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Greenlight Capital Re (FRA:G8L) Scaled Net Operating Assets : 0.33 (As of Dec. 2024)


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What is Greenlight Capital Re Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Greenlight Capital Re's operating assets for the quarter that ended in Dec. 2024 was €1,863.7 Mil. Greenlight Capital Re's operating liabilities for the quarter that ended in Dec. 2024 was €1,260.2 Mil. Greenlight Capital Re's Total Assets for the quarter that ended in Sep. 2024 was €1,803.5 Mil. Therefore, Greenlight Capital Re's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.33.

Greenlight Capital Re Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Greenlight Capital Re's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(1863.719-1260.214)/1591.277
=0.38

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1925.493 - 61.774
=1863.719

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1318.229 - 58.015 - 0
=1260.214

Greenlight Capital Re's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(1863.719-1260.214)/1803.519
=0.33

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1925.493 - 61.774
=1863.719

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1318.229 - 58.015 - 0
=1260.214

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Greenlight Capital Re Scaled Net Operating Assets Related Terms

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Greenlight Capital Re Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Greenlight Capital Re Ltd (FRA:G8L) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
GLRE:USA
Address
65 Market Street, Suite 1207, Jasmine Court, P.O. Box 31110, Camana Bay, Grand Cayman, CYM, KY1-1205
Website
https://www.greenlightre.com
Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed and income from investments.