HALLQ (Hallmark Financial Services) Scaled Net Operating Assets: -0.20 (As of Sep. 2023)


HALLQ Hallmark Financial Services Inc HALLQ
16 GF Score
Price $0.08
View Full Analysis

What is Hallmark Financial Services Scaled Net Operating Assets?

Hallmark Financial Services HALLQ 16 Scaled Net Operating Assets is -0.20 as of Sep. 2023. GuruFocus rates HALLQ with a GF Score™ of 16/100.

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

Hallmark Financial Services's operating assets for the quarter that ended in Sep. 2023 was $749.6 Mil. Hallmark Financial Services's operating liabilities for the quarter that ended in Sep. 2023 was $995.2 Mil. Hallmark Financial Services's Total Assets for the quarter that ended in Jun. 2023 was $1,249.3 Mil. Therefore, Hallmark Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was -0.20.

HALLQ
16GF Score
Hallmark Financial Services Inc HALLQ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hallmark Financial Services 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.

Hallmark Financial Services's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2022 )
=(Operating Assets (A: Dec. 2022 )-Operating Liabilities (A: Dec. 2022 ))/Total Assets (A: Dec. 2021 )
=(1477.569-1371.045)/1553.598
=0.07

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1536.702 - 59.133
=1477.569

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1476.408 - 105.363 - 0
=1371.045

Hallmark Financial Services's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2023 )
=(Operating Assets (Q: Sep. 2023 )-Operating Liabilities (Q: Sep. 2023 ))/Total Assets (Q: Jun. 2023 )
=(749.571-995.215)/1249.348
=-0.20

where

Operating Assets(Q: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1092.922 - 343.351
=749.571

Operating Liabilities(Q: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1100.69 - 105.475 - 0
=995.215

* 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.

What does a Scaled Net Operating Assets of -0.20 mean?
Hallmark Financial Services (HALLQ) has a Scaled Net Operating Assets of -0.20 as of Sep. 2023. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hallmark Financial Services and its competitors.
Is Hallmark Financial Services' Scaled Net Operating Assets too high?
Hallmark Financial Services' current Scaled Net Operating Assets is -0.20. Overall, Hallmark Financial Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Hallmark Financial Services' Scaled Net Operating Assets compare to DTI and RES?
Hallmark Financial Services' Scaled Net Operating Assets of -0.20 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hallmark Financial Services and its competitors. Hallmark Financial Services's current Scaled Net Operating Assets is -0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hallmark Financial Services stock overvalued right now?
Hallmark Financial Services (HALLQ) has a current Scaled Net Operating Assets of -0.20. The current Scaled Net Operating Assets is -0.20. Hallmark Financial Services' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Hallmark Financial Services (HALLQ), the current Scaled Net Operating Assets is -0.20 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hallmark Financial Services Business Description

Address 5420 Lyndon B. Johnson Freeway, Suite 1100, Two Lincoln Centre, Dallas, TX, USA, 75240
Hallmark Financial Services Inc is an insurance holding company, which is engaged in the sale of property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting, and servicing insurance products, as well as providing other insurance-related services. The company operates in segments such as Standard Commercial Segment, Specialty Commercial Segment, and Personal Segment. Geographically, it operates through the region of United States and derives a majority of its revenue from Specialty Commercial Segment, which includes Commercial Auto business unit, E&S Casualty business unit, E&S Property business unit, Professional Liability business unit, and Aerospace & Programs business unit.
16GF Score

Get the complete analysis for HALLQ

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.08
Price