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IGI Holdings (KAR:IGIHL) Scaled Net Operating Assets : 0.49 (As of Sep. 2024)


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What is IGI Holdings 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.

IGI Holdings's operating assets for the quarter that ended in Sep. 2024 was ₨116,918 Mil. IGI Holdings's operating liabilities for the quarter that ended in Sep. 2024 was ₨59,994 Mil. IGI Holdings's Total Assets for the quarter that ended in Jun. 2024 was ₨117,232 Mil. Therefore, IGI Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.49.

IGI Holdings 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.

IGI Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(112664.175-48238.267)/88867.77
=0.72

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=117101.287 - 4437.112
=112664.175

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=50938.955 - 38.147 - 2662.541
=48238.267

IGI Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(116917.606-59993.583)/117231.783
=0.49

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=123175.699 - 6258.093
=116917.606

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=62394.238 - 20.81 - 2379.845
=59993.583

* 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.

IGI Holdings Scaled Net Operating Assets Related Terms

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IGI Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » IGI Holdings Ltd (KAR:IGIHL) » Definitions » Scaled Net Operating Assets
Comparable Companies
KAR:EFUG KAR:AICL PGR CB TSE:8766 TRV ALL HKSE:01339 HKSE:02328 TSX:IFC HIG TSE:8725 TSX:FFH TSE:8630 MKL WRB CINF ASX:QBE L ASX:SUNDD
Traded in Other Exchanges
N/A
Address
7th Floor, The Forum, Suite 701-713, G-20, Block 9, Khayaban-e-Jami, Clifton, Karachi, PAK, 75600
Website
https://www.igiholdings.com.pk
IGI Holdings Ltd is a general insurance company along with its subsidiary provides home insurance, travel insurance, auto insurance, health insurance, fire insurance, marine insurance, motor insurance, and other insurance services. It operates and manages separately to the nature of the services of Non-Life Insurance which includes Fire and property insurance; Marine, aviation and transport insurance; Motor insurance; Accident and health insurance; Miscellaneous insurance; and Life Insurance includes The Life (participating) segment and The Life (non-participating) segment.