Al Ahleia Insurance CoKP (KUW:AINS) Scaled Net Operating Assets : 0.32 (As of Dec. 2024)

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What is Al Ahleia Insurance CoKP 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.

Al Ahleia Insurance CoKP's operating assets for the quarter that ended in Dec. 2024 was KWD402.6 Mil. Al Ahleia Insurance CoKP's operating liabilities for the quarter that ended in Dec. 2024 was KWD267.0 Mil. Al Ahleia Insurance CoKP's Total Assets for the quarter that ended in Sep. 2024 was KWD423.1 Mil. Therefore, Al Ahleia Insurance CoKP's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.32.

Al Ahleia Insurance CoKP 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.

Al Ahleia Insurance CoKP'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 )
=	(423.638	-	267.037)	/	374.661
=	0.42

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	431.972	-	8.334
=	423.638

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	267.037	-	0	-	0
=	267.037

Al Ahleia Insurance CoKP'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 )
=	(402.588	-	267.037)	/	423.054
=	0.32

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	431.972	-	29.384
=	402.588

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	267.037	-	0	-	0
=	267.037

* 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.

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Al Ahleia Insurance CoKP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Ahleia Insurance Co SAKP (KUW:AINS) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

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Address

Ahmad Al-Jaber Street, Building 21, Block No. 2, P.O.Box 1602, Al Ahleia Insurance Company Tower, Al-Sharq, Safat, Kuwait, KWT, 13017

Website

http://www.alahleia.com

Al Ahleia Insurance Co SAKP is engaged in insurance sector. Its insurance products include Car insurance, Car insurance, Marine and aviation insurance and Fire and General Accident Insurance.