Al Manar Financing & Leasing Co (KUW:ALMANAR) Scaled Net Operating Assets : 0.80 (As of Dec. 2024)

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What is Al Manar Financing & Leasing Co 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 Manar Financing & Leasing Co's operating assets for the quarter that ended in Dec. 2024 was KWD45.75 Mil. Al Manar Financing & Leasing Co's operating liabilities for the quarter that ended in Dec. 2024 was KWD3.09 Mil. Al Manar Financing & Leasing Co's Total Assets for the quarter that ended in Sep. 2024 was KWD53.36 Mil. Therefore, Al Manar Financing & Leasing Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.80.

Al Manar Financing & Leasing Co 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 Manar Financing & Leasing Co'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 )
=	(45.748	-	3.094)	/	52.26
=	0.82

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	56.293	-	10.545
=	45.748

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21.953	-	18.859	-	0
=	3.094

Al Manar Financing & Leasing Co'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 )
=	(45.748	-	3.094)	/	53.356
=	0.80

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	56.293	-	10.545
=	45.748

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21.953	-	18.859	-	0
=	3.094

* 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 Manar Financing & Leasing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Al Manar Financing & Leasing Co (KUW:ALMANAR) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

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Address

Al Qiblah Block 13 Street 23, Building 19 Floor 29, P.O. BOX 22828, SAFAT, Kuwait City, KWT, 13089

Website

https://www.almanar.com.kw

Al Manar Financing & Leasing Co is Kuwait based company that operates as an Islamic financing institution. It provides all credit facilities, Leasing services, and investments in Real estate, Industrial, Agricultural, and Economic sectors. Its operating segments are Finance, Investments, and others. The majority of the revenue comes from Finance.