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Loews (LTS:0JVI) Scaled Net Operating Assets : 0.25 (As of Mar. 2024)


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What is Loews 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.

Loews's operating assets for the quarter that ended in Mar. 2024 was $73,755 Mil. Loews's operating liabilities for the quarter that ended in Mar. 2024 was $53,805 Mil. Loews's Total Assets for the quarter that ended in Dec. 2023 was $79,197 Mil. Therefore, Loews's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.25.

Loews 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.

Loews'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 )
=(78798-53669)/75567
=0.33

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=79197 - 399
=78798

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=62672 - 7919 - 1084
=53669

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

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(73755-53805)/79197
=0.25

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=80906 - 7151
=73755

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=63908 - 8425 - 1678
=53805

* 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.

Loews Scaled Net Operating Assets Related Terms

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Loews (LTS:0JVI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Loews Corp (LTS:0JVI) » Definitions » Scaled Net Operating Assets
Comparable Companies
CINF MKL WRB CNA AFG KNSL RLI SIGI HIG THG PGR CB TSE:8766 TRV ALL HKSE:01339 TSX:IFC HKSE:02328 TSE:8725 TSX:FFH
Traded in Other Exchanges
L:USA LTR:Germany
Address
667 Madison Avenue, New York, NY, USA, 10065-8087
Website
https://www.loews.com
Loews Corp is a holding company that is supported by a variety of businesses. Its largest subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels.