CIC Insurance Group (NAI:CIC) Scaled Net Operating Assets : -0.23 (As of Dec. 2022)

View and export this data going back to 2012. Start your Free Trial

What is CIC Insurance Group 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.

CIC Insurance Group's operating assets for the quarter that ended in Dec. 2022 was KES23,561 Mil. CIC Insurance Group's operating liabilities for the quarter that ended in Dec. 2022 was KES33,303 Mil. CIC Insurance Group's Total Assets for the quarter that ended in Dec. 2021 was KES41,541 Mil. Therefore, CIC Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2022 was -0.23.

CIC Insurance Group 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.

CIC Insurance Group'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 )
=	(40380.282	-	33303.129)	/	41540.836
=	0.17

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	46704.956	-	6324.674
=	40380.282

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	38137.912	-	4834.783	-	0
=	33303.129

CIC Insurance Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2022 )
=	(Operating Assets (Q: Dec. 2022 )	-	Operating Liabilities (Q: Dec. 2022 ))	/	Total Assets (Q: Dec. 2021 )
=	(23561.092	-	33303.129)	/	41540.836
=	-0.23

where

	Operating Assets		(Q: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	46704.956	-	23143.864
=	23561.092

	Operating Liabilities		(Q: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	38137.912	-	4834.783	-	0
=	33303.129

* 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.

CIC Insurance Group Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of CIC Insurance Group's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

CIC Insurance Group (NAI:CIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CIC Insurance Group Ltd (NAI:CIC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mara Road, Upper Hill, P.O. Box 59485, CIC Plaza, Nairobi, KEN, 00200

Website

https://cic.co.ke

CIC Insurance Group Ltd is an insurance company. The Group's reportable segments are long-term business, general insurance business, asset management and other. Its product portfolio consists of General insurance, Life assurance, Health insurance, and Asset management services. It takes the risk for retail, Cooperative societies, and corporate entities.