SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'SNOA' SAFT (Safety Insurance Group) Scaled Net Operating Assets
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Safety Insurance Group Inc (NAS:SAFT) » Definitions » Scaled Net Operating Assets

# Safety Insurance Group (Safety Insurance Group) Scaled Net Operating Assets

: 0.16 (As of Dec. 2023)
View and export this data going back to 2002. Start your Free Trial

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Safety Insurance Group's operating assets for the quarter that ended in Dec. 2023 was \$1,576.4 Mil. Safety Insurance Group's operating liabilities for the quarter that ended in Dec. 2023 was \$1,240.0 Mil. Safety Insurance Group's Total Assets for the quarter that ended in Sep. 2023 was \$2,052.1 Mil. Therefore, Safety Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.16.

## Safety 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.

Safety Insurance Group'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 ) = (2055.852 - 1239.981) / 1972.569 = 0.41

where

 Operating Assets (A: Dec. 2023 ) = Total Assets - Balance Sheet Cash And Cash Equivalents = 2094.004 - 38.152 = 2055.852

 Operating Liabilities (A: Dec. 2023 ) = Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation = 1289.737 - 19.756 - 30 = 1239.981

Safety Insurance Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

 Scaled Net Operating Assets (SNOA) (Q: Dec. 2023 ) = (Operating Assets (Q: Dec. 2023 ) - Operating Liabilities (Q: Dec. 2023 )) / Total Assets (Q: Sep. 2023 ) = (1576.384 - 1239.981) / 2052.105 = 0.16

where

 Operating Assets (Q: Dec. 2023 ) = Total Assets - Balance Sheet Cash And Cash Equivalents = 2094.004 - 517.62 = 1576.384

 Operating Liabilities (Q: Dec. 2023 ) = Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation = 1289.737 - 19.756 - 30 = 1239.981

* 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.

## Safety Insurance Group Scaled Net Operating Assets Related Terms

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

## Safety Insurance Group (Safety Insurance Group) Business Description

Comparable Companies