The Mediterranean and Gulf Insurance and Reinsurance Co (SAU:8030) Scaled Net Operating Assets : 0.08 (As of Mar. 2024)

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What is The Mediterranean and Gulf Insurance and Reinsurance 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.

The Mediterranean and Gulf Insurance and Reinsurance Co's operating assets for the quarter that ended in Mar. 2024 was ﷼2,458 Mil. The Mediterranean and Gulf Insurance and Reinsurance Co's operating liabilities for the quarter that ended in Mar. 2024 was ﷼2,215 Mil. The Mediterranean and Gulf Insurance and Reinsurance Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼3,120 Mil. Therefore, The Mediterranean and Gulf Insurance and Reinsurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.08.

The Mediterranean and Gulf Insurance and Reinsurance 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.

The Mediterranean and Gulf Insurance and Reinsurance Co'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 )
=	(2849.132	-	2191.708)	/	3046.383
=	0.22

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3120.006	-	270.874
=	2849.132

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2202.586	-	1.088	-	9.79
=	2191.708

The Mediterranean and Gulf Insurance and Reinsurance Co'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 )
=	(2457.647	-	2214.957)	/	3120.006
=	0.08

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3164.764	-	707.117
=	2457.647

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2221.083	-	1.088	-	5.038
=	2214.957

* 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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The Mediterranean and Gulf Insurance and Reinsurance Co (SAU:8030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Mediterranean and Gulf Insurance and Reinsurance Co (SAU:8030) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Saud Road, P.O. Box 2302, Medgulf Insurance Futuro Tower, Riyadh, SAU, 11451

Website

https://www.medgulf.com.sa

The Mediterranean and Gulf Insurance and Reinsurance Co is a Saudi Arabian insurance company with objectives to transact in cooperative insurance and reinsurance business and related activities. Its principal lines of business include medical, motor and other general insurance. It has three reportable operating segments: Medical insurance, which is the key revenue driver, covers medical costs, medicines, and all other medical services and supplies; Motor Insurance, which provides coverage against losses and liability related to motor vehicles; and Others.