Walaa Cooperative Insurance Co (SAU:8060) Scaled Net Operating Assets : 0.24 (As of Mar. 2024)

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What is Walaa Cooperative Insurance 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.

Walaa Cooperative Insurance Co's operating assets for the quarter that ended in Mar. 2024 was ﷼3,699 Mil. Walaa Cooperative Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was ﷼2,717 Mil. Walaa Cooperative Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼4,107 Mil. Therefore, Walaa Cooperative Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.24.

Walaa Cooperative Insurance 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.

Walaa Cooperative Insurance 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 )
=	(3594.838	-	2836.04)	/	3587.872
=	0.21

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4107.249	-	512.411
=	3594.838

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2838.794	-	2.754	-	0
=	2836.04

Walaa Cooperative Insurance 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 )
=	(3698.5	-	2716.69)	/	4107.249
=	0.24

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4044.961	-	346.461
=	3698.5

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2736.642	-	19.952	-	0
=	2716.69

* 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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Walaa Cooperative Insurance Co (SAU:8060) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

4513, Adh Dhahran Al Khubar Al Janubiyah, Unit No: 8, Al-Khobar, SAU, 34621-8615

Website

https://www.walaa.com

Walaa Cooperative Insurance Co is a general insurance company. It is engaged in providing insurance coverage in the areas of medical, motor, marine, fire, engineering, aviation and casualty. Geographically, it operates in the Kingdom of Saudi Arabia. The company carries its business through the product segments of Medical, Motor, Property, Engineering, Protection and savings and Others. Majority of revenue is generated from Medical insurance segment. Medical insurance provides coverage for health insurance.