Arabian Shield Cooperative Insurance Co (SAU:8070) Scaled Net Operating Assets : 0.39 (As of Sep. 2024)

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What is Arabian Shield 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.

Arabian Shield Cooperative Insurance Co's operating assets for the quarter that ended in Sep. 2024 was ﷼3,186 Mil. Arabian Shield Cooperative Insurance Co's operating liabilities for the quarter that ended in Sep. 2024 was ﷼1,865 Mil. Arabian Shield Cooperative Insurance Co's Total Assets for the quarter that ended in Jun. 2024 was ﷼3,356 Mil. Therefore, Arabian Shield Cooperative Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.39.

Arabian Shield 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.

Arabian Shield 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 )
=	(3370.58	-	2000.808)	/	2520.772
=	0.54

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3531.551	-	160.971
=	3370.58

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2002.56	-	1.752	-	0
=	2000.808

Arabian Shield Cooperative Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(3186.221	-	1865.493)	/	3356.433
=	0.39

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3479.086	-	292.865
=	3186.221

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1866.657	-	1.164	-	0
=	1865.493

* 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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Arabian Shield Cooperative Insurance Co Business Description

Industry

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Traded in Other Exchanges

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Address

5th Floor, Cercon Building No.15, PO Box 61352, Olaya Street, Riyadh, SAU, 11565

Website

https://www.der3.com

Arabian Shield Cooperative Insurance Co is engaged in the general and medical insurance business in Saudi Arabia. The company has insurance operation segments which include Motor, Medical, Property, Protection & Saving (P&S).Linked and non-linked, Engineering and Others The majority of revenue is generated from the Protection & Saving Linked.