Saudi Arabian Cooperative Insurance Co (SAU:8100) Scaled Net Operating Assets : 0.10 (As of Sep. 2024)

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What is Saudi Arabian 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.

Saudi Arabian Cooperative Insurance Co's operating assets for the quarter that ended in Sep. 2024 was ﷼1,810.8 Mil. Saudi Arabian Cooperative Insurance Co's operating liabilities for the quarter that ended in Sep. 2024 was ﷼1,611.2 Mil. Saudi Arabian Cooperative Insurance Co's Total Assets for the quarter that ended in Jun. 2024 was ﷼1,956.7 Mil. Therefore, Saudi Arabian Cooperative Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.10.

Saudi Arabian 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.

Saudi Arabian 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 )
=	(1953.96	-	1814.662)	/	1150.965
=	0.12

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2128.264	-	174.304
=	1953.96

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1814.662	-	0	-	0
=	1814.662

Saudi Arabian 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 )
=	(1810.767	-	1611.199)	/	1956.683
=	0.10

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1961.956	-	151.189
=	1810.767

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1611.199	-	0	-	0
=	1611.199

* 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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Saudi Arabian Cooperative Insurance Co Business Description

Industry

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Traded in Other Exchanges

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Address

Platinum Center, Salahuddin Street, P.O. Box- 58073, Riyadh, SAU, 11594

Website

https://www.saico.com.sa

Saudi Arabian Cooperative Insurance Co provides various insurance and reinsurance services. It offers insurance services in the fields of vehicles, medical, sea shipment, fire, engineering, aviation, power, group life insurance and accidents. The objective of the Company is to transact cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The Company's lines of business include all classes of general and medical insurance.