Solidarityudi Takaful Co (SAU:8290) Scaled Net Operating Assets : 0.33 (As of Sep. 2020)

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What is Solidarityudi Takaful 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.

Solidarityudi Takaful Co's operating assets for the quarter that ended in Sep. 2020 was ﷼543.5 Mil. Solidarityudi Takaful Co's operating liabilities for the quarter that ended in Sep. 2020 was ﷼354.6 Mil. Solidarityudi Takaful Co's Total Assets for the quarter that ended in Jun. 2020 was ﷼571.0 Mil. Therefore, Solidarityudi Takaful Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2020 was 0.33.

Solidarityudi Takaful 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.

Solidarityudi Takaful Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2019 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2019 )
=	(Operating Assets (A: Dec. 2019 )	-	Operating Liabilities (A: Dec. 2019 ))	/	Total Assets (A: Dec. 2018 )
=	(585.269	-	374.511)	/	530.639
=	0.40

where

	Operating Assets		(A: Dec. 2019 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	585.269	-	0
=	585.269

	Operating Liabilities		(A: Dec. 2019 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	374.511	-	0	-	0
=	374.511

Solidarityudi Takaful Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2020 )
=	(Operating Assets (Q: Sep. 2020 )	-	Operating Liabilities (Q: Sep. 2020 ))	/	Total Assets (Q: Jun. 2020 )
=	(543.52	-	354.635)	/	571.04
=	0.33

where

	Operating Assets		(Q: Sep. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	543.52	-	0
=	543.52

	Operating Liabilities		(Q: Sep. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	354.635	-	0	-	0
=	354.635

* 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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Solidarityudi Takaful Co (SAU:8290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Solidarity Saudi Takaful Co (SAU:8290) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad Road, Redex Tower 8th, 9th and 10th Floor, Riyadh, SAU, 11612

Website

http://www.sstc.com.sa

Solidarity Saudi Takaful Co engages in the provision of life and non-life insurance in Saudi Arabia. It offers a range of the Insurance products that are available for all the major lines of business such as Medical, Motor Vehicle, Property, Marine, Engineering, General Accident, Liability and Group Life Insurance.