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Mercury General (STU:MCG) Scaled Net Operating Assets : 0.20 (As of Dec. 2024)


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What is Mercury General 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.

Mercury General's operating assets for the quarter that ended in Dec. 2024 was €6,978 Mil. Mercury General's operating liabilities for the quarter that ended in Dec. 2024 was €5,516 Mil. Mercury General's Total Assets for the quarter that ended in Sep. 2024 was €7,346 Mil. Therefore, Mercury General's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.20.

Mercury General 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.

Mercury General's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(7248.809-5516.462)/6513.815
=0.27

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7936.654 - 687.845
=7248.809

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6077.723 - 561.261 - 0
=5516.462

Mercury General's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(6977.763-5516.462)/7345.806
=0.20

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7936.654 - 958.891
=6977.763

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6077.723 - 561.261 - 0
=5516.462

* 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.

Mercury General Scaled Net Operating Assets Related Terms

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Mercury General Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mercury General Corp (STU:MCG) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
MCY:USA MCG:Germany
Address
4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010
Website
http://www.mercuryinsurance.com
Mercury General Corp is an insurance holding company. It is engaged in writing personal automobile insurance and provides related property and casualty insurance products. The Company offers the following types of automobile coverage: collision, property damage, bodily injury ("BI"), comprehensive, personal injury protection ("PIP"), underinsured and uninsured motorist, and other hazards. The Company offers the following types of homeowners coverage: dwelling, liability, personal property, and other coverages.