TGIC (Triad Guaranty) Scaled Net Operating Assets: -1.04 (As of Sep. 2012)


What is Triad Guaranty Scaled Net Operating Assets?

Triad Guaranty TGIC Scaled Net Operating Assets is -1.04 as of Sep. 2012.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Triad Guaranty's operating assets for the quarter that ended in Sep. 2012 was $741.2 Mil. Triad Guaranty's operating liabilities for the quarter that ended in Sep. 2012 was $1,623.4 Mil. Triad Guaranty's Total Assets for the quarter that ended in Jun. 2012 was $848.0 Mil. Therefore, Triad Guaranty's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2012 was -1.04.

Triad Guaranty 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.

Triad Guaranty's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2011 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2011 )
=(Operating Assets (A: Dec. 2011 )-Operating Liabilities (A: Dec. 2011 ))/Total Assets (A: Dec. 2010 )
=(855.637-1599.801)/991.625
=-0.75

where

Operating Assets(A: Dec. 2011 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=896.227 - 40.59
=855.637

Operating Liabilities(A: Dec. 2011 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1599.801 - 0 - 0
=1599.801

Triad Guaranty's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2012 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2012 )
=(Operating Assets (Q: Sep. 2012 )-Operating Liabilities (Q: Sep. 2012 ))/Total Assets (Q: Jun. 2012 )
=(741.247-1623.379)/848.024
=-1.04

where

Operating Assets(Q: Sep. 2012 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=820.59 - 79.343
=741.247

Operating Liabilities(Q: Sep. 2012 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1623.379 - 0 - 0
=1623.379

* 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.

What does a Scaled Net Operating Assets of -1.04 mean?
Triad Guaranty (TGIC) has a Scaled Net Operating Assets of -1.04 as of Sep. 2012. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Triad Guaranty and its competitors.
Is Triad Guaranty's Scaled Net Operating Assets too high?
Triad Guaranty's current Scaled Net Operating Assets is -1.04.
How does Triad Guaranty's Scaled Net Operating Assets compare to FACO and PPHI?
Triad Guaranty's Scaled Net Operating Assets of -1.04 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Triad Guaranty and its competitors. Triad Guaranty's current Scaled Net Operating Assets is -1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triad Guaranty stock overvalued right now?
Triad Guaranty (TGIC) has a current Scaled Net Operating Assets of -1.04. The current Scaled Net Operating Assets is -1.04. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Triad Guaranty (TGIC), the current Scaled Net Operating Assets is -1.04 as of Sep. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Triad Guaranty Business Description

Address 101 South Stratford Road, Winston-Salem, NC, USA, 27104
Triad Guaranty Inc is a holding company which, through its wholly-owned subsidiary, Triad Guaranty Insurance Corporation ('TGIC'), is a nationwide mortgage insurer pursuing a run-off of its existing in-force book of business.