Definity Financial (TSX:DFY) Scaled Net Operating Assets : 0.41 (As of Sep. 2024)

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What is Definity Financial 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.

Definity Financial's operating assets for the quarter that ended in Sep. 2024 was C$7,111 Mil. Definity Financial's operating liabilities for the quarter that ended in Sep. 2024 was C$4,121 Mil. Definity Financial's Total Assets for the quarter that ended in Jun. 2024 was C$7,260 Mil. Therefore, Definity Financial's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.41.

Definity Financial 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.

Definity Financial'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 )
=	(7062	-	3988.4)	/	6819.7
=	0.45

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	7259.5	-	197.5
=	7062

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4252.6	-	149.9	-	114.3
=	3988.4

Definity Financial'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 )
=	(7110.8	-	4120.6)	/	7259.9
=	0.41

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	7531.7	-	420.9
=	7110.8

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4271.9	-	151.3	-	0
=	4120.6

* 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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Definity Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Definity Financial Corp (TSX:DFY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

DFYFF:USA

Address

111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6

Website

https://www.definityfinancial.com

Definity Financial Corp offers personal and commercial insurance products. Through its personal lines insurance operations, the company offers auto, property, liability, and pet insurance products to individual customers, and its commercial lines insurance offering includes fleet, individually-rated commercial auto, property, liability, and specialty insurance products, which are provided to businesses of all sizes in Canada.

Executives

Micheal Joseph Kelly	Director
Rowan Saunders	Director, Senior Officer
Craig Edward David Richardson	Senior Officer
Tatjana Lalkovic	Senior Officer
Swiss Re Ltd	10% Security Holder
Liam Michael Mcfarlane	Senior Officer
Obaid Rahman	Senior Officer
Brigid V. Pelino	Senior Officer
Hans Reidl	Senior Officer