National Insurance Co (XPAE:NIC) Scaled Net Operating Assets : 0.42 (As of Dec. 2023)

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What is National 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.

National Insurance Co's operating assets for the quarter that ended in Dec. 2023 was $104.25 Mil. National Insurance Co's operating liabilities for the quarter that ended in Dec. 2023 was $66.11 Mil. National Insurance Co's Total Assets for the quarter that ended in Sep. 2023 was $90.99 Mil. Therefore, National Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.42.

National 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.

National 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 )
=	(104.252	-	66.113)	/	97.659
=	0.39

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	110.595	-	6.343
=	104.252

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	66.957	-	0.844	-	0
=	66.113

National Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(104.252	-	66.113)	/	90.993
=	0.42

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	110.595	-	6.343
=	104.252

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	66.957	-	0.844	-	0
=	66.113

* 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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National Insurance Co (XPAE:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National Insurance Co (XPAE:NIC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alwataneyyeh Tour Building, P.O. Box 1819, Al Bireh, PSE

Website

https://www.nic-pal.com

National Insurance Co is an insurance company. The company provides motor, property, marine, engineering, specialized and personal insurance.