Al-Takaful Palestinian Insurance (XPAE:TIC) Scaled Net Operating Assets : 0.33 (As of Sep. 2024)

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What is Al-Takaful Palestinian Insurance 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.

Al-Takaful Palestinian Insurance's operating assets for the quarter that ended in Sep. 2024 was $66.53 Mil. Al-Takaful Palestinian Insurance's operating liabilities for the quarter that ended in Sep. 2024 was $44.69 Mil. Al-Takaful Palestinian Insurance's Total Assets for the quarter that ended in Jun. 2024 was $66.22 Mil. Therefore, Al-Takaful Palestinian Insurance's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.33.

Al-Takaful Palestinian Insurance 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.

Al-Takaful Palestinian Insurance'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 )
=	(68.492	-	44.626)	/	69.538
=	0.34

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	69.031	-	0.539
=	68.492

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	45.138	-	0.247	-	0.265
=	44.626

Al-Takaful Palestinian Insurance'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 )
=	(66.528	-	44.693)	/	66.218
=	0.33

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	68.545	-	2.017
=	66.528

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	45.257	-	0.3	-	0.264
=	44.693

* 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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Al-Takaful Palestinian Insurance Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Abraj House, 2nd floor, Box: 1444, Ein Munjed, Ramallah, PSE

Website

https://www.altakaful-ins.ps

Al-Takaful Palestinian Insurance is a Palestine-based company that is engaged in providing multiple insurance programs and services that is compliant with Shariah. The company provides Medical insurance, which provides insurance for general and physician doctors, pharmacies, laboratories, and X-rays; Motor insurance, which provides insurance for theft, collision, and fire; Family insurance, which provides insurance for natural death, accidental death, and other; and General insurance. The company sells its insurance via branches, offices, and authorized dealers.