Harel Insurance Investments & Financial Services (XTAE:HARL) Scaled Net Operating Assets : -0.05 (As of Dec. 2023)

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What is Harel Insurance Investments & Financial Services 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.

Harel Insurance Investments & Financial Services's operating assets for the quarter that ended in Dec. 2023 was ₪118,308 Mil. Harel Insurance Investments & Financial Services's operating liabilities for the quarter that ended in Dec. 2023 was ₪124,899 Mil. Harel Insurance Investments & Financial Services's Total Assets for the quarter that ended in Sep. 2023 was ₪143,179 Mil. Therefore, Harel Insurance Investments & Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.05.

Harel Insurance Investments & Financial Services 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.

Harel Insurance Investments & Financial Services'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 )
=	(132340	-	124899)	/	135271
=	0.06

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	144806	-	12466
=	132340

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	135853	-	10508	-	446
=	124899

Harel Insurance Investments & Financial Services'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 )
=	(118308	-	124899)	/	143179
=	-0.05

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	144806	-	26498
=	118308

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	135853	-	10508	-	446
=	124899

* 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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Harel Insurance Investments & Financial Services (XTAE:HARL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Harel Insurance Investments & Financial Services Ltd (XTAE:HARL) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Abba Hillel Street, Ramat Gan, ISR

Website

https://www.harel-group.co.il

Harel Insurance Investments & Financial Services Ltd is a diversified insurance company that offers a selection of life insurance policies, health insurance, nursing insurance, travel insurance, car insurance, and rent and property insurance to residential and commercial customers in Israel. The company also generates revenue through investment portfolio management, mutual funds, and exchange-traded funds.