Societe Tunisienne de Reassurance (XTUN:TRE) Scaled Net Operating Assets : 0.26 (As of Dec. 2023)

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What is Societe Tunisienne de Reassurance 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.

Societe Tunisienne de Reassurance's operating assets for the quarter that ended in Dec. 2023 was TND915.7 Mil. Societe Tunisienne de Reassurance's operating liabilities for the quarter that ended in Dec. 2023 was TND666.8 Mil. Societe Tunisienne de Reassurance's Total Assets for the quarter that ended in Dec. 2022 was TND943.6 Mil. Therefore, Societe Tunisienne de Reassurance's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.26.

Societe Tunisienne de Reassurance 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.

Societe Tunisienne de Reassurance'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 )
=	(915.735	-	666.794)	/	943.618
=	0.26

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	926.419	-	10.684
=	915.735

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	698.535	-	31.741	-	0
=	666.794

Societe Tunisienne de Reassurance'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: Dec. 2022 )
=	(915.735	-	666.794)	/	943.618
=	0.26

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	926.419	-	10.684
=	915.735

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	698.535	-	31.741	-	0
=	666.794

* 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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Societe Tunisienne de Reassurance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Societe Tunisienne de Reassurance SA (XTUN:TRE) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

N/A

Address

Avenue du Japon No. 12, P.O Box 29, Montplaisir, Tunis, TUN, 1073

Website

https://www.tunisre.com.tn

Societe Tunisienne de Reassurance SA is engaged in the provision of the insurance services. The company offers various insurance products such as Fire, Miscellaneous and Technical Risks, engineering, Agricultural Risks, Marine & Energy, civil liability, accidents, civil and life insurances. In addition, it also provides transport corps, transportation faculties, energy and aviation insurance.