Linea Directa Aseguradora (XMAD:LDA) Scaled Net Operating Assets : -0.57 (As of Dec. 2023)

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What is Linea Directa Aseguradora 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.

Linea Directa Aseguradora's operating assets for the quarter that ended in Dec. 2023 was €206.2 Mil. Linea Directa Aseguradora's operating liabilities for the quarter that ended in Dec. 2023 was €809.5 Mil. Linea Directa Aseguradora's Total Assets for the quarter that ended in Jun. 2023 was €1,064.8 Mil. Therefore, Linea Directa Aseguradora's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.57.

Linea Directa Aseguradora 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.

Linea Directa Aseguradora'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 )
=	(1083.576	-	809.469)	/	1195.415
=	0.23

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1125.322	-	41.746
=	1083.576

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	812.287	-	2.818	-	0
=	809.469

Linea Directa Aseguradora'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: Jun. 2023 )
=	(206.233	-	809.469)	/	1064.824
=	-0.57

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1125.322	-	919.089
=	206.233

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	812.287	-	2.818	-	0
=	809.469

* 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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Linea Directa Aseguradora (XMAD:LDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Linea Directa Aseguradora SA (XMAD:LDA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

LNDAF:USA LDAe:UK 8I2:Germany

Address

Calle de Isaac Newton 7, Tres Cantos, Madrid, ESP, 28760

Website

https://www.lineadirectaaseguradora.com

Linea Directa Aseguradora SA is engaged in insurance and reinsurance activities in the motor, home, and other non-life segments. The company has five operating segments; The motor segment includes private motor insurance and motorbike insurance, The home segment includes multi-risk home insurance products with theft damage, civil liability, fire damage, aesthetic damage, etc, The health segment includes health insurance products under the Vivaz brand, The other insurance segment includes various products with stand-alone policies that are not linked to motor, home or health insurance, such as travel insurance for holders of credit cards and wellness insurance, and The other activities segment mainly relates to auxiliary insurance businesses and commissions.