Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Scaled Net Operating Assets : 0.03 (As of Mar. 2024)

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What is Abu Dhabi National Insurance Co PJSC 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.

Abu Dhabi National Insurance Co PJSC's operating assets for the quarter that ended in Mar. 2024 was د.إ5,796 Mil. Abu Dhabi National Insurance Co PJSC's operating liabilities for the quarter that ended in Mar. 2024 was د.إ5,527 Mil. Abu Dhabi National Insurance Co PJSC's Total Assets for the quarter that ended in Dec. 2023 was د.إ7,716 Mil. Therefore, Abu Dhabi National Insurance Co PJSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.03.

Abu Dhabi National Insurance Co PJSC 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.

Abu Dhabi National Insurance Co PJSC'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 )
=	(6680.724	-	4797.273)	/	9985.469
=	0.19

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	7716.361	-	1035.637
=	6680.724

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4797.273	-	0	-	0
=	4797.273

Abu Dhabi National Insurance Co PJSC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(5796.137	-	5526.882)	/	7716.361
=	0.03

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	8351.383	-	2555.246
=	5796.137

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5576.882	-	0	-	50
=	5526.882

* 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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Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalifa Street, P.O. Box 839, ADNIC Building No. 403, Abu Dhabi, ARE

Website

https://www.adnic.ae

Abu Dhabi National Insurance Co PJSC is an insurance company providing insurance services to individuals and corporates. It provides life and non-life insurance and a range of customizable and scalable insurance products and services. The company operates its business in two segments: The Underwriting of commercial lines of business incorporates all classes of general insurance including marine cargo, marine hull, aviation, energy, property, and engineering; and The Underwriting of a consumer line of business incorporates all classes of insurance including accident, motor, life, and medical. The company generates the maximum of its premiums from the commercial segment.