NIB Holdings (ASX:NHF) Scaled Net Operating Assets : 0.51 (As of Dec. 2023)

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What is NIB Holdings 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.

NIB Holdings's operating assets for the quarter that ended in Dec. 2023 was A$1,805 Mil. NIB Holdings's operating liabilities for the quarter that ended in Dec. 2023 was A$713 Mil. NIB Holdings's Total Assets for the quarter that ended in Jun. 2023 was A$2,130 Mil. Therefore, NIB Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.51.

NIB Holdings 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.

NIB Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(1887	-	854.3)	/	1880.4
=	0.55

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2130	-	243
=	1887

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1146.1	-	283.2	-	8.6
=	854.3

NIB Holdings'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 )
=	(1804.6	-	712.9)	/	2130
=	0.51

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2039.6	-	235
=	1804.6

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1001.3	-	280	-	8.4
=	712.9

* 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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NIB Holdings (ASX:NHF) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

3GU:Germany

Address

22 Honeysuckle Drive, Newcastle, NSW, AUS, 2300

Website

https://www.nib.com.au

NIB Holdings is Australia's fourth-largest health fund. It is a national provider of private health insurance, life insurance, travel insurance, and related healthcare services, with a growing presence in New Zealand. Approximately 55% of the population is covered by private health insurance because of taxation benefits, shorter wait times, a choice of doctor and hospital, and cover of ancillary health services.