Atlantic Insurance Co Public (CYS:ATL) Scaled Net Operating Assets : 0.74 (As of Dec. 2023)

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What is Atlantic Insurance Co Public 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.

Atlantic Insurance Co Public's operating assets for the quarter that ended in Dec. 2023 was €75.93 Mil. Atlantic Insurance Co Public's operating liabilities for the quarter that ended in Dec. 2023 was €19.92 Mil. Atlantic Insurance Co Public's Total Assets for the quarter that ended in Jun. 2023 was €75.52 Mil. Therefore, Atlantic Insurance Co Public's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.74.

Atlantic Insurance Co Public 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.

Atlantic Insurance Co Public'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 )
=	(75.932	-	19.919)	/	70.996
=	0.79

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	78.779	-	2.847
=	75.932

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	19.993	-	0	-	0.074
=	19.919

Atlantic Insurance Co Public'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 )
=	(75.932	-	19.919)	/	75.524
=	0.74

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	78.779	-	2.847
=	75.932

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	19.993	-	0	-	0.074
=	19.919

* 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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Atlantic Insurance Co Public (CYS:ATL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Atlantic Insurance Co Public Ltd (CYS:ATL) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Esperidon Street, Atlantic Building, Strovolos, CYP, CY-2001

Website

https://www.atlantic.com.cy

Atlantic Insurance Co Public Ltd is an insurance company based in Cyprus. The company's operating segment includes general Insurance and Financial Services. It generates maximum revenue in the form of Premiums from the Insurance segment. The company offers undertaking of insurance business of the classes such as Motor, Household, Fire and Special Perils, Burglary, Medical, Personal Accident, Health Insurance, Travel, and Marine Cargo and other Property Damage, General Liability, Credit and Guarantees and miscellaneous, general business, the possession of land with the intention of its division into plots and their disposal and the provision of financial consultancy and brokerage services.