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Definity Financial (Definity Financial) Scaled Net Operating Assets : 0.38 (As of Mar. 2024)


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What is Definity Financial 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.

Definity Financial's operating assets for the quarter that ended in Mar. 2024 was $5,015 Mil. Definity Financial's operating liabilities for the quarter that ended in Mar. 2024 was $2,934 Mil. Definity Financial's Total Assets for the quarter that ended in Dec. 2023 was $5,411 Mil. Therefore, Definity Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.38.

Definity Financial 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.

Definity Financial'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 )
=(5263.864-2972.868)/5020.022
=0.46

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5411.076 - 147.212
=5263.864

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3169.797 - 111.732 - 85.197
=2972.868

Definity Financial'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 )
=(5014.997-2934.398)/5411.076
=0.38

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5328.457 - 313.46
=5014.997

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3047.134 - 112.736 - 0
=2934.398

* 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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Definity Financial (Definity Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Definity Financial Corp (OTCPK:DFYFF) » Definitions » Scaled Net Operating Assets
Comparable Companies
Traded in Other Exchanges
DFY:Canada
Address
111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6
Website
https://www.definityfinancial.com
Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers. Its commercial insurance products include fleet, individually-rated commercial auto, property, liability, and specialty insurance products.