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Fidelity National Financial (FRA:F1EF) Scaled Net Operating Assets : -0.19 (As of Mar. 2024)


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What is Fidelity National 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.

Fidelity National Financial's operating assets for the quarter that ended in Mar. 2024 was €52,874 Mil. Fidelity National Financial's operating liabilities for the quarter that ended in Mar. 2024 was €66,594 Mil. Fidelity National Financial's Total Assets for the quarter that ended in Dec. 2023 was €73,923 Mil. Therefore, Fidelity National Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.19.

Fidelity National 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.

Fidelity National 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 )
=(71625.953-63156.541)/61494.992
=0.14

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=73923.038 - 2297.085
=71625.953

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=67082.218 - 3925.677 - 0
=63156.541

Fidelity National 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 )
=(52874.24-66594.2)/73923.038
=-0.19

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=77736.32 - 24862.08
=52874.24

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=70526.28 - 3932.08 - 0
=66594.2

* 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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Fidelity National Financial (FRA:F1EF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fidelity National Financial Inc (FRA:F1EF) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
FNF:USA
Address
601 Riverside Avenue, Jacksonville, FL, USA, 32204
Website
https://www.fnf.com
Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&G, Corporate and Other. The title segment that derives majority revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.