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FG Financial Group (FRA:LU5) Scaled Net Operating Assets : 1.08 (As of Mar. 2024)


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What is FG Financial Group 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.

FG Financial Group's operating assets for the quarter that ended in Mar. 2024 was €94.83 Mil. FG Financial Group's operating liabilities for the quarter that ended in Mar. 2024 was €29.53 Mil. FG Financial Group's Total Assets for the quarter that ended in Dec. 2023 was €60.28 Mil. Therefore, FG Financial Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 1.08.

FG Financial Group 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.

FG Financial Group'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 )
=(58.083-21.315)/46.704
=0.79

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=60.28 - 2.197
=58.083

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21.315 - 0 - 0
=21.315

FG Financial Group'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 )
=(94.825-29.531)/60.28
=1.08

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=101.457 - 6.632
=94.825

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=40.181 - 6.008 - 4.642
=29.531

* 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.

FG Financial Group Scaled Net Operating Assets Related Terms

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FG Financial Group (FRA:LU5) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » FG Financial Group Inc (FRA:LU5) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
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Address
104 S. Walnut Street, Unit 1A, Itasca, IL, USA, 60143
Website
https://www.fgfinancial.com
FG Financial Group Inc through its subsidiaries operates as diversified insurance, reinsurance, and investment management holding company. The company's segment includes Insurance and Asset Management. It generates maximum revenue from the Insurance segment.