Hallmark Financial Services (FRA:SSB0) Scaled Net Operating Assets : -0.20 (As of Sep. 2023)

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What is Hallmark Financial Services 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.

Hallmark Financial Services's operating assets for the quarter that ended in Sep. 2023 was €702.3 Mil. Hallmark Financial Services's operating liabilities for the quarter that ended in Sep. 2023 was €932.5 Mil. Hallmark Financial Services's Total Assets for the quarter that ended in Jun. 2023 was €1,153.1 Mil. Therefore, Hallmark Financial Services's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was -0.20.

Hallmark Financial Services 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.

Hallmark Financial Services's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(1394.825	-	1294.266)	/	1374.934
=	0.07

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1450.647	-	55.822
=	1394.825

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1393.729	-	99.463	-	0
=	1294.266

Hallmark Financial Services's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(702.348	-	932.517)	/	1153.148
=	-0.20

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1024.068	-	321.72
=	702.348

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1031.347	-	98.83	-	0
=	932.517

* 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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Hallmark Financial Services (FRA:SSB0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hallmark Financial Services Inc (FRA:SSB0) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

HALL:USA

Address

5420 Lyndon B. Johnson Freeway, Suite 1100, Two Lincoln Centre, Dallas, TX, USA, 75240

Website

https://www.hallmarkgrp.com

Hallmark Financial Services Inc is an insurance holding company, which is engaged in the sale of property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting, and servicing insurance products, as well as providing other insurance-related services. The company operates in segments such as Standard Commercial Segment, Specialty Commercial Segment, and Personal Segment. Geographically, it operates through the region of United States and derives a majority of its revenue from Specialty Commercial Segment, which includes Commercial Auto business unit, E&S Casualty business unit, E&S Property business unit, Professional Liability business unit, and Aerospace & Programs business unit.