Security National Financial (FRA:XSNA) Scaled Net Operating Assets : 0.12 (As of Mar. 2024)

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What is Security 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.

Security National Financial's operating assets for the quarter that ended in Mar. 2024 was €1,092.5 Mil. Security National Financial's operating liabilities for the quarter that ended in Mar. 2024 was €940.3 Mil. Security National Financial's Total Assets for the quarter that ended in Dec. 2023 was €1,311.8 Mil. Therefore, Security National Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.12.

Security 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.

Security 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 )
=	(1195.41	-	928.097)	/	1379.291
=	0.19

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1311.816	-	116.406
=	1195.41

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1024.891	-	89.704	-	7.09
=	928.097

Security 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 )
=	(1092.495	-	940.298)	/	1311.816
=	0.12

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1330.782	-	238.287
=	1092.495

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1036.286	-	95.988	-	0
=	940.298

* 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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Security National Financial (FRA:XSNA) Business Description

Industry

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SNFCA:USA

Address

433 West Ascension Way, Salt Lake City, UT, USA, 84123

Website

https://www.securitynational.com

Security National Financial Corp is engaged in the life insurance, cemetery and mortuary, and mortgage loan businesses. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance. Its cemetery and mortuary segment consists of approximately seven mortuaries and five cemeteries in the state of Utah and a cemetery in the state of California. The mortgage loan segment originates and underwrites or otherwise purchases residential and commercial loans for new construction, existing homes, and real estate projects. Geographically all the business activity is functioned through the region of the USA and it derives the majority of revenue from Mortgage segment.