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Hallmark Financial Services (Hallmark Financial Services) 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 $749.6 Mil. Hallmark Financial Services's operating liabilities for the quarter that ended in Sep. 2023 was $995.2 Mil. Hallmark Financial Services's Total Assets for the quarter that ended in Jun. 2023 was $1,249.3 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 )
=(1477.569-1371.045)/1553.598
=0.07

where

Operating Assets(A: Dec. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1536.702 - 59.133
=1477.569

Operating Liabilities(A: Dec. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1476.408 - 105.363 - 0
=1371.045

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 )
=(749.571-995.215)/1249.348
=-0.20

where

Operating Assets(Q: Sep. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1092.922 - 343.351
=749.571

Operating Liabilities(Q: Sep. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1100.69 - 105.475 - 0
=995.215

* 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.

Hallmark Financial Services Scaled Net Operating Assets Related Terms

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Hallmark Financial Services (Hallmark Financial Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hallmark Financial Services Inc (OTCPK:HALL) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
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.
Executives
Doug Slape director 5420 LYNDON B JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Christopher James Kenney officer: Chief Accounting Officer 5420 LYNDON B JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240-2345
Naveen Anand officer: President & CEO 777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Scott T Berlin director 14651 DALLAS PARKWAY STE 900, DALLAS TX 75254
James H Graves director ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Jeffrey R Passmore officer: CHIEF ACCOUNTING OFFICER 777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Mark E Pape director 12050 MEADOW LAKE DRIVE, ARGYLE TX 76226
Kevin Kasitz officer: PRESIDENT OF SUBSIDIARY
Mark E Schwarz director, 10 percent owner, officer: C.E.O. & CHAIRMAN 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Mark J Morrison officer: CHIEF FINANCIAL OFFICER 777 W MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Ncm Services, Inc. 10 percent owner 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Schwarz 2012 Family Trust 10 percent owner 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Detroit Stoker Co other: See Explanation 1510 E. FIRST ST., MONROE MI 48161
Jim W Henderson director
Newcastle Special Opportunity Fund I, L.p. other: see attached explanation 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201