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Hagerty (Hagerty) Scaled Net Operating Assets : 0.27 (As of Mar. 2024)


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What is Hagerty 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.

Hagerty's operating assets for the quarter that ended in Mar. 2024 was $1,439 Mil. Hagerty's operating liabilities for the quarter that ended in Mar. 2024 was $1,009 Mil. Hagerty's Total Assets for the quarter that ended in Dec. 2023 was $1,588 Mil. Therefore, Hagerty's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.27.

Hagerty 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.

Hagerty'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 )
=(1479.886-996.564)/1312.518
=0.37

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1588.212 - 108.326
=1479.886

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1177.703 - 81.753 - 99.386
=996.564

Hagerty'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 )
=(1439.041-1008.761)/1588.212
=0.27

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1570.248 - 131.207
=1439.041

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1149.429 - 80.096 - 60.572
=1008.761

* 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.

Hagerty Scaled Net Operating Assets Related Terms

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Hagerty (Hagerty) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hagerty Inc (NYSE:HGTY) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
121 Drivers Edge, Traverse, MI, USA, 49684
Website
https://www.hagerty.com
Hagerty Inc is a provider of specialty automotive insurance. It offers insurance for cars, boats, trucks, motorcycles, tractors, motorsports and others. Substantial revenue is derived from Commission and fees. Geographically it serves Europe, Canada and the United States.
Executives
Laurie Harris director C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BOULEVARD, BRIDGEWATER TOWNSHIP NJ 08807
Patrick Mcclymont officer: Chief Financial Officer 902 BROADWAY, 20TH FLOOR, IMAX CORPORATION, NEW YORK NY 10010-6002
Kenneth Ahn officer: President, Hagerty Marketplace C/O BRIMSTONE ACQUISITION HOLDINGS CORP., 500 SOUTH POINTE DRIVE, SUITE 240, MIAMI BEACH FL 33139
William H Swanson director 870 WINTER STREET, WALTHAM MA 02451
Kelly Edward Smith officer: Chief Strategy Officer 2310 W. THREE LAKES DR., MERIDIAN ID 83646
John Carlisle Butcher officer: President 18 THOMASINA LN., DARIEN CT 06820
Hagerty Holding Corp. 10 percent owner 121 DRIVERS EDGE, TRAVERSE CITY MI 49684
Mika Salmi director GSTEIGSTRASSE 17, ERLENBACH V8 8703
Mckeel Hagerty director, officer: Chief Executive Officer 175 WILSON RD., TRAVERSE CITY MI 49686
Frederick Turcotte officer: Chief Financial Officer 579 HIDDEN RIDGE DR., TRAVERSE CITY MI 49686
Champagne Collette officer: Chief Operating Officer 510 SIXTH ST., TRAVERSE CITY MI 49684
Barbara E Matthews officer: SVP, Gen. Counsel & Corp Secr. 323 GREEN ACRES LN., ELK RAPIDS MI 49629
Paul Rehrig officer: Pres. of Hagerty Media & Entmt 13821 W. 87TH DR., ARVADA CO 80005
Michael L. Tipsord director STATE FARM INSURANCE COMPANYS, 1 STATE FARM PLAZA, BLOOMINGTON IL 61710
Sabrina Kay director 30930 RUSSELL RANCH ROAD, SUITE 300, WESTLAKE VILLAGE CA 91362