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Essent Group (LTS:0U95) Scaled Net Operating Assets : 0.02 (As of Mar. 2024)


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What is Essent 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.

Essent Group's operating assets for the quarter that ended in Mar. 2024 was $1,032 Mil. Essent Group's operating liabilities for the quarter that ended in Mar. 2024 was $917 Mil. Essent Group's Total Assets for the quarter that ended in Dec. 2023 was $6,427 Mil. Therefore, Essent Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.02.

Essent 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.

Essent 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 )
=(6284.886-902.203)/5723.797
=0.94

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6426.673 - 141.787
=6284.886

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1324.123 - 0 - 421.92
=902.203

Essent 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 )
=(1031.654-916.645)/6426.673
=0.02

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6564.983 - 5533.329
=1031.654

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1338.829 - 0 - 422.184
=916.645

* 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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Essent Group (LTS:0U95) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Essent Group Ltd (LTS:0U95) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
ESNT:USA
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM 11
Website
https://ir.essentgroup.com
Essent Group Ltd is a private mortgage insurance company in the United States. Essent provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.