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Al-Etihad Cooperative Insurance Co (SAU:8170) Scaled Net Operating Assets : 0.29 (As of Mar. 2024)


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What is Al-Etihad Cooperative Insurance Co 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.

Al-Etihad Cooperative Insurance Co's operating assets for the quarter that ended in Mar. 2024 was ﷼1,645 Mil. Al-Etihad Cooperative Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was ﷼1,097 Mil. Al-Etihad Cooperative Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼1,870 Mil. Therefore, Al-Etihad Cooperative Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.29.

Al-Etihad Cooperative Insurance Co 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.

Al-Etihad Cooperative Insurance Co'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 )
=(1792.439-1192.347)/1515.459
=0.40

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1869.813 - 77.374
=1792.439

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1198.193 - 5.846 - 0
=1192.347

Al-Etihad Cooperative Insurance Co'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 )
=(1644.725-1096.999)/1869.813
=0.29

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1774.87 - 130.145
=1644.725

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1100.59 - 3.591 - 0
=1096.999

* 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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Al-Etihad Cooperative Insurance Co (SAU:8170) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Etihad Cooperative Insurance Co (SAU:8170) » Definitions » Scaled Net Operating Assets
Comparable Companies
SAU:8040 SAU:8300 SAU:8280 SAU:8270 SAU:8120 SAU:8240 SAU:8310 SAU:8312 SAU:8100 SAU:8260 BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO
Traded in Other Exchanges
N/A
Address
8514 King Fahad bin Abdulaziz Road, P. O. Box 1022, Al Abdulkarim Tower, Unit No 15, Al-Qashlah District, Dhahran, SAU, 34232-4233
Website
https://www.aletihad.sa
Al-Etihad Cooperative Insurance Co provides insurance and reinsurance services in Saudi Arabia. It offers services through the segments of Medical insurance, Property insurance, Engineering, Motor insurance, General accident, and others. The company principally operates in Saudi Arabia and derives key revenue from the Motor insurance segment.