Buruj Cooperative Insurance Co (SAU:8270) Scaled Net Operating Assets : 0.37 (As of Mar. 2024)

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What is Buruj 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.

Buruj Cooperative Insurance Co's operating assets for the quarter that ended in Mar. 2024 was ﷼675.9 Mil. Buruj Cooperative Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was ﷼360.2 Mil. Buruj Cooperative Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼847.6 Mil. Therefore, Buruj Cooperative Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.37.

Buruj 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.

Buruj 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 )
=	(748.674	-	402.802)	/	752.057
=	0.46

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	847.638	-	98.964
=	748.674

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	402.802	-	0	-	0
=	402.802

Buruj 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 )
=	(675.857	-	360.203)	/	847.638
=	0.37

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	808.862	-	133.005
=	675.857

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	360.203	-	0	-	0
=	360.203

* 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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Buruj Cooperative Insurance Co (SAU:8270) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Thomamah Road, P.O. Box 51855, An Nada, Riyadh, SAU, 11553

Website

https://www.burujinsurance.com

Buruj Cooperative Insurance Co is a multi-line insurance company. The objective of the company is to transact cooperative insurance business and related activities in the Kingdom of Saudi Arabia. Its principal lines of business include all classes of general insurance. The company provides insurance in the areas of Motor, Medical, Property and casualty, Marine, and others, of which key revenue is derived from the Motor Insurance. The Company has five reportable operating segments as follows: Motor insurance, Medical products, Property, Marine products and Others which include Engineering products and General Accident.