MBIA (STU:MBJ) Scaled Net Operating Assets : -0.08 (As of Mar. 2024)

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What is MBIA 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.

MBIA's operating assets for the quarter that ended in Mar. 2024 was €799.48 Mil. MBIA's operating liabilities for the quarter that ended in Mar. 2024 was €991.76 Mil. MBIA's Total Assets for the quarter that ended in Dec. 2023 was €2,389.70 Mil. Therefore, MBIA's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.08.

MBIA 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.

MBIA'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 )
=	(2291.583	-	999.53)	/	3186
=	0.41

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2389.702	-	98.119
=	2291.583

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3900.001	-	2900.471	-	0
=	999.53

MBIA'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 )
=	(799.48	-	991.76)	/	2389.702
=	-0.08

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2288.96	-	1489.48
=	799.48

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3874.12	-	2882.36	-	0
=	991.76

* 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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MBIA (STU:MBJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MBIA Inc (STU:MBJ) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MBI:USA MBJ:Germany

Address

1 Manhattanville Road, Suite 301, Purchase, NY, USA, 10577

Website

https://www.mbia.com

MBIA Inc provides financial guaranty insurance for municipal bonds and asset-backed securities in the United States and internationally. It offers an unconditional guarantee to repay the principal and interest on these securities if the issuer defaults. MBIA insures bonds sold in the primary and secondary markets, as well as those held in unit investment trusts and by mutual funds. It operates in three segments: the United States public finance insurance, corporate, and international & structured finance insurance. U.S. public finance insurance portfolio is managed through National Public Finance Guarantee Corporation. International & structured finance insurance business is managed through MBIA Insurance Corporation and its subsidiary.