Loews (L) Scaled Net Operating Assets : -0.26 (As of Dec. 2023)

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What is Loews 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.

Loews's operating assets for the quarter that ended in Dec. 2023 was $33,977 Mil. Loews's operating liabilities for the quarter that ended in Dec. 2023 was $53,669 Mil. Loews's Total Assets for the quarter that ended in Sep. 2023 was $76,469 Mil. Therefore, Loews's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.26.

Loews 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.

Loews'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 )
=	(78798	-	53669)	/	75567
=	0.33

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	79197	-	399
=	78798

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	62672	-	7919	-	1084
=	53669

Loews's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(33977	-	53669)	/	76469
=	-0.26

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	79197	-	45220
=	33977

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	62672	-	7919	-	1084
=	53669

* 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.

Loews Scaled Net Operating Assets Related Terms

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Loews (L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Loews Corp (NYSE:L) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

LTR:Germany

Address

667 Madison Avenue, New York, NY, USA, 10065-8087

Website

https://www.loews.com

Loews Corp is a holding company that is supported by a variety of businesses. Its largest subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels.

Executives

Andrew H Tisch	director	667 MADISON AVE, NEW YORK NY 10021-8087
Jonathan M Tisch	director, officer: Co-Ch. of Bd/Off. of the Pres.	667 MADISON AVENUE, NEW YORK NY 10021-8087
Ann E Berman	director	255 STATE STREET, BOSTON MA 02109
Anthony Welters	director
Paul J Fribourg	director	667 MADISON AVE, NEW YORK NY 10021
Walter L Harris	director	TANENBAUM HARBER CO, 320 W 57TH STREET, NEW YORK NY 10019
Charles M Diker	director	ONE NEW YORK PLAZA, NEW YORK NY 10004
Joseph L Bower	director	667 MADISON AVE, NEW YORK NY 10021
Kenneth I Siegel	officer: Senior Vice President	667 MADISON AVENUE, NEW YORK NY 10065
Jonathan C Locker	director	C/O LOEWS CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019
Charles D Davidson	director	QUANTUM ENERGY PARTNERS, 1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
Richard Waldo Scott	officer: SVP & Chief Investment Officer	667 MADISON AVENUE, NEW YORK NY 10065
Benjamin J Tisch	officer: Sr. VP, Corp Dev and Strategy	667 MADISON AVE, NEW YORK NY 10065
Marc A Alpert	officer: Sr. VP, Gen. Coun. & Secy.	667 MADISON AVENUE, NEW YORK NY 10065
Mark S Schwartz	officer: V.P., C.A.O. and Treasurer	C/O LOEWS CORPORATION, 667 MADISON AVENUE, NEW YORK NY 10065-8087