Insurance House PSC (ADX:IH) Scaled Net Operating Assets : -0.03 (As of Sep. 2023)

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What is Insurance House PSC 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.

Insurance House PSC's operating assets for the quarter that ended in Sep. 2023 was د.إ219.4 Mil. Insurance House PSC's operating liabilities for the quarter that ended in Sep. 2023 was د.إ227.1 Mil. Insurance House PSC's Total Assets for the quarter that ended in Jun. 2023 was د.إ280.4 Mil. Therefore, Insurance House PSC's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was -0.03.

Insurance House PSC 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.

Insurance House PSC's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(417.901	-	313.773)	/	385.659
=	0.27

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	459.832	-	41.931
=	417.901

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	313.773	-	0	-	0
=	313.773

Insurance House PSC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(219.369	-	227.103)	/	280.36
=	-0.03

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	263.201	-	43.832
=	219.369

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	227.103	-	0	-	0
=	227.103

* 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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Insurance House PSC (ADX:IH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Insurance House PSC (ADX:IH) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Finance House Building, Zayed 1st Street, P.O.Box 129921, Khalidiya Area, Abu Dhabi, ARE

Website

https://www.insurancehouse.ae

Insurance House PSC provides various non-life insurance products in the United Arab Emirates. The products and services offered by the company include accidents and civil responsibility insurance, land, marine and air transportation, dangers insurance and health insurance. The company is organized into two business segments comprising Underwriting of general insurance business and Investments. Underwriting of general insurance business segment incorporates all classes of general insurance, fire, marine, motor, general accident and medical. Investments segment incorporates investments in UAE marketable equity securities, term deposits with banks, overseas managed portfolios, and other securities.