Methaq Takaful Insurance Co PSC (ADX:METHAQ) Scaled Net Operating Assets : 0.09 (As of Dec. 2020)

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What is Methaq Takaful Insurance Co 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.

Methaq Takaful Insurance Co PSC's operating assets for the quarter that ended in Dec. 2020 was د.إ682.8 Mil. Methaq Takaful Insurance Co PSC's operating liabilities for the quarter that ended in Dec. 2020 was د.إ618.8 Mil. Methaq Takaful Insurance Co PSC's Total Assets for the quarter that ended in Sep. 2020 was د.إ682.1 Mil. Therefore, Methaq Takaful Insurance Co PSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2020 was 0.09.

Methaq Takaful Insurance Co 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.

Methaq Takaful Insurance Co PSC's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2020 )
=	(Operating Assets (A: Dec. 2020 )	-	Operating Liabilities (A: Dec. 2020 ))	/	Total Assets (A: Dec. 2019 )
=	(699.774	-	618.809)	/	685.345
=	0.12

where

	Operating Assets		(A: Dec. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	711.115	-	11.341
=	699.774

	Operating Liabilities		(A: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	618.809	-	0	-	0
=	618.809

Methaq Takaful Insurance Co PSC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2020 )
=	(Operating Assets (Q: Dec. 2020 )	-	Operating Liabilities (Q: Dec. 2020 ))	/	Total Assets (Q: Sep. 2020 )
=	(682.774	-	618.809)	/	682.129
=	0.09

where

	Operating Assets		(Q: Dec. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	711.115	-	28.341
=	682.774

	Operating Liabilities		(Q: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	618.809	-	0	-	0
=	618.809

* 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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Methaq Takaful Insurance Co PSC (ADX:METHAQ) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Delma 13th Street, Behind Judicial Court, P.O. Box 32774, Building Number: C54, Opposite Al Fara'a Co Tower, Abu Dhabi, ARE

Website

http://www.methaq.ae

Methaq Takaful Insurance Co PSC offers a range of insurance and reinsurance products and services to individuals and corporates. The objective of the company is to offer Individuals and Corporations a complete range of high quality, flexible, integrated, Shariah-compliant insurance products & services, in association with selected Distribution Partners. Its product line includes accident, travel, marine and air transport insurance and reinsurance products, among others.