National Takaful Co (Watania) PJSC (ADX:WATANIA) Scaled Net Operating Assets : -0.07 (As of Dec. 2021)

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What is National Takaful Co (Watania) PJSC 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.

National Takaful Co (Watania) PJSC's operating assets for the quarter that ended in Dec. 2021 was د.إ360.8 Mil. National Takaful Co (Watania) PJSC's operating liabilities for the quarter that ended in Dec. 2021 was د.إ395.4 Mil. National Takaful Co (Watania) PJSC's Total Assets for the quarter that ended in Sep. 2021 was د.إ503.4 Mil. Therefore, National Takaful Co (Watania) PJSC's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2021 was -0.07.

National Takaful Co (Watania) PJSC 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.

National Takaful Co (Watania) PJSC's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2021 )
=	(Operating Assets (A: Dec. 2021 )	-	Operating Liabilities (A: Dec. 2021 ))	/	Total Assets (A: Dec. 2020 )
=	(459.663	-	395.387)	/	516.293
=	0.12

where

	Operating Assets		(A: Dec. 2021 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	511.322	-	51.659
=	459.663

	Operating Liabilities		(A: Dec. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	399.626	-	4.239	-	0
=	395.387

National Takaful Co (Watania) PJSC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2021 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2021 )
=	(Operating Assets (Q: Dec. 2021 )	-	Operating Liabilities (Q: Dec. 2021 ))	/	Total Assets (Q: Sep. 2021 )
=	(360.757	-	395.387)	/	503.409
=	-0.07

where

	Operating Assets		(Q: Dec. 2021 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	511.322	-	150.565
=	360.757

	Operating Liabilities		(Q: Dec. 2021 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	399.626	-	4.239	-	0
=	395.387

* 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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National Takaful Co (Watania) PJSC (ADX:WATANIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National Takaful Co (Watania) PJSC (ADX:WATANIA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Muroor Road (4th Street), Al Jazira Sports Complex, P.O. Box 6457, 4th Floor, Tower A, Opposite to Dusit Thani Hotel, Abu Dhabi, ARE

Website

http://www.watania.ae

National Takaful Co (Watania) PJSC is primarily engaged in providing all classes of non-family takaful solutions. The company underwrites mainly medical, property, engineering, motor, miscellaneous accident, marine and personal accident classes. The segments of the company are Medical and Non-Medical. The company operates its business in the United States of Emirates.