Ithmaar Holding BSC (BAH:ITHMR) Scaled Net Operating Assets : 0.01 (As of Mar. 2024)

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What is Ithmaar Holding BSC 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.

Ithmaar Holding BSC's operating assets for the quarter that ended in Mar. 2024 was $6,487.6 Mil. Ithmaar Holding BSC's operating liabilities for the quarter that ended in Mar. 2024 was $6,440.7 Mil. Ithmaar Holding BSC's Total Assets for the quarter that ended in Dec. 2023 was $6,104.6 Mil. Therefore, Ithmaar Holding BSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.01.

Ithmaar Holding BSC 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.

Ithmaar Holding BSC'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 )
=	(5723.635	-	5873.953)	/	6055.489
=	-0.02

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	6104.574	-	380.939
=	5723.635

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	5942.435	-	68.482	-	0
=	5873.953

Ithmaar Holding BSC'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 )
=	(6487.616	-	6440.726)	/	6104.574
=	0.01

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	6592.554	-	104.938
=	6487.616

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6440.726	-	0	-	0
=	6440.726

* 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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Ithmaar Holding BSC (BAH:ITHMR) Business Description

Industry

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Traded in Other Exchanges

ITHMR:United Arab Emirates

Address

Seef Tower, P.O. Box 2820, Seef District, Manama, BHR

Website

https://www.ithmaarholding.com

Ithmaar Holding BSC is engaged in providing financial services, including retail, commercial, asset management, private banking, takaful, equipment leasing, and real estate development. It also acts as a manager, on a trustee basis of funds deposited for investment in accordance with Islamic laws and principles, particularly regarding the prohibition of receiving or paying interest. The group's business segment includes Retail and Corporate banking, where it receives customer funds, and deposits and extends financing to its retail and corporate clients; Asset Management/ Investment Banking, where it directly participates in investment opportunities and Others.