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NMI Holdings (FRA:6NM) Scaled Net Operating Assets : 0.69 (As of Mar. 2024)


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What is NMI Holdings 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.

NMI Holdings's operating assets for the quarter that ended in Mar. 2024 was €2,427.8 Mil. NMI Holdings's operating liabilities for the quarter that ended in Mar. 2024 was €579.4 Mil. NMI Holdings's Total Assets for the quarter that ended in Dec. 2023 was €2,696.4 Mil. Therefore, NMI Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.69.

NMI Holdings 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.

NMI Holdings'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 )
=(2609.008-565.704)/2375.132
=0.86

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2696.445 - 87.437
=2609.008

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=930.299 - 364.595 - 0
=565.704

NMI Holdings'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 )
=(2427.761-579.352)/2696.445
=0.69

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2765.623 - 337.862
=2427.761

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=945.513 - 366.161 - 0
=579.352

* 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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NMI Holdings (FRA:6NM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NMI Holdings Inc (FRA:6NM) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
NMIH:USA
Address
2100 Powell Street, Emeryville, CA, USA, 94608
Website
https://www.nationalmi.com
NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.