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Jubilee General Insurance Co (KAR:JGICL) Scaled Net Operating Assets : -0.28 (As of Mar. 2024)


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What is Jubilee General Insurance Co 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.

Jubilee General Insurance Co's operating assets for the quarter that ended in Mar. 2024 was ₨17,823 Mil. Jubilee General Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was ₨28,066 Mil. Jubilee General Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was ₨37,235 Mil. Therefore, Jubilee General Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.28.

Jubilee General Insurance Co 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.

Jubilee General Insurance Co'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 )
=(34190.974-23757.993)/32117.607
=0.32

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=37234.539 - 3043.565
=34190.974

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23757.993 - 0 - 0
=23757.993

Jubilee General Insurance Co'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 )
=(17822.549-28065.853)/37234.539
=-0.28

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=42389.337 - 24566.788
=17822.549

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=28065.853 - 0 - 0
=28065.853

* 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.

Jubilee General Insurance Co Scaled Net Operating Assets Related Terms

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Jubilee General Insurance Co (KAR:JGICL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jubilee General Insurance Co Ltd (KAR:JGICL) » Definitions » Scaled Net Operating Assets
Comparable Companies
KAR:EFUL BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO XSWX:SLHN XTER:TLX LSE:AV. BSP:BBSE3 OCSE:TRYG XAMS:AGN EQH XAMS:NN BOM:540716
Traded in Other Exchanges
N/A
Address
I. I. Chundrigar Road, 2nd Floor, Jubilee Insurance House, Karachi, PAK, 74000
Website
https://www.jubileegeneral.com.pk
Jubilee General Insurance Co Ltd is engaged in the insurance business sector. The Company has six business segments for reporting purposes namely fire, marine, motor, accident and health, liability and miscellaneous. It generates majority of its revenue from the Fire and Property segment followed by the Accident and Health. The Company operates in Pakistan and provides the service of assurance to its clients all over the Country through its operative branches.