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First Takaful Insurance Co KCSC (KUW:FTI) Scaled Net Operating Assets : 0.46 (As of Mar. 2024)


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What is First Takaful Insurance Co KCSC 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.

First Takaful Insurance Co KCSC's operating assets for the quarter that ended in Mar. 2024 was KWD9.70 Mil. First Takaful Insurance Co KCSC's operating liabilities for the quarter that ended in Mar. 2024 was KWD3.81 Mil. First Takaful Insurance Co KCSC's Total Assets for the quarter that ended in Dec. 2023 was KWD12.75 Mil. Therefore, First Takaful Insurance Co KCSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.46.

First Takaful Insurance Co KCSC 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.

First Takaful Insurance Co KCSC'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 )
=(12.078-3.064)/13.288
=0.68

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12.749 - 0.671
=12.078

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.064 - 0 - 0
=3.064

First Takaful Insurance Co KCSC'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 )
=(9.699-3.808)/12.749
=0.46

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=13.45 - 3.751
=9.699

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3.808 - 0 - 0
=3.808

* 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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First Takaful Insurance Co KCSC (KUW:FTI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Takaful Insurance Co KCSC (KUW:FTI) » Definitions » Scaled Net Operating Assets
Comparable Companies
KUW:WETHAQ KUW:WINSRE 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
Traded in Other Exchanges
N/A
Address
Al Qibla - Abdullah Al-Mubarak Street, 1st Floor, Office No. 6, P.O. Box 5713, Souq Al-Safat Building, Kuwait, KWT, 13058
Website
https://www.firsttakaful.com.kw
First Takaful Insurance Co KCSC is engaged in carrying out all types of insurance takaful activities and related activities, including insurance and reinsurance, and investing the funds available to the company in various activities. The company's product line consists of life and medical, fire and general accidents, motor, and marine, and aviation. Geographically the company provides its services only to the Kuwait market.