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Kuwait Insurance Co (KUW:KINS) Scaled Net Operating Assets : 0.23 (As of Mar. 2024)


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What is Kuwait 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.

Kuwait Insurance Co's operating assets for the quarter that ended in Mar. 2024 was KWD137.17 Mil. Kuwait Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was KWD85.90 Mil. Kuwait Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was KWD226.49 Mil. Therefore, Kuwait Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.23.

Kuwait 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.

Kuwait 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 )
=(211.028-84.657)/212.078
=0.60

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=226.49 - 15.462
=211.028

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=84.657 - 0 - 0
=84.657

Kuwait 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 )
=(137.166-85.9)/226.49
=0.23

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=243.289 - 106.123
=137.166

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=85.9 - 0 - 0
=85.9

* 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.

Kuwait Insurance Co Scaled Net Operating Assets Related Terms

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Kuwait Insurance Co (KUW:KINS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kuwait Insurance Co (KUW:KINS) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
Abdullah Al Salem Street, P.O. Box 769, Kuwait Insurance House, Safat, Kuwait City, KWT, 13008
Website
http://www.kic-kw.com
Kuwait Insurance Co underwrites life and non-life insurance risks such as fire, general accidents, marine and aviation and others, lends funds against life insurance policies and invests in permitted securities and real estate properties. It provides many Marine Insurance Services required for individuals and groups, to compensate for loss of and/or damage to the insured goods during transportation from one place to another.