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Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) Scaled Net Operating Assets : 0.77 (As of Mar. 2024)


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What is Wethaq 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.

Wethaq Takaful Insurance Co KCSC's operating assets for the quarter that ended in Mar. 2024 was KWD3.40 Mil. Wethaq Takaful Insurance Co KCSC's operating liabilities for the quarter that ended in Mar. 2024 was KWD0.14 Mil. Wethaq Takaful Insurance Co KCSC's Total Assets for the quarter that ended in Dec. 2023 was KWD4.22 Mil. Therefore, Wethaq Takaful Insurance Co KCSC's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.77.

Wethaq 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.

Wethaq 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 )
=(4.122-0.147)/4.226
=0.94

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4.217 - 0.095
=4.122

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.147 - 0 - 0
=0.147

Wethaq 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 )
=(3.403-0.14)/4.217
=0.77

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4.274 - 0.871
=3.403

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.14 - 0 - 0
=0.14

* 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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Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Wethaq Takaful Insurance Co KCSC (KUW:WETHAQ) » Definitions » Scaled Net Operating Assets
Comparable Companies
KUW:FTI 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
Khaled Bin Al Waleed Street, P.O. Box 371 City Tower, Sharq, 11 & 12 & Ground Floors, Safat, Kuwait City, KWT, 13004
Website
https://www.wethaq.com
Wethaq Takaful Insurance Co KCSC is engaged in the takaful, mutual, and retakaful insurance business. The company's core business activities are categorized into two key segments - Investment and Takaful Insurance. The majority of its revenue is derived from the Takaful Insurance segment. Its product portfolio comprises motors insurance, fire and property, construction and engineering, liabilities, health and life, financial, marine, and aviation insurance.