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Oscar Health (Oscar Health) Scaled Net Operating Assets : -0.42 (As of Mar. 2024)


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What is Oscar Health 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.

Oscar Health's operating assets for the quarter that ended in Mar. 2024 was $1,572 Mil. Oscar Health's operating liabilities for the quarter that ended in Mar. 2024 was $3,086 Mil. Oscar Health's Total Assets for the quarter that ended in Dec. 2023 was $3,601 Mil. Therefore, Oscar Health's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.42.

Oscar Health 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.

Oscar Health'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 )
=(1731.165-2496.586)/4526.601
=-0.17

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3601.48 - 1870.315
=1731.165

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2795.363 - 298.777 - 0
=2496.586

Oscar Health'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 )
=(1571.92-3085.594)/3601.48
=-0.42

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4418.853 - 2846.933
=1571.92

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3384.566 - 298.972 - 0
=3085.594

* 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.

Oscar Health Scaled Net Operating Assets Related Terms

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Oscar Health (Oscar Health) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Oscar Health Inc (NYSE:OSCR) » Definitions » Scaled Net Operating Assets
Comparable Companies
ALHC CLOV BHG PFHO MRAI UNH ELV CI CVS HUM CNC MOH SZSE:000503 BSP:ODPV3 BSP:QUAL3 ROCO:6665 MIL:HI TSXV:NXG
Traded in Other Exchanges
N/A
Address
75 Varick Street, 5th Floor, New York, NY, USA, 10013
Website
https://www.hioscar.com
Oscar Health Inc is a health insurance company. The company provides various insurance plans for individuals, families, and employees. Also, the company provides virtual care, doctor support, scheduling appointments, and other related services. The company provides plans in the Medicare Advantage program to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan.
Executives
Alessandrea C. Quane officer: EVP, Chief Insurance Officer 175 WATER STREET, NEW YORK NY 10038
Richard Scott Blackley officer: Chief Financial Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ranmali Bopitiya officer: EVP & Chief Legal Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Victoria Baltrus officer: Chief Accounting Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Mario Schlosser director, officer: Chief Executive Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Sid Sankaran director, officer: Chief Financial Officer 180 MAIDEN LANE, NEW YORK NY 10038
Alphabet Inc. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Mark T Bertolini director, officer: Chief Executive Officer AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
William Gassen director 75 VARICK STREET, 5TH FLOOR, NEW YORK CITY NY 10013
Laura W Lang director DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199
Dennis Weaver officer: Chief Clinical Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Meghan V. Joyce officer: Chief Operating Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Thrive Partners Vii Growth Gp, Llc 10 percent owner 295 LAFAYETTE STREET, NEW YORK NY 10012
Joshua Kushner director, 10 percent owner, officer: See Remarks C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Thrive Partners Vii Gp, Llc 10 percent owner 295 LAFAYETTE STREET, NEW YORK NY 10012