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Radian Group (STU:RAG) Scaled Net Operating Assets : 0.03 (As of Mar. 2024)


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What is Radian Group 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.

Radian Group's operating assets for the quarter that ended in Mar. 2024 was €1,675 Mil. Radian Group's operating liabilities for the quarter that ended in Mar. 2024 was €1,472 Mil. Radian Group's Total Assets for the quarter that ended in Dec. 2023 was €6,964 Mil. Therefore, Radian Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.03.

Radian Group 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.

Radian Group'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 )
=(6946.215-1521.184)/6668.16
=0.81

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6963.637 - 17.422
=6946.215

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2930.849 - 1409.665 - 0
=1521.184

Radian Group'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 )
=(1674.678-1471.698)/6963.637
=0.03

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7139.076 - 5464.398
=1674.678

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3054.522 - 1117.093 - 465.731
=1471.698

* 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.

Radian Group Scaled Net Operating Assets Related Terms

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Radian Group (STU:RAG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Radian Group Inc (STU:RAG) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
RDN:USA
Address
550 East Swedesford Road, Suite 350, Wayne, PA, USA, 19087
Website
https://www.radian.com
Radian Group Inc provides mortgage insurance and services to the real estate and mortgage finance industries. Radian's mortgage insurance provides coverage to lending institutions throughout the United States. Its services include analytics and consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities and other asset-backed securities. Insurance premiums account for more than three fourths of the company's revenue. Services revenue and investment income are the other principal sources of revenue. It operates in two segments: Mortgage and homegenius. The Mortgage segment earns the majority of revenue.