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BOW (Bowhead Specialty Holdings) Scaled Net Operating Assets : -0.25 (As of Jun. 2024)


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What is Bowhead Specialty Holdings 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.

Bowhead Specialty Holdings's operating assets for the quarter that ended in Jun. 2024 was $772.7 Mil. Bowhead Specialty Holdings's operating liabilities for the quarter that ended in Jun. 2024 was $1,055.3 Mil. Bowhead Specialty Holdings's Total Assets for the quarter that ended in Mar. 2024 was $1,114.5 Mil. Therefore, Bowhead Specialty Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was -0.25.

Bowhead Specialty Holdings 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.

Bowhead Specialty Holdings'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 )
=(909.789-835.782)/565.207
=0.13

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1027.859 - 118.07
=909.789

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=835.782 - 0 - 0
=835.782

Bowhead Specialty Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Mar. 2024 )
=(772.74-1055.262)/1114.545
=-0.25

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1395.173 - 622.433
=772.74

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1055.262 - 0 - 0
=1055.262

* 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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Bowhead Specialty Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Bowhead Specialty Holdings Inc (NYSE:BOW) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
1411 Broadway, Suite 3800, New York, NY, USA, 10018
Website
https://www.bowheadspecialty.com
Bowhead Specialty Holdings Inc is engaged in providing specialty P&C products. It is a specialty insurance group that generates revenues by underwriting and offering a variety of specialty insurance products to domestic markets through three distinct underwriting divisions: Casualty, Professional Liability and Healthcare. Casualty specialize in GL coverage for risks in the construction, distribution, heavy manufacturing, real estate and hospitality segments and also consider underwriting risks in a broader range of industries. Key revenue is generated from Casualty segment.