GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Boulder Brands Inc (NAS:BDBD) » Definitions » Net-Net Working Capital

Boulder Brands (Boulder Brands) Net-Net Working Capital : $-5.08 (As of Sep. 2015)


View and export this data going back to . Start your Free Trial

What is Boulder Brands Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Boulder Brands's Net-Net Working Capital for the quarter that ended in Sep. 2015 was $-5.08.

The industry rank for Boulder Brands's Net-Net Working Capital or its related term are showing as below:

BDBD's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.46
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Boulder Brands Net-Net Working Capital Historical Data

The historical data trend for Boulder Brands's Net-Net Working Capital can be seen below:

* 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.

* Premium members only.

Boulder Brands Net-Net Working Capital Chart

Boulder Brands Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.78 -2.86 -5.03 -5.81 -5.15

Boulder Brands Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.36 -5.15 -5.16 -5.19 -5.08

Competitive Comparison of Boulder Brands's Net-Net Working Capital

For the Packaged Foods subindustry, Boulder Brands's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Boulder Brands's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Boulder Brands's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Boulder Brands's Price-to-Net-Net-Working-Capital falls into.



Boulder Brands Net-Net Working Capital Calculation

Boulder Brands's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2014 is calculated as

Net-Net Working Capital(A: Dec. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(31.66+0.75 * 44.774+0.5 * 52.888-405.433
-0-1.278)/61.1857
=-5.15

Boulder Brands's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2015 is calculated as

Net-Net Working Capital(Q: Sep. 2015 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(23.883+0.75 * 47.225+0.5 * 63.35-403.216
-0-0.751)/61.6001
=-5.08

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Boulder Brands  (NAS:BDBD) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Boulder Brands Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Boulder Brands's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Boulder Brands (Boulder Brands) Business Description

Traded in Other Exchanges
N/A
Address
Boulder Brands Inc, a Delaware corporation was incorporated on May 31, 2005. The Company was formerly known as Smart Balance, Inc. The Company is a marketer of functional food products under the Smart Balance, Earth Balance and Bestlife trademarks. Its products are sold in mass merchandise, grocery, natural food, and club stores throughout the U.S. and Canada. The Company's health and wellness platform consists of brands that target specific health trends: the Glutino and Udi's Gluten Free brands for gluten-free diets; the Earth Balance brand for plant-based diets; the Level Life brand for diabetic diets; EVOL foods for consumers seeking pure and simple ingredients; and the Smart Balance brand for heart healthier diets. The Company distributes its products in all key retail channels, including natural, grocery, club and mass merchandise, and also has a presence in the foodservice and industrial channels. Its business consists of two reportable segments: Smart Balance and Natural. The Natural segment consists of its Glutino, Udi's, Earth Balance and EVOL branded products. The Smart Balance segment consists of its Smart Balance branded products in spreads, butter, grocery and milk and its Level Life products. A majority of its products are sold through supermarket chains and food wholesalers. Its products are available in all 50 states. The Company's products compete with branded products as well as generic and private-label products of food retailers, wholesalers and cooperatives. The Company attempts to protect its intellectual property rights through a combination of patent, trademark, copyright, and trade secret laws, as well as licensing agreements, third-party confidentiality, nondisclosure, and assignment agreements, and by policing third-party misuses of its intellectual property. The manufacturing, packaging, labeling, advertising, distribution and sale of its products are subject to regulation by various government agencies.
Executives
Benjamin D Chereskin director THREE FIRST NATIONAL PLAZA STE 3800, CHICAGO IL 60602
Christine Sacco officer: CFO and Assistant Treasurer C/O SMART BALANCE, INC., 115 WEST CENTURY ROAD, SUITE 260, PARAMUS NJ 07652
Richard Dean Hollis director 3603 HAVEN AVENUE, SUITE E, MENLO PARK CA 94025
Timothy Richard Kraft officer: See Remarks THE SIMPLY GOOD FOODS COMPANY, 1225 17TH STREET, SUITE 1000, DENVER CO 80202
Gerald J Laber director C/O APPLIED FILMS CORPORATION, 9586 I-25 FRONTAGE ROAD, LONGMONT CO 80504
Adage Capital Partners Gp, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Partners, L.p. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Phillip Gross 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Robert Atchinson 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Advisors, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Alan S Gever officer: Executive VP and CFO 115 WEST CENTURY ROAD, SUITE 260, PARAMUS NJ 07652
Capital Management Oss 10 percent owner 598 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Glenn J Krevlin 10 percent owner 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Glenhill Advisors Llc 10 percent owner 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Glenhill Capital Management Llc 10 percent owner 600 FIFTH AV, 11TH FL, NEW YORK NY 10020

Boulder Brands (Boulder Brands) Headlines

From GuruFocus