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NII Holdings (NII Holdings) Net-Net Working Capital : $-13.40 (As of Sep. 2019)


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What is NII Holdings 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.

NII Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2019 was $-13.40.

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

NIHD's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 7.96
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

NII Holdings Net-Net Working Capital Historical Data

The historical data trend for NII Holdings'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.

NII Holdings Net-Net Working Capital Chart

NII Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -38.69 -6.39 -8.00 -8.54 -8.99

NII Holdings Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 -8.56 -8.99 -12.73 -14.13 -13.40

Competitive Comparison of NII Holdings's Net-Net Working Capital

For the Telecom Services subindustry, NII Holdings'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.


NII Holdings's Price-to-Net-Net-Working-Capital Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, NII Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



NII Holdings Net-Net Working Capital Calculation

NII Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2018 is calculated as

Net-Net Working Capital(A: Dec. 2018 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(174.815+0.75 * 99.885+0.5 * 1.949-1241.399
-0--79.592)/101.323
=-8.99

NII Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2019 is calculated as

Net-Net Working Capital(Q: Sep. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(29.331+0.75 * 0+0.5 * 0-1480.463
-0--73.517)/102.836
=-13.40

* 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.


NII Holdings  (NAS:NIHD) 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.


NII Holdings Net-Net Working Capital Related Terms

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NII Holdings (NII Holdings) Business Description

Traded in Other Exchanges
N/A
Address
12110 Sunset Hills Road, Suite 600, Reston, VA, USA, 20190
NII Holdings was incorporated in Virginia but conducts all of its business in Latin America. The firm provides a push-to-talk wireless service, using technology licensed from Motorola, in four countries. It has more than 9 million customers in total throughout Mexico, Brazil, Chile, and Argentina. The firm is rolling out 3G wireless services in all these regions over the next few years.
Executives
Robert A Schriesheim director 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179
Steven M Shindler director 10700 PARKRIDGE BLVD., RESTON VA 20191
James V Continenza director C/O ARCH WIRELESS INC, 1800 WEST PARK DR #250, WESTBOROUGH MA 01581
Christopher Thomas Rogers director 2001 EDMUND HALLEY DRIVE, RESTON VA 20191
Kevin L Beebe director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
683 Capital Partners, Lp other: Former 10% Owner C/O 683 CAPITAL GP, LLC, 1700 BROADWAY, SUITE 4200, NEW YORK NY 10019
Ari Zweiman other: Former 10% Owner C/O 683 CAPITAL MANAGEMENT, 1700 BROADWAY, SUITE 4200, NEW YORK NY 10019
683 Capital Management, Llc other: Former 10% Owner 1700 BROADWAY, SUITE 4200, NEW YORK NY 10019
Gary Begeman officer: EVP, General Counsel 10700 PARKRIDGE BLVD., SUSITE 600, RESTON VA 20191
Gokul V Hemmady officer: Chief Operating Officer P.O. BOX 1101, MS067, MINNEAPOLIS MN 55440-1101
Juan R Figuereo officer: EVP, Chief Financial Officer 875 E. CAMINO REAL, APT. # 10-D, BOCA RATON FL 33432
Rosendo G Parra director C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Carolyn Katz director C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVENUE, BOSTON X1 02116
Charles M Herington director 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Paulino R Barros director 1550 PEACHTREE STREET NW, ATLANTA GA 30309