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SLR Investment (SLR Investment) Net-Net Working Capital : $-21.87 (As of Dec. 2023)


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What is SLR Investment 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.

SLR Investment's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-21.87.

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

SLRC's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

SLR Investment Net-Net Working Capital Historical Data

The historical data trend for SLR Investment'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.

SLR Investment Net-Net Working Capital Chart

SLR Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.38 -16.45 -20.01 -20.34 -21.87

SLR Investment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -20.34 -20.67 -22.45 -22.20 -21.87

Competitive Comparison of SLR Investment's Net-Net Working Capital

For the Asset Management subindustry, SLR Investment'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.


SLR Investment's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SLR Investment's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



SLR Investment Net-Net Working Capital Calculation

SLR Investment's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(344.154+0+0.75 * 0+0.5 * 0-1537.229
-0-0)/54.5546
=-21.87

SLR Investment's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(344.154+0+0.75 * 0+0.5 * 0-1537.229
-0-0)/54.5546
=-21.87

* 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.


SLR Investment  (NAS:SLRC) 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.


SLR Investment Net-Net Working Capital Related Terms

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SLR Investment (SLR Investment) Business Description

Traded in Other Exchanges
Address
500 Park Avenue, New York, NY, USA, 10022
SLR Investment Corp is a closed-end investment company that has elected to be treated as a business development company. It provides U.S. middle market businesses and intermediaries with bespoke debt financing solutions to fund working capital, acquisition, refinancing and growth capital requirements.
Executives
Michael S Gross director, officer: See Remarks C/O SOLAR CAPITAL LTD., 500 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022
Roberts Andrea Colvin director 500 PARK AVENUE, NEW YORK NY 10022
Guy Talarico officer: Chief Compliance Officer 590 MADISON AVENUE, 15TH FLOOR, NEW YORK NY 10022
Shiraz Kajee officer: CFO, Treasurer & Secretary 500 PARK AVENUE, NEW YORK NY 10022
Bruce J Spohler director, officer: See Remarks
Steven Hochberg director 560 WHITE PLAINS ROAD, TARRYTOWN NY 10591
Leonard Potter director C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022
Richard Peteka officer: See Remarks CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE 4TH FL, STAMFORD CT 06902
David Wachter director W. CAPITAL PARTNERS, ONE EAST 52ND STREET, NEW YORK NY 10022
Brian Gerson officer: Executive Vice President C/O SOLAR CAPITAL LTD., 500 PARK AVENUE, NEW YORK NY 10022
Nicholas Radesca officer: Chief Financial Officer & Sec C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022

SLR Investment (SLR Investment) Headlines