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New York Times Co (New York Times Co) Net Current Asset Value : $-1.03 (As of Dec. 2023)


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What is New York Times Co Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

New York Times Co's net current asset value per share for the quarter that ended in Dec. 2023 was $-1.03.

The historical rank and industry rank for New York Times Co's Net Current Asset Value or its related term are showing as below:

NYT's Price-to-Net-Current-Asset-Value is not ranked *
in the Media - Diversified industry.
Industry Median: 3.35
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

New York Times Co Net Current Asset Value Historical Data

The historical data trend for New York Times Co's Net Current Asset Value 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.

New York Times Co Net Current Asset Value Chart

New York Times Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.21 -0.88 -0.43 -1.70 -1.03

New York Times Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Current Asset Value 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 -1.70 -1.60 -1.21 -1.43 -1.03

Competitive Comparison of New York Times Co's Net Current Asset Value

For the Publishing subindustry, New York Times Co's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.


New York Times Co's Price-to-Net-Current-Asset-Value Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, New York Times Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where New York Times Co's Price-to-Net-Current-Asset-Value falls into.



New York Times Co Net Current Asset Value Calculation

New York Times Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(781.653-951.376-0-0)/164.542
=-1.03

New York Times Co's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(781.653-951.376-0-0)/164.542
=-1.03

* 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.


New York Times Co  (NYSE:NYT) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.

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 Working Capital. They are collected under our Net-Net screener.


New York Times Co Net Current Asset Value Related Terms

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New York Times Co (New York Times Co) Business Description

Traded in Other Exchanges
Address
620 Eighth Avenue, New York, NY, USA, 10018
New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as nytimes and various smartphone applications. Circulation of The New York Times is the source of revenue for the company, followed by print and digital advertising and its paid digital-only subscription to The New York Times. The company has a daily print circulation of over 3,00,000 and 7,40,000 on Sundays. The source of growth for The New York Times is its digital subscription service, which has over 1,000,000 paid users.
Executives
Arthur G. Sulzberger director, officer: Publisher, The New York Times THE NEW YORK TIMES COMPANY, 620 8TH AVENUE, NEW YORK NY 10018
Diane Brayton officer: EVP, GENERAL COUNSEL & SEC THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
R Anthony Benten officer: SVP, Treasurer & Controller C/O THE NEW YORK TIMES CO, 229 WEST 43RD ST, NEW YORK NY 10036
Kopit Levien Meredith A. officer: EVP & Chief Operating Officer THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
William Bardeen officer: Chief Financial Officer 620 EIGHTH AVENUE, NEW YORK NY 10018
Roland A. Caputo officer: Interim CFO and EVP THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
David S. Perpich director THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Manuel Bronstein director 970 PARK PLACE, SUITE 100, SAN MATEO CA 94403
Beth A. Brooke director C/O EHEALTH, INC., 2625 AUGUSTINE DRIVE, SECOND FLOOR, SANTA CLARA CA 95054
Jacqueline M Welch officer: EVP and CHRO THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Arthur S. Golden director THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Mark Thompson director, officer: PRESIDENT & CEO THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Arthur Jr Sulzberger director, officer: Chairman and Publisher THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Doreen A Toben director 140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Robert E Denham director MUNGER, TOLLES & OLSON LLP, 355 S. GRAND AVENUE, 35TH FLOOR, LOS ANGELES CA 90071