Advent Claymore Convertible Securities &ome Fu (Advent Claymore Convertible Securities &ome Fu) Enterprise Value : $356.46 Mil (As of May. 26, 2024)

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What is Advent Claymore Convertible Securities &ome Fu Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Advent Claymore Convertible Securities &ome Fu's Enterprise Value is $356.46 Mil. Advent Claymore Convertible Securities &ome Fu does not have enough years/quarters to calculate its Revenue for the trailing twelve months (TTM) ended in Apr. 2018. Therefore, GuruFocus does not calculate Advent Claymore Convertible Securities &ome Fu's EV-to-Revenue at this moment.

Advent Claymore Convertible Securities &ome Fu Enterprise Value Historical Data

The historical data trend for Advent Claymore Convertible Securities &ome Fu's Enterprise 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.

Advent Claymore Convertible Securities &ome Fu Enterprise Value Chart

Advent Claymore Convertible Securities &ome Fu Annual Data

Trend

Oct17

Enterprise Value

Advent Claymore Convertible Securities &ome Fu Semi-Annual Data
	Oct17	Apr18
Enterprise Value	-	-

Competitive Comparison of Advent Claymore Convertible Securities &ome Fu's Enterprise Value

For the Asset Management subindustry, Advent Claymore Convertible Securities &ome Fu's Enterprise Value, along with its competitors' market caps and Enterprise 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.

Advent Claymore Convertible Securities &ome Fu's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent Claymore Convertible Securities &ome Fu's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Advent Claymore Convertible Securities &ome Fu's Enterprise Value falls into.

Advent Claymore Convertible Securities &ome Fu Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Advent Claymore Convertible Securities &ome Fu's Enterprise Value for the fiscal year that ended in Oct. 2017 is calculated as

	Enterprise Value (A: Oct. 2017 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	0	+	0	+	80.007
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0.007
=	80.00

Advent Claymore Convertible Securities &ome Fu's Enterprise Value for the quarter that ended in Apr. 2018 is calculated as

	Enterprise Value (Q: Apr. 2018 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	0	+	0	+	70.228
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0.102
=	70.13

Advent Claymore Convertible Securities &ome Fu (NYSE:AGC) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

Advent Claymore Convertible Securities &ome Fu Enterprise Value Related Terms

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Advent Claymore Convertible Securities &ome Fu (Advent Claymore Convertible Securities &ome Fu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advent Claymore Convertible Securities & Income Fu (NYSE:AGC) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.guggenheiminvestments.com

Advent Claymore Convertible Securities & Income Fund of Benefical Interest, formerly known as Advent/claymore Gl Convrtbl Sec & Inc Fd is a diversified, closed-end management investment company. Its investment objective is to provide total return, through a combination of capital appreciation and current income.

Executives

Advent Capital Management /de/	other: Investment Manager	888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK NY 10019
Tracy V Maitland	director, officer: Chairman, President & CEO, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Tony Huang	officer: V.P. & Assistant Secretary	227 WEST MONROE STREET, CHICAGO IL 60606
Gerald L Seizert	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Daniel Black	director, other: Trustee	C/O ADVENT CAPITAL MANAGEMENT, LLC, 1065 AVENUE OF THE AMERICAS, 31ST FLOOR, NEW YORK NY 10018
Paul Latronica	other: Portfolio Manager	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Randall C Barnes	director, other: Trustee	2455 CORPORATE WEST DRIVE, LISLE IL 60187
Ronald Nyberg	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Hart Woodson	other: Portfolio Manager	2455 CORPORATE WEST DRIVE LISLE IL 60532
Michael A Smart	director, other: Trustee	10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Doug Teresko	other: Managing Director	1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020
Citigroup Inc	10 percent owner	388 GREENWICH STREET, NEW YORK NY 10013
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036