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Caspian Services (Caspian Services) Net Current Asset Value : $-1.65 (As of Jun. 2016)


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What is Caspian Services 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).

Caspian Services's net current asset value per share for the quarter that ended in Jun. 2016 was $-1.65.

The historical rank and industry rank for Caspian Services's Net Current Asset Value or its related term are showing as below:

CSSV's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.81
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Caspian Services Net Current Asset Value Historical Data

The historical data trend for Caspian Services'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.

Caspian Services Net Current Asset Value Chart

Caspian Services Annual Data
Trend Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.90 -1.03 -1.13 -1.37 -1.56

Caspian Services Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 -1.53 -1.56 -1.58 -1.63 -1.65

Competitive Comparison of Caspian Services's Net Current Asset Value

For the Oil & Gas Equipment & Services subindustry, Caspian Services'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.


Caspian Services's Price-to-Net-Current-Asset-Value Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Caspian Services's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Caspian Services's Price-to-Net-Current-Asset-Value falls into.



Caspian Services Net Current Asset Value Calculation

Caspian Services's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Sep. 2015 is calculated as

Net Current Asset Value Per Share(A: Sep. 2015 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(11.454-109.863--16.34-0)/52.6576
=-1.56

Caspian Services's Net Current Asset Value (NCAV) per share for the quarter that ended in Jun. 2016 is calculated as

Net Current Asset Value Per Share(Q: Jun. 2016 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(10.57-117.034--19.807-0)/52.6576
=-1.65

* 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.


Caspian Services  (OTCPK:CSSV) 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.


Caspian Services Net Current Asset Value Related Terms

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Caspian Services (Caspian Services) Business Description

Traded in Other Exchanges
N/A
Address
2319 Foothill Drive, Suite 160, Salt Lake City, UT, USA, 84109
Caspian Services Inc provides oilfield services to oil & gas industry in Kazakhstan. The company operates in three reportable segments including Vessel operations, Geophysical services, and Marine base services. Vessel operations consist of chartering a fleet of shallow draft offshore support vessels to customers performing oil and gas exploration activities in the Caspian Sea. Geophysical services consist of providing seismic data acquisition services to oil and gas companies operating onshore in Kazakhstan. Marine base service consists of operating a marine base with a boat repair and drydocking services yard located at the port of Bautino on the North Caspian Sea. It generates the majority of the revenue from Vessel operations segment.
Executives
Bakhytbek R Baiseitov 10 percent owner 291/21, DOSKYK AVE,, ALMATY 1P 050020
Mark Donegan 10 percent owner STIRLING SQUARE, 7 CARLTON GARDENS, LONDON X0 SW1Y 5AD
Mirgali Kunayev director, 10 percent owner C/O LERNER & KAPLAN PLLC, 4121 18TH AVENUE, BROOKLYN NY 11218

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