Blackrock Municipalome Investment Quality Trus (Blackrock Municipalome Investment Quality Trus) Net-Net Working Capital : $-10.62 (As of Aug. 2020)

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What is Blackrock Municipalome Investment Quality Trus 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.

Blackrock Municipalome Investment Quality Trus's Net-Net Working Capital for the quarter that ended in Aug. 2020 was $-10.62.

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

BAF's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.13
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Blackrock Municipalome Investment Quality Trus Net-Net Working Capital Historical Data

The historical data trend for Blackrock Municipalome Investment Quality Trus'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.

Blackrock Municipalome Investment Quality Trus Net-Net Working Capital Chart

Blackrock Municipalome Investment Quality Trus Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Net-Net Working Capital

-10.47

-10.71

-11.09

-10.62

Blackrock Municipalome Investment Quality Trus Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20
Net-Net Working Capital	Get a 7-Day Free Trial			-10.71	-10.81	-11.09	-12.22	-10.62

Competitive Comparison of Blackrock Municipalome Investment Quality Trus's Net-Net Working Capital

For the Asset Management subindustry, Blackrock Municipalome Investment Quality Trus'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.

Blackrock Municipalome Investment Quality Trus's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where Blackrock Municipalome Investment Quality Trus's Price-to-Net-Net-Working-Capital falls into.

Blackrock Municipalome Investment Quality Trus Net-Net Working Capital Calculation

Blackrock Municipalome Investment Quality Trus's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Aug. 2020 is calculated as

	Net-Net Working Capital		(A: Aug. 2020 )
=	(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)
=	(0	+	0	+	0.75 * 0	+	0.5 * 0	-	92.898
-	0	-	0)	/	8.74942
=	-10.62

Blackrock Municipalome Investment Quality Trus's Net-Net Working Capital (NNWC) per share for the quarter that ended in Aug. 2020 is calculated as

	Net-Net Working Capital		(Q: Aug. 2020 )
=	(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)
=	(0	+	0	+	0.75 * 0	+	0.5 * 0	-	92.898
-	0	-	0)	/	8.74942
=	-10.62

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.

Blackrock Municipalome Investment Quality Trus (NYSE:BAF) 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.

Blackrock Municipalome Investment Quality Trus Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Blackrock Municipalome Investment Quality Trus's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.

Blackrock Municipalome Investment Quality Trus (Blackrock Municipalome Investment Quality Trus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Municipal Income Investment Quality Trus (NYSE:BAF) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

https://www.blackrock.com

Blackrock Municipal Income Investment Quality Trust is a diversified investment fund with an investment objective is to provide current income exempt from U.S. federal income tax, including the alternative minimum tax and Florida intangible property tax.

Executives

Henry Gabbay	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Phillip Soccio	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
J.p. Morgan Taxable Putters/taxable Drivers, Series T0013 Trust	10 percent owner	C/O U.S. BANK TRUST NATIONAL ASSOCIATION 100 WALL STREET-SUITE 1600 NEW YORK NY 10005
Jpmorgan Chase Bank, N.a.	10 percent owner	1111 POLARIS PARKWAY, COLUMBUS OH 43240
Michael J Castellano	director	C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Michael Perilli	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Cynthia Egan	director	7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch	director	55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
W Carl Kester	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Barbara Novick	director	21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park	officer: Chief Compliance Officer	55 EAST 52ND STREET, NEW YORK NY 10055
Janey Ahn	officer: Secretary	55 EAST 52ND STREET, NEW YORK NY 10055
Robert Crothers	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055

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