Blackrock Muniholdings Quality Fund (Blackrock Muniholdings Quality Fund) Net-Net Working Capital : $-9.11 (As of Oct. 2020)

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What is Blackrock Muniholdings Quality Fund 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 Muniholdings Quality Fund's Net-Net Working Capital for the quarter that ended in Oct. 2020 was $-9.11.

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

MUS's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.38
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Blackrock Muniholdings Quality Fund Net-Net Working Capital Historical Data

The historical data trend for Blackrock Muniholdings Quality Fund'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 Muniholdings Quality Fund Net-Net Working Capital Chart

Blackrock Muniholdings Quality Fund Annual Data

Trend

Apr18

Apr19

Apr20

Net-Net Working Capital

-8.98

-8.72

-9.02

Blackrock Muniholdings Quality Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20
Net-Net Working Capital	Get a 7-Day Free Trial			-8.55	-8.72	-9.16	-9.02	-9.11

Competitive Comparison of Blackrock Muniholdings Quality Fund's Net-Net Working Capital

For the Asset Management subindustry, Blackrock Muniholdings Quality Fund'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 Muniholdings Quality Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

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

Blackrock Muniholdings Quality Fund Net-Net Working Capital Calculation

Blackrock Muniholdings Quality Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Apr. 2020 is calculated as

	Net-Net Working Capital		(A: Apr. 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)
=	(0.833	+	0	+	0.75 * 0	+	0.5 * 0	-	118.299
-	0	-	0)	/	13.0183
=	-9.02

Blackrock Muniholdings Quality Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2020 is calculated as

	Net-Net Working Capital		(Q: Oct. 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	-	118.588
-	0	-	0)	/	13.0183
=	-9.11

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 Muniholdings Quality Fund (NYSE:MUS) 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 Muniholdings Quality Fund Net-Net Working Capital Related Terms

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Blackrock Muniholdings Quality Fund (Blackrock Muniholdings Quality Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Muniholdings Quality Fund Inc (NYSE:MUS) » 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 Muniholdings Quality Fund Inc is a closed-end management investment company. Its investment objective is to provide shareholders with current income exempt from federal income taxes. The fund seeks to achieve by investing in long-term, investment grade municipal obligations exempt from U.S. federal income taxes. It invests in Transportation, Health, Utilities, Education, Housing and other sectors.

Executives

Henry Gabbay	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Peter Hayes	other: Officer of the Adviser	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Christian Romaglino	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Phillip Soccio	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
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
Michael J Castellano	director	C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
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
Jpmorgan Chase Bank, N.a.	10 percent owner	1111 POLARIS PARKWAY, COLUMBUS OH 43240