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Finward Bancorp (Finward Bancorp) Net-Net Working Capital : $-347.34 (As of Mar. 2024)


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What is Finward Bancorp 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.

Finward Bancorp's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-347.34.

The industry rank for Finward Bancorp's Net-Net Working Capital or its related term are showing as below:

FNWD's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.94
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Finward Bancorp Net-Net Working Capital Historical Data

The historical data trend for Finward Bancorp'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.

Finward Bancorp Net-Net Working Capital Chart

Finward Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -255.08 -262.37 -258.21 -354.52 -348.46

Finward Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net-Net Working Capital 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 -352.83 -357.28 -360.96 -348.46 -347.34

Competitive Comparison of Finward Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, Finward Bancorp'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.


Finward Bancorp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Finward Bancorp's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Finward Bancorp's Price-to-Net-Net-Working-Capital falls into.



Finward Bancorp Net-Net Working Capital Calculation

Finward Bancorp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(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)
=(85.589+371.374+0.75 * 8.045+0.5 * 0-1960.934
-0-0)/4.29877
=-348.46

Finward Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(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)
=(71.173+346.233+0.75 * 7.583+0.5 * 0-1920.201
-0-0)/4.31025
=-347.34

* 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.

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. 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.


Finward Bancorp  (NAS:FNWD) 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.


Finward Bancorp Net-Net Working Capital Related Terms

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


Finward Bancorp (Finward Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
9204 Columbia Avenue, Munster, IN, USA, 46321
Finward Bancorp is a bank holding company, which engages in the provision of financial services. It offers products and services related to Personal Banking, Cash Management, Saving Account, ebanking, Wealth Management, and Insurance Services. It is primarily engaged in the business of attracting deposits from the general public and the origination of loans, mostly upon the security of single-family residences and commercial real estate, construction loans, commercial business loans, and municipal loans. Geographically, the activities are carried out through the United States.
Executives
David A Bochnowski director, 10 percent owner, officer: Chief Executive Officer 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Peymon Torabi officer: Senior Vice President 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Robert T Lowry officer: Executive Vice President 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Amy Wong Han director 1008 KILLARNEY DRIVE, DYER IN 46321
Benjamin J Bochnowski officer: EVP 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Robert W. Youman director 129 THATCHER AVE., RIVER FOREST IL 60305
James L Wieser director 13304 LAKESHORE DRIVE, UNIT 202, CEDAR LAKE IN 46303
Johnson Robert E. Iii director 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Todd M. Scheub officer: Executive Vice President 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Leane English Cerven officer: Vice President 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Danette Garza director 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Jillonda Washington officer: Senior Vice President 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Kleek Joshua Van officer: Vice President 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Tanya A. Leetz officer: Executive Vice President 9204 COLUMBIA AVENUE, MUNSTER IN 46321
Donald P Fesko director 9204 COLUMBIA AVENUE, MUNSTER IN 46321

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