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Federated Premier Intmd Muniome Fund (Federated Premier Intmd Muniome Fund) Net-Net Working Capital : $0.00 (As of . 20)


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What is Federated Premier Intmd Muniome 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.

Federated Premier Intmd Muniome Fund's Net-Net Working Capital for the quarter that ended in . 20 was $0.00.

The industry rank for Federated Premier Intmd Muniome Fund's Net-Net Working Capital or its related term are showing as below:

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

Federated Premier Intmd Muniome Fund Net-Net Working Capital Historical Data

The historical data trend for Federated Premier Intmd Muniome 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.

Federated Premier Intmd Muniome Fund Net-Net Working Capital Chart

Federated Premier Intmd Muniome Fund Annual Data
Trend
Net-Net Working Capital

Federated Premier Intmd Muniome Fund Semi-Annual Data
Net-Net Working Capital

Competitive Comparison of Federated Premier Intmd Muniome Fund's Net-Net Working Capital

For the subindustry, Federated Premier Intmd Muniome 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.

Federated Premier Intmd Muniome Fund's Price-to-Net-Net-Working-Capital Distribution in the Industry

For the industry and sector, Federated Premier Intmd Muniome Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Federated Premier Intmd Muniome Fund's Price-to-Net-Net-Working-Capital falls into.


Federated Premier Intmd Muniome Fund Net-Net Working Capital Calculation

Federated Premier Intmd Muniome Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in . 20 is calculated as

Net-Net Working Capital(A: . 20 )
=(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)
=(++0.75 * +0.5 * -N/A
--)/0
=N/A

Federated Premier Intmd Muniome Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in . 20 is calculated as

Net-Net Working Capital(Q: . 20 )
=(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)
=(++0.75 * +0.5 * -N/A
--)/0
=N/A

* 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.

Federated Premier Intmd Muniome Fund  (NYSE:FPT) 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.

Federated Premier Intmd Muniome Fund Net-Net Working Capital Related Terms

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Federated Premier Intmd Muniome Fund (Federated Premier Intmd Muniome Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Federated Premier Intmd Muni Income Fund (NYSE:FPT) » Definitions » Net-Net Working Capital
Comparable Companies
Traded in Other Exchanges
N/A
Address
Website
http://www.federatedinvestors.com
Federated Premier Intmd Muni Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide current income exempt from federal income tax, including the federal alternative minimum tax (AMT).
Executives
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Federated Investment Management Co other: Investment Adviser to FPT FEDERATED INVESTORS TOWER 1001 LIBERTY AVENUE PITTSBURGH PA 15222-3779
Thomas R Donahue other: Trustee & Treas. of FIMCO 5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Karpus Management, Inc. 10 percent owner 183 SULLY'S TRAIL, PITTSFORD NY 14534
George W Karpus 10 percent owner
Patrick Benacci other: Senior Trader 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
G. Thomas Hough director P.O. BOX 407, LAKELAND FL 33802
Meter Stephen Van officer: Chief Compliance Officer FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
John T Collins director THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109
P Jerome Richey director 1800 WASHINGTON ROAD, PITTSBURGH PA 15421-1421
Lori A Hensler officer: Treasurer 940 FIFTH STREET, N. HUNTINGTON PA 15642
Citigroup Inc 10 percent owner 388 GREENWICH STREET, NEW YORK NY 10013
Robert J Ostrowski officer: Chief Investment Officer 4000 ERICSSON DRIVE, WARRENDALE PA 15086-7561

Federated Premier Intmd Muniome Fund (Federated Premier Intmd Muniome Fund) Headlines

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