Brookfield Global Listed Infrastructureome Fun (Brookfield Global Listed Infrastructureome Fun) Net-Net Working Capital : $-5.30 (As of Dec. 2019)

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What is Brookfield Global Listed Infrastructureome Fun 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.

Brookfield Global Listed Infrastructureome Fun's Net-Net Working Capital for the quarter that ended in Dec. 2019 was $-5.30.

The industry rank for Brookfield Global Listed Infrastructureome Fun's Net-Net Working Capital or its related term are showing as below:

INF's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.14
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Brookfield Global Listed Infrastructureome Fun Net-Net Working Capital Historical Data

The historical data trend for Brookfield Global Listed Infrastructureome Fun'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.

Brookfield Global Listed Infrastructureome Fun Net-Net Working Capital Chart

Brookfield Global Listed Infrastructureome Fun Annual Data

Trend

Dec17

Dec18

Dec19

Net-Net Working Capital

-5.33

-5.30

-5.31

Brookfield Global Listed Infrastructureome Fun Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19
Net-Net Working Capital	-5.33	-5.67	-5.30	-5.36	-5.30

Competitive Comparison of Brookfield Global Listed Infrastructureome Fun's Net-Net Working Capital

For the Asset Management subindustry, Brookfield Global Listed Infrastructureome Fun'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.

Brookfield Global Listed Infrastructureome Fun's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brookfield Global Listed Infrastructureome Fun's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Brookfield Global Listed Infrastructureome Fun's Price-to-Net-Net-Working-Capital falls into.

Brookfield Global Listed Infrastructureome Fun Net-Net Working Capital Calculation

Brookfield Global Listed Infrastructureome Fun's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2019 is calculated as

	Net-Net Working Capital		(A: Dec. 2019 )
=	(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	-	71.502
-	0	-	0)	/	13.465
=	-5.31

Brookfield Global Listed Infrastructureome Fun's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2019 is calculated as

	Net-Net Working Capital		(Q: Dec. 2019 )
=	(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	-	71.502
-	0	-	0)	/	13.483
=	-5.30

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.

Brookfield Global Listed Infrastructureome Fun (NYSE:INF) 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.

Brookfield Global Listed Infrastructureome Fun Net-Net Working Capital Related Terms

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

Brookfield Global Listed Infrastructureome Fun (Brookfield Global Listed Infrastructureome Fun) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brookfield Global Listed Infrastructure Income Fun (NYSE:INF) » Definitions » Net-Net Working Capital

Traded in Other Exchanges

N/A

Address

250 Vesey Street, 15th Floor, New York, NY, USA, 10281-1023

Website

https://www.brookfield.com

Brookfield Global Listed Infrastructure Income Fund Inc. is a closed-end management investment company. Its investment objective is to provide a high level of total return, with an emphasis on income. The fund seeks to achieve its investment objective by investing primarily in securities of publicly traded infrastructure companies. It invests in various sectors, such as electric utilities and generation, telecommunications, electricity transmission and distribution, airports, gas utilities, communications, and others.

Executives

Brookfield Investment Management Inc.	other: Fund's Investment Adviser	BROOKFIELD PLACE, 225 LIBERTY STREET, 43RD FLOOR, NEW YORK NY 10281
Mohamed Rasul	officer: Fund's Assistant Treasurer	BROOKFIELD PUBLIC SECURITIES GROUP LLC, BROOKFIELD PLACE, 250 VESEY ST., 15TH FL, NEW YORK NY 10281
Casey Tushaus	officer: Fund's Assistant Treasurer	BROOKFIELD PUBLIC SECURITIES GROUP LLC, BROOKFIELD PLACE, 250 VESEY ST., 15TH FL, NEW YORK NY 10281
Brian Thomas Hourihan	other: Adviser's CCO	BROOKFIELD INVESTMENT MANAGEMENT INC., BROOKFIELD PLACE, 250 VESEY ST., 15TH FL, NEW YORK NY 10281
Thomas Doyle Peeney	officer: Secretary	BROOKFIELD INVESTMENT MANAGEMENT INC., BROOKFIELD PLACE, 250 VESEY ST., 15TH FL, NEW YORK NY 10281
Adam Ross Sachs	officer: CCO	BROOKFIELD PUBLIC SECURITIES GROUP LLC, BROOKFIELD PLACE, 250 VESEY STREET, 15TH, NEW YORK NY 10281
Heather S. Goldman	director	C/O BROOKFIELD INVESTMENT MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY STREET, 15FL, NEW YORK NY 10281-1023
Thomas Shawn Miller	other: Portfolio Manager	C/O BROOKFIELD INVESTMENT MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY ST., 15TH FL, NEW YORK NY 10281-1023
David William Levi	director, other: Investment Adviser's President	BROOKFIELD PUBLIC SECURITIES GROUP LLC, BROOKFIELD PLACE, 250 VESEY ST., 15TH FL, NEW YORK NY 10281-1023
Seth Gelman	officer: CCO, other: CCO of Adviser	C/O INSIGHT INVESTMENT, 200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166
Leonardo Anguiano	other: Portfolio Manager	BROOKFIELD INVESTMENT MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY STREET, 15TH, NEW YORK NY 10281-1023
Andrew Charles Alexander	other: Co-Portfolio Manager	BROOKFIELD INVEST MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY ST., 15TH FL, NEW YORK NY 102811023
Brian Hurley	officer: President	BROOKFIELD INVESTMENT MANAGEMENT INC., BROOKFIELD PLACE, 250 VESEY STREET, 15TH, NEW YORK NY 10281-1023
Alexis I Rieger	officer: Secretary	C/O BROOKFIELD INVESTMENT MANAGAMNET INC, BROOKFIELD PLACE, 250 VESEY ST., 15TH FL, NEW YORK NY 10281-1023
Kim G. Redding	director, officer: President	C/O BROOKFIELD INVESTMENT MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY ST, 15TH FL, NEW YORK NY 10281-1023