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Jernigan Capital (Jernigan Capital) Net-Net Working Capital : $0.00 (As of Sep. 2020)


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What is Jernigan Capital 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.

Jernigan Capital's Net-Net Working Capital for the quarter that ended in Sep. 2020 was $0.00.

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

JCAPpB.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 14.83
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Jernigan Capital Net-Net Working Capital Historical Data

The historical data trend for Jernigan Capital'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.

Jernigan Capital Net-Net Working Capital Chart

Jernigan Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
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Jernigan Capital Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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Competitive Comparison of Jernigan Capital's Net-Net Working Capital

For the REIT - Industrial subindustry, Jernigan Capital'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.


Jernigan Capital's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Jernigan Capital's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Jernigan Capital Net-Net Working Capital Calculation

Jernigan Capital'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.278+0.75 * 0+0.5 * 0-223.903
-167.935-0)/0
=N/A

Jernigan Capital's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2020 is calculated as

Net-Net Working Capital(Q: Sep. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(22.183+0.75 * 0+0.5 * 0-301.67
-174.31-37.263)/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.


Jernigan Capital  (NYSE:JCAPpB.PFD) 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.


Jernigan Capital Net-Net Working Capital Related Terms

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Jernigan Capital (Jernigan Capital) Business Description

Traded in Other Exchanges
N/A
Address
6410 Poplar Avenue, Suite 650, Memphis, TN, USA, 38119
Jernigan Capital Inc is a real estate finance company. It offers capital to private developers, owners, and operators of self-storage facilities. The company's objective is to deliver long-term returns to shareholders by investing in newly constructed self-storage facilities and making loans secured by currently operating self-storage facilities. To achieve this objective company focuses on investments in development property and operating property loans. The majority of the revenue is generated from the interest income from investments made.
Executives
David Corak officer: SVP, Corporate Finance 6410 POPLAR AVE, SUITE 650, MEMPHIS TN 38119
Rebecca L Owen director 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Randy L Churchey director 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Jonathan L Perry officer: EVP, Chief Investment Officer 5 OLD LANCASTER ROAD, MALVERN PA 19355
Kelly P Luttrell officer: SVP, CFO and Treasurer 1395 BRICKELL AVENUE, MIAMI FL 33131
James D Dondero director 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Dean Jernigan director, officer: Chairman and CEO C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
John A Good director, officer: President and COO C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131
William C. Drummond officer: SVP, CFO and Treasurer 1395 BRICKELL AVENUE, MIAMI FL 33131
Harry J. Thie director 1395 BRICKELL AVENUE, MIAMI FL 33131
Howard A Silver director 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Mark O. Decker director 1395 BRICKELL AVENUE, MIAMI FL 33131
Sam J. Jenkins director 1395 BRICKELL AVENUE, MIAMI FL 33131
Gregory W. Ward officer: CFO, Secretary and Treasurer 1395 BRICKELL AVENUE, MIAMI FL 33131