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ICG-Longbow Senior Secured UK Prop Debt Inv (LSE:LBOW) Net-Net Working Capital : £0.02 (As of Jan. 2024)


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What is ICG-Longbow Senior Secured UK Prop Debt Inv 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.

ICG-Longbow Senior Secured UK Prop Debt Inv's Net-Net Working Capital for the quarter that ended in Jan. 2024 was £0.02.

The industry rank for ICG-Longbow Senior Secured UK Prop Debt Inv's Net-Net Working Capital or its related term are showing as below:

LSE:LBOW's Price-to-Net-Net-Working-Capital is ranked worse than
60.7% of 514 companies
in the Asset Management industry
Industry Median: 6.225 vs LSE:LBOW: 10.18

ICG-Longbow Senior Secured UK Prop Debt Inv Net-Net Working Capital Historical Data

The historical data trend for ICG-Longbow Senior Secured UK Prop Debt Inv'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.

ICG-Longbow Senior Secured UK Prop Debt Inv Net-Net Working Capital Chart

ICG-Longbow Senior Secured UK Prop Debt Inv Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 0.06 0.03 0.07 0.02

ICG-Longbow Senior Secured UK Prop Debt Inv Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 0.03 0.02 0.07 0.09 0.02

Competitive Comparison of ICG-Longbow Senior Secured UK Prop Debt Inv's Net-Net Working Capital

For the Asset Management subindustry, ICG-Longbow Senior Secured UK Prop Debt Inv'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.


ICG-Longbow Senior Secured UK Prop Debt Inv's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, ICG-Longbow Senior Secured UK Prop Debt Inv's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where ICG-Longbow Senior Secured UK Prop Debt Inv's Price-to-Net-Net-Working-Capital falls into.



ICG-Longbow Senior Secured UK Prop Debt Inv Net-Net Working Capital Calculation

ICG-Longbow Senior Secured UK Prop Debt Inv's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2024 is calculated as

Net-Net Working Capital(A: Jan. 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)
=(2.946+0+0.75 * 0+0.5 * 0-0.391
-0-0)/121.303
=0.02

ICG-Longbow Senior Secured UK Prop Debt Inv's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jan. 2024 is calculated as

Net-Net Working Capital(Q: Jan. 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)
=(2.946+0+0.75 * 0+0.5 * 0-0.391
-0-0)/121.303
=0.02

* 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.


ICG-Longbow Senior Secured UK Prop Debt Inv  (LSE:LBOW) 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.


ICG-Longbow Senior Secured UK Prop Debt Inv Net-Net Working Capital Related Terms

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ICG-Longbow Senior Secured UK Prop Debt Inv (LSE:LBOW) Business Description

Traded in Other Exchanges
Address
Trafalgar Court, Les Banques, P.O. Box 286, Floor 2, Saint Peter Port, GGY, GY1 4LY
ICG-Longbow Senior Secured UK Prop Debt Inv Ltd is a Guernsey registered closed-ended investment company. Its investment objective is to construct a portfolio of good quality, defensive, senior debt investments secured by first ranking fixed charges predominantly against UK commercial property investments providing target dividends of circa 6% per annum on the IPO issue price, paid quarterly, with an underlying target portfolio IRR of 8% per annum. The company's investment policy is to invest in a loan portfolio comprised of senior loans to property investors secured on UK commercial property with some potential exposure to UK investment residential property. The portfolio of the company is managed by Intermediate Capital Managers Limited.

ICG-Longbow Senior Secured UK Prop Debt Inv (LSE:LBOW) Headlines

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