Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
5.41 (1y: +146%)
Market Cap 165.62 M P/E(ttm)
Enterprise Value 621.08 M P/B 0.98
ZLC- NYSE (USA)
Zale Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$5.41
Switch to:

Zale Corporation Net Cash: -32.4 ( as of Jan13)

* All numbers are in millions except for per share data ZLC 10-Y Financials »

Definition

In the calculation of a company’s net cash, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative net cash. But sometimes a company’s price may be lower than its net-cash.

Net Cash = Cash and cash equivalents - Total Liabilities

Formula

Net Cash = Cash and cash equivalents - Total Liabilities

Zale Corporation netcash Calculation

* All numbers are in millions except for per share data

Zale Corporation Annual Data

This information is for Premium Members Only.


Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Jul03Jul04Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12
netcashPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member Only
Zale Corporation Quarterly Data

This information is for Premium Members Only.


Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Oct10Jan11Apr11Jul11Oct11Jan12Apr12Jul12Oct12Jan13
netcashPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member Only

Explanation

Ben Graham invested in situations where the company’s stock price was lower than its net-cash. He assigned some value to the company’s other current asset. The value is called Net Current Asset Value (NCAV). 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.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener. GuruFocus also publishes a monthly Net-Net newsletter.

Related Terms

Cash and cash equivalents, Total Liabilities, Net Current Asset Value
* All numbers are in millions except for per share data

Zale Corporation Annual Data

This information is for Premium Members Only.


Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Jul03Jul04Jul05Jul06Jul07Jul08Jul09Jul10Jul11Jul12
netcashPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member Only
Zale Corporation Quarterly Data

This information is for Premium Members Only.


Take the full advantage of Gurus' investment ideas now.

7-Day Free Trial
Oct10Jan11Apr11Jul11Oct11Jan12Apr12Jul12Oct12Jan13
netcashPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member OnlyPremium Member Only

Financial Dictionary

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK