Western Asset Global High Fd Accounts Receivable

Western Asset Global High Fd Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Western Asset Global High Fd Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Western Asset Global High Fd's Days Sales Outstanding for the quarter that ended in Nov. 2021 is calculated as:

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Western Asset Global High Fd's accounts receivable are only considered to be worth 75% of book value:

Western Asset Global High Fd's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2021 is calculated as:

* 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.

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Western Asset Global High Fd Accounts Receivable Related Terms

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Western Asset Global High Fd Business Description

Industry

Financial Services » Asset Management NAICS : 523930 SIC : 6282

Comparable Companies

NYSE:INSI XKRX:021080 LSE:MGCI NYSE:SPE BSP:PEAB3 SGX:B73 LSE:ASIT NYSE:IDE NYSE:PIM XTAE:EMDV

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018

Website

https://www.leggmason.com

Western Asset Global High Inc Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is high current income and total return by investing in a global portfolio of securities. The fund invests in various sectors such as Consumer Discretionary, Energy, Healthcare, Industrials, materials, and others.

Executives

Fergerson Laura F	other: Manager/Investment Manager	3310 QUALITY DRIVE 2ND FLOOR RANCHO CORDOVA CA 95670
Eakes Brian	other: Manager/Investment Manager	100 INTERNATIONAL DRIVE BALTIMORE MD 21202
Hoyt George P.	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Nicholls Matthew	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY SAN MATEO CA 94403
Bolt Jennifer J	other: Director of Sub-Adviser	C/O FRANKLIN RESOURCES, INC. ONE FRANKLIN PARKWAY SAN MATEO CA 94403-1906
Plafker Jed A.	other: Director of Sub-Adviser	ONE FRANKLIN PARKWAY SAN MATEO CA 94403
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174
Weinstein Boaz	10 percent owner	405 LEXINGTON AVENUE 58TH FLOOR NEW YORK NY 10174
Jensen Fred Steven	officer: Chief Compliance Officer	LEGG MASON 620 EIGHTH AVENUE, 49TH FLOOR NEW YORK NY 10018
Cronin Daniel P	director	235 EAST 42ND ST NEW YORK NY 10017
Hutchinson William R	director	535 N MICHIGAN STE 1012 CHICAGO IL 60611
Berarducci Christopher	officer: Treas/Principal Finan Officer	LEGG MASON 620 EIGHTH AVENUE NEW YORK NY 10018
Kumar Nisha	director	1735 MARKET STREET 32ND FLOOR PHILADELPHIA PA 19103
Berg Jennifer S	officer: Treasurer	100 INTERNATIONAL DRIVE 7TH FLOOR BALTIMORE MD 21202
Kuehl Todd F	officer: Chief Compliance Officer	1555 PEACHTREE STREET NE ATLANTA 2Q 30309