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Ashford Hospitality Trust (Ashford Hospitality Trust) Net-Net Working Capital : $-96.39 (As of Dec. 2023)


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What is Ashford Hospitality Trust 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.

Ashford Hospitality Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-96.39.

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

AHT's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 10.435
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Ashford Hospitality Trust Net-Net Working Capital Historical Data

The historical data trend for Ashford Hospitality Trust'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.

Ashford Hospitality Trust Net-Net Working Capital Chart

Ashford Hospitality Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4,028.92 -607.14 -100.86 -104.70 -96.39

Ashford Hospitality Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -104.70 -105.88 -108.65 -109.76 -96.39

Competitive Comparison of Ashford Hospitality Trust's Net-Net Working Capital

For the REIT - Hotel & Motel subindustry, Ashford Hospitality Trust'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.


Ashford Hospitality Trust's Price-to-Net-Net-Working-Capital Distribution in the REITs Industry

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

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



Ashford Hospitality Trust Net-Net Working Capital Calculation

Ashford Hospitality Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(165.231+0.75 * 45.521+0.5 * 3.679-3686.558
-84.82-36.866)/37.4221
=-96.39

Ashford Hospitality Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(165.231+0.75 * 45.521+0.5 * 3.679-3686.558
-84.82-36.866)/37.4221
=-96.39

* 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.


Ashford Hospitality Trust  (NYSE:AHT) 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.


Ashford Hospitality Trust Net-Net Working Capital Related Terms

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Ashford Hospitality Trust (Ashford Hospitality Trust) Business Description

Address
14185 Dallas Parkway, Suite 1200, Dallas, TX, USA, 75254
Ashford Hospitality Trust Inc. is a real estate investment trust that invests in full-service upscale and upper-upscale hotel properties in the U.S. The company owns and operates its assets through its operating partnership, Ashford Hospitality Limited Partnership. All of its hotels are located across the U.S. and operate under the Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton brands. Ashford's sole segment is Direct Hotel Investments, through which it owns hotels by acquisition or development. Ashford also provides rest estate investment services, such as mezzanine financing, first mortgage financing, and sales-leaseback transactions. Its revenue streams include Room revenue, Food and beverage revenue, and Other revenue. Room revenue accounts for the majority of total revenue.
Executives
Davinder Singh Sra director 14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75254
Deric S Eubanks officer: Chief Financial Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Ansell Benjamin J Md director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Brookfield Asset Management Inc. 10 percent owner BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3
Oaktree Fund Gp I, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Aif Investment Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Aif Investments, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp Aif, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGLES CA 90071
Oaktree Fund Aif Series, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp Iii, L.p. 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Atlas Ocm Holdings, Llc 10 percent owner C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bam Partners Trust 10 percent owner 181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Oaktree Capital Management Gp, Llc 10 percent owner 333 SOUTH GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Real Estate Opportunities Fund Viii Gp Ltd. 10 percent owner C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FL, LOS ANGELES CA 90071
Oaktree Real Estate Opportunities Fund Viii Gp, L.p. 10 percent owner C/O OAKTREE CAPITAL MANAGEMENT, L.P., 333 S. GRAND AVENUE, 28TH FL, LOS ANGELES CA 90071