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Ambac Financial Group (Ambac Financial Group) Net-Net Working Capital : $-96.39 (As of Dec. 2023)


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What is Ambac Financial Group 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.

Ambac Financial Group's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-96.39.

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

AMBC's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 5.51
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Ambac Financial Group Net-Net Working Capital Historical Data

The historical data trend for Ambac Financial Group'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.

Ambac Financial Group Net-Net Working Capital Chart

Ambac Financial Group 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 -147.86 -161.36 -156.52 -93.78 -96.39

Ambac Financial Group 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 -93.78 -102.71 -99.53 -90.74 -96.39

Competitive Comparison of Ambac Financial Group's Net-Net Working Capital

For the Insurance - Specialty subindustry, Ambac Financial Group'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.


Ambac Financial Group's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Ambac Financial Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Ambac Financial Group Net-Net Working Capital Calculation

Ambac Financial Group'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 )
=(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)
=(12+2231+0.75 * 622+0.5 * 0-6996
-0-70)/45.1954
=-96.39

Ambac Financial Group'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 )
=(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)
=(12+2231+0.75 * 622+0.5 * 0-6996
-0-70)/45.1954
=-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.


Ambac Financial Group  (NYSE:AMBC) 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.


Ambac Financial Group Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Ambac Financial Group's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Ambac Financial Group (Ambac Financial Group) Business Description

Traded in Other Exchanges
Address
One World Trade Center, New York, NY, USA, 10007
Ambac Financial Group Incis a financial services holding company. The business operations of the company include Legacy Financial Guarantee Insurance, Specialty Property and Casualty Insurance and Insurance Distribution. The Company has three reportable segments namely Legacy Financial Guarantee Insurance, Specialty Property and Casualty Insurance and Insurance Distribution. Majority of revenues are earned from Legacy Financial Guarantee Insurance segment.
Executives
Claude Leblanc director, officer: Chief Executive Officer ONE BERMUDIANA ROAD, HAMILTON D0 HM 11
Kristi Ann Matus director C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Michael D Price director 67 ORCHARD DRIVE, NEW CANAAN CT 06840
C James Prieur director
Lisa G Iglesias director 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
David Trick officer: Sr. MD., CFO & Treasurer AMBAC FINANCIAL GROUP, INC., ONE STATE STREET PLAZA, NEW YORK NY 10004
Daniel Mcginnis officer: Sr. MD & COO C/O AMBAC FINANCIAL GROUP, INC., ONE WORLD TRADE CENTER, 41ST FLOOR, NEW YORK NY 10007
R Sharon Smith officer: Senior Managing Director ONE STATE STREET PLAZA, NEW YORK NY 10004
Robert Bryan Eisman officer: Sr. MD & CAO AMBAC FINANCIAL GROUP INC., ONE STATE STREET PLAZA, NEW YORK NY 10004
Jeffrey Scott Stein director 601 TRAVIS, SUITE 1400, HOUSTON TX 77002
Stephen Michael Ksenak officer: Sr. MD & General Counsel AMBAC FINANCIAL GROUP, INC., ONE STATE STREET PLAZA, NEW YORK NY 10004
Joan M Lammtennant director 40 WANTAGE AVE, BRANCHVILLE NJ 07890
David Barranco officer: Senior Managing Director C/O AMBAC FINANCIAL GROUP INC, ONE STATE STREET PLAZA, NEW YORK NY 10004
Tavakoli Nader director 551 FIFTH AVE 334TH FL, NEW YORK NY 10176
Alexander David Greene director 3200 INDUSTRIAL PARK ROAD, VAN BUREN AR 72956

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