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Franklin Limited Durationome Trust (Franklin Limited Durationome Trust) Net-Net Working Capital

: $-3.36 (As of Dec. 2023)
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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.

Franklin Limited Durationome Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-3.36.

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

FTF's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.44
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Franklin Limited Durationome Trust Net-Net Working Capital Historical Data

The historical data trend for Franklin Limited Durationome 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.

Franklin Limited Durationome Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.35 -4.48 -4.57 -3.36 -3.36

Franklin Limited Durationome Trust Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 -4.57 -3.65 -3.36 -2.76 -3.36

Competitive Comparison

For the Asset Management subindustry, Franklin Limited Durationome 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.


Franklin Limited Durationome Trust Price-to-Net-Net-Working-Capital Distribution

For the Asset Management industry and Financial Services sector, Franklin Limited Durationome Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Franklin Limited Durationome Trust's Price-to-Net-Net-Working-Capital falls into.



Franklin Limited Durationome Trust Net-Net Working Capital Calculation

Franklin Limited Durationome 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 )
=(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)
=(2.548+0+0.75 * 0+0.5 * 0-138.283
-0-0)/40.4054
=-3.36

Franklin Limited Durationome 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 )
=(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)
=(2.548+0+0.75 * 0+0.5 * 0-138.283
-0-0)/40.4054
=-3.36

* 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.


Franklin Limited Durationome Trust  (AMEX:FTF) 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.


Franklin Limited Durationome Trust Net-Net Working Capital Related Terms

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Franklin Limited Durationome Trust (Franklin Limited Durationome Trust) Business Description

Traded in Other Exchanges
N/A
Address
One Franklin Parkway, San Mateo, CA, USA, 94403-1906
Franklin Limited Duration Income Trust is a closed-end investment company based in the United States. It conducts its investment with an aim to provide high, current income, with a secondary objective of capital appreciation. To align its investment objective with its strategy, the company invests in a diversified mix of fixed-income securities. Its portfolio is dominated by considerable investments in high-yield corporate bonds while touching upon other avenues such as senior secured floating rate corporate loans, mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, common stocks and other short-term investments.
Executives
Christine M. Debevec officer: VP & Assistant Secretary ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Tara E. Gormel officer: VP & Assistant Secretary ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Harris Goldblat officer: VP & Assistant Secretary ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Oliveira Marc De officer: VP & Assistant Secretary C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Ted P Becker officer: Chief Compliance Officer 399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
George P. Hoyt officer: VP & Assistant Secretary C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Alexander Kymn officer: VP & Assistant Secretary WELLS FARGO BANK, 45 FREMONT STREET, 26TH FLOOR, SAN FRANCISCO CA 94105
Christopher Kings officer: CFO, CAO and Treasurer ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jeffrey White officer: Interim CFO, CAO and Treasurer 3355 DATA DRIVE, RANCHO CORDOVA CA 95670
Susan Kerr officer: VP - AML Compliance 280 PARK AVENUE, NEW YORK NY 10017
Valerie Williams other: Trustee C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
Robert Kubilis officer: CFO, CAO and Treasurer FRANKLIN TEMPLETON INVESTMENTS, 300 S.E. 2ND STREET, FORT LAUDERDALE FL 33301-1923
Sonal Desai officer: Pres. & CEO - Invest. Mgmt. ONE FRANKLIN PARKWAY, SMO-920/3, SAN MATEO CA 94403
Group Ag Ubs 10 percent owner BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Terrence J. Checki other: Trustee HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036

Franklin Limited Durationome Trust (Franklin Limited Durationome Trust) Headlines