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.
Western Asset Global High Fd's net-net working capital per share for the quarter that ended in Nov. 2021 was $-4.84.
The industry rank for Western Asset Global High Fd's Net-Net Working Capital or its related term are showing as below:
Western Asset Global High Fd Net-Net Working Capital Historical Data
The historical data trend for Western Asset Global High Fd'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.
|
Western Asset Global High Fd Annual Data
|
|
Trend |
May18 |
May19 |
May20 |
May21 |
| Net-Net Working Capital |
|
-4.36 |
-4.72 |
-4.56 |
-5.00 |
|
Western Asset Global High Fd Semi-Annual Data
|
|
Nov17 |
May18 |
Nov18 |
May19 |
Nov19 |
May20 |
Nov20 |
May21 |
Nov21 |
| Net-Net Working Capital |
|
|
|
|
-4.93 |
-4.56 |
-5.07 |
-5.00 |
-4.84 |
Competitive Comparison
For the Asset Management subindustry, Western Asset Global High Fd's Net-Net Working Capital, along with its competitors' market caps and 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.
Western Asset Global High Fd Net-Net Working Capital Distribution
For the Asset Management industry and Financial Services sector, Western Asset Global High Fd's Net-Net Working Capital distribution charts can be found below:
* The bar in red indicates where Western Asset Global High Fd's Net-Net Working Capital falls into.
Western Asset Global High Fd Net-Net Working Capital Calculation
Western Asset Global High Fd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in May. 2021 is calculated as
Western Asset Global High Fd's Net-Net Working Capital (NNWC) 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.
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.
Western Asset Global High Fd Business Description
Traded in Other Exchanges
N/A
Address
620 Eighth Avenue, 49th Floor, New York, NY, USA, 10018
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 |
Western Asset Global High Fd Headlines
By Seekingalpha 2020-05-20
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