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Blonder Tongue Laboratories (Blonder Tongue Laboratories) Net Current Asset Value : $-0.49 (As of Dec. 2023)


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What is Blonder Tongue Laboratories Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Blonder Tongue Laboratories's net current asset value per share for the quarter that ended in Dec. 2023 was $-0.49.

The historical rank and industry rank for Blonder Tongue Laboratories's Net Current Asset Value or its related term are showing as below:

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Blonder Tongue Laboratories was 6.33. The lowest was 3.32. And the median was 4.83.

BDRL's Price-to-Net-Current-Asset-Value is not ranked *
in the Hardware industry.
Industry Median: 4.06
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Blonder Tongue Laboratories Net Current Asset Value Historical Data

The historical data trend for Blonder Tongue Laboratories's Net Current Asset Value 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.

Blonder Tongue Laboratories Net Current Asset Value Chart

Blonder Tongue Laboratories Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 -0.33 -0.07 -0.45 -0.49

Blonder Tongue Laboratories Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Current Asset Value 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 -0.45 -0.50 -0.49 -0.49 -0.49

Competitive Comparison of Blonder Tongue Laboratories's Net Current Asset Value

For the Communication Equipment subindustry, Blonder Tongue Laboratories's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.


Blonder Tongue Laboratories's Price-to-Net-Current-Asset-Value Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Blonder Tongue Laboratories's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Blonder Tongue Laboratories's Price-to-Net-Current-Asset-Value falls into.



Blonder Tongue Laboratories Net Current Asset Value Calculation

Blonder Tongue Laboratories's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(4.795-11.869-0-0)/14.3992
=-0.49

Blonder Tongue Laboratories's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(4.795-11.869-0-0)/14.3992
=-0.49

* 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.


Blonder Tongue Laboratories  (OTCPK:BDRL) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.

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 Working Capital. They are collected under our Net-Net screener.


Blonder Tongue Laboratories Net Current Asset Value Related Terms

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Blonder Tongue Laboratories (Blonder Tongue Laboratories) Business Description

Traded in Other Exchanges
N/A
Address
One Jake Brown Road, Old Bridge, NJ, USA, 08857
Blonder Tongue Laboratories Inc is a technology development and manufacturing company that provides television signal encoding, transcoding, digital transport, and broadband product solutions in the United States. The company serves the multi-dwelling unit market, the lodging/hospitality market, and the institutional market, including hospitals, prisons, and schools, throughout the United States and Canada. The Company's revenues are derived from customers in the continental United States; it also derives some revenues from customers in other geographical markets like Canada and to a more limited extent, in developing countries.
Executives
Williams James H /nj/ director C/O BLONDER TONGUE LABORATORIES INC, ONE JAKE BROWN RD, OLD BRIDGE NJ 08857
Palle Robert J Jr director, 10 percent owner, officer: President and COO C/O BLONDER TONGUE LABORATORIES INC, ONE JAKE BROWN ROAD, OLD BRIDGE NJ 08857
Eric S Skolnik officer: Senior Vice President - CFO C/O BLONDER TONGUE LABORATORIES INC, ONE JAKE BROWN ROAD, OLD BRIDGE NJ 08857
John E Burke director 1540 BARDSEY LANE, LOWER GWYNEDD PA 19002
Anthony J Bruno director C/O BLONDER TONGUE LABORATORIES, INC., ONE JAKE BROWN ROAD, OLD BRIDGE NJ 08857
Cavalry Fund I Lp 10 percent owner 82 EAST ALLENDALE ROAD, SUITE 5B, SADDLE RIVER NJ 07458
Michael Hawkey director 2160 GOLD STREET, SAN JOSE CA 95002
Rick E Briggs director C/O BLONDER TONGUE LABORATORIES, INC., ONE JAKE BROWN ROAD, OLD BRIDGE NJ 08857
Edward Rowland Grauch officer: CEO & President 3208 HIGHWAY 98, MEXICO BEACH FL 32456
Jeffrey W Smith officer: Vice President - Sales C/O BLONDER TONGUE LABORATORIES, INC., ONE JAKE BROWN ROAD, OLD BRIDGE NJ 08857
Ronald Vincent Alterio officer: VP-Engineering, CTO C/O BLONDER TONGUE LABORATORIES, ONE JAKE BROWN ROAD, OLD BRIDGE NJ 08857
Gary P Scharmett director
Steven L Shea director C/O BLONDER TONGUE LABORATORIES, INC., ONE JAKE BROWN ROAD, OLD BRIDGE NJ 08857
Stephen K Necessary director
Bruce A Gureck officer: Exec VP/COO 4671 BOCAIRE BLVD, BOCA RATON FL 33487