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Barington/Hilco Acquisition (Barington/Hilco Acquisition) Net Current Asset Value : $-1.93 (As of Mar. 2018)


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What is Barington/Hilco Acquisition 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).

Barington/Hilco Acquisition's net current asset value per share for the quarter that ended in Mar. 2018 was $-1.93.

The historical rank and industry rank for Barington/Hilco Acquisition's Net Current Asset Value or its related term are showing as below:

BHAC's Price-to-Net-Current-Asset-Value is not ranked *
in the Conglomerates industry.
Industry Median: 3.67
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Barington/Hilco Acquisition Net Current Asset Value Historical Data

The historical data trend for Barington/Hilco Acquisition'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.

Barington/Hilco Acquisition Net Current Asset Value Chart

Barington/Hilco Acquisition Annual Data
Trend Dec14 Dec15 Dec16 Dec17
Net Current Asset Value
-0.01 -6.83 -6.88 -3.54

Barington/Hilco Acquisition Quarterly Data
Oct14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 -6.26 -6.32 -3.48 -3.54 -1.93

Competitive Comparison of Barington/Hilco Acquisition's Net Current Asset Value

For the Conglomerates subindustry, Barington/Hilco Acquisition'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.


Barington/Hilco Acquisition's Price-to-Net-Current-Asset-Value Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Barington/Hilco Acquisition's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Barington/Hilco Acquisition's Price-to-Net-Current-Asset-Value falls into.



Barington/Hilco Acquisition Net Current Asset Value Calculation

Barington/Hilco Acquisition's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2017 is calculated as

Net Current Asset Value Per Share(A: Dec. 2017 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(0.004-9.85-0-0)/2.78404
=-3.54

Barington/Hilco Acquisition's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2018 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2018 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(0.135-4.481-0-0)/2.24624
=-1.93

* 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.


Barington/Hilco Acquisition  (OTCPK:BHAC) 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.


Barington/Hilco Acquisition Net Current Asset Value Related Terms

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Barington/Hilco Acquisition (Barington/Hilco Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
Barington/Hilco Acquisition Corp is a blank check company.
Executives
James A Mitarotonda director, 10 percent owner 888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Robert L Mettler director 17612 EL VUELO, RANCHO SANTA FE CA 92067
Jeffrey D Nuechterlein director, officer: Chairman of the Board 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Frank R Mori director
Barington Companies Advisors, Llc 10 percent owner C/O BARINGTON CAPITAL GROUP, L.P., 888 SEVENTH AVENUE, 17TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Hilco Trading, Llc 10 percent owner 5 REVERE DRIVE, SUITE 206, NORTHBROOK IL 60062
Jeffrey Bruce Hecktman director, 10 percent owner 5 REVERE DRIVE, SUITE 206, NORTHBROOK IL 60062
North Pole Capital Master Fund 10 percent owner C/O POLAR ASSET MANAGEMENT PARTNERS INC., 401 BAY ST., SUITE 1900, PO BOX 19, TORONTO A6 M5H 2Y4

Barington/Hilco Acquisition (Barington/Hilco Acquisition) Headlines