CNH Industrial NV (CNH Industrial NV) Net Current Asset Value

: $-2.23 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

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).

CNH Industrial NV's net current asset value per share for the quarter that ended in Dec. 2023 was $-2.23.

The historical rank and industry rank for CNH Industrial NV's Net Current Asset Value or its related term are showing as below:

CNHI's Price-to-Net-Current-Asset-Value is not ranked ^*
in the Farm & Heavy Construction Machinery industry.
Industry Median: 4.21
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

CNH Industrial NV Net Current Asset Value Historical Data

The historical data trend for CNH Industrial NV'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.

CNH Industrial NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Current Asset Value

-6.35

-6.79

-2.55

-2.07

-2.23

CNH Industrial NV 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																-2.07	-2.14	-2.14	-1.70	-2.23

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, CNH Industrial NV'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.

CNH Industrial NV Price-to-Net-Current-Asset-Value Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, CNH Industrial NV's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where CNH Industrial NV's Price-to-Net-Current-Asset-Value falls into.

CNH Industrial NV Net Current Asset Value Calculation

CNH Industrial NV'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)
=	(35352	-	38117	-	120	-	0)	/	1290.94
=	-2.23

CNH Industrial NV'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)
=	(35352	-	38117	-	120	-	0)	/	1290.94
=	-2.23

CNH Industrial NV (NYSE:CNHI) 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 Grahams 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.

CNH Industrial NV Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of CNH Industrial NV's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.

CNH Industrial NV (CNH Industrial NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CNH Industrial NV (NYSE:CNHI) » Definitions » Net Current Asset Value

Comparable Companies

Traded in Other Exchanges

1CNHI:Italy 1CNHIm:UK 0QGU:UK 37C:Germany 37C:Germany CNHI:Austria

Address

25 St. James's Street, London, GBR, SW1A 1HA

Website

https://www.cnhindustrial.com

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.