Air Liquide (XPAR:AI) Net Current Asset Value

: €-31.14 (As of Dec. 2023)

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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).

Air Liquide's net current asset value per share for the quarter that ended in Dec. 2023 was €-31.14.

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

XPAR:AI's Price-to-Net-Current-Asset-Value is not ranked ^*
in the Chemicals industry.
Industry Median: 4.92
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Air Liquide Net Current Asset Value Historical Data

The historical data trend for Air Liquide'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.

Air Liquide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Current Asset Value

-36.30

-32.87

-34.00

-33.59

-31.14

Air Liquide Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Current Asset Value																-34.00	-36.46	-33.59	-33.59	-31.14

Competitive Comparison

For the Specialty Chemicals subindustry, Air Liquide'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.

Air Liquide Price-to-Net-Current-Asset-Value Distribution

For the Chemicals industry and Basic Materials sector, Air Liquide's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Air Liquide's Price-to-Net-Current-Asset-Value falls into.

Air Liquide Net Current Asset Value Calculation

Air Liquide'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)
=	(7717.6	-	23289.3	-	721.6	-	0)	/	523.153
=	-31.14

Air Liquide'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)
=	(7717.6	-	23289.3	-	721.6	-	0)	/	523.153
=	-31.14

Air Liquide (XPAR:AI) 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.

Air Liquide Net Current Asset Value Related Terms

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Air Liquide (XPAR:AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Air Liquide SA (XPAR:AI) » Definitions » Net Current Asset Value

Comparable Companies

Traded in Other Exchanges

AIQUY:USA AIQUF:USA AI N:Mexico AIp:UK 0NWF:UK AIL:Germany AI:Austria

Address

75, Quai d'Orsay, Paris, FRA, 75007

Website

https://www.airliquide.com

Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 29.9 billion of revenue in 2022, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. The healthcare division serves around 1.8 million patients and 15,000 hospitals and clinics annually. Air Liquide employs approximately 65,000 people.