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Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Delaware Investments MN Muni Fund II,'s tangible book value per share for the quarter that ended in Sep. 2021 was $15.02.
Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
The historical data trend for Delaware Investments MN Muni Fund II,'s Tangible Book per Share 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.
Delaware Investments MN Muni Fund II, Annual Data | |||||||||||||||||||||
Trend | Mar12 | Mar13 | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial | 14.41 | 14.27 | 14.48 | 14.31 | 14.92 |
Delaware Investments MN Muni Fund II, Semi-Annual Data | ||||||||||||||||||||
Mar12 | Sep12 | Mar13 | Sep13 | Mar14 | Sep14 | Mar15 | Sep15 | Mar16 | Sep16 | Mar17 | Sep17 | Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | |
Tangible Book per Share | Get a 7-Day Free Trial | 14.94 | 14.31 | 14.77 | 14.92 | 15.02 |
For the Asset Management subindustry, Delaware Investments MN Muni Fund II,'s Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
For the Asset Management industry and Financial Services sector, Delaware Investments MN Muni Fund II,'s Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Delaware Investments MN Muni Fund II,'s Price-to-Tangible-Book falls into.
Delaware Investments MN Muni Fund II,'s Tangible Book Value Per Share for the fiscal year that ended in Mar. 2021 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (171.619 | - | 0 | - | 0) | / | 11.505 | |
= | 14.92 |
Delaware Investments MN Muni Fund II,'s Tangible Book Value Per Share for the quarter that ended in Sep. 2021 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (172.829 | - | 0 | - | 0) | / | 11.505 | |
= | 15.02 |
* 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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Delaware Investments MN Muni Fund II, (AMEX:VMM) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Thank you for viewing the detailed overview of Delaware Investments MN Muni Fund II,'s Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Harry Jeffrey Dobbs | director | 6300 LAMAR AVENUE, OVERLAND PARK KS 66202 |
Sandra Aj Lawrence | director | C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105 |
Joseph Jr Harroz | director | 2511 MCGEE DRIVE, NORMAN OK 73072-6704 |
Toronto Dominion Holdings Usa Inc | 10 percent owner | 40 WALL STREET, NEW YORK NY 10003 |
Dominion Bank Toronto | 10 percent owner | 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2 |
Toronto Dominion Investments, Inc. | 10 percent owner | 909 FANIN, SUITE 1950, HOUSTON TX 77010 |
Td Group Us Holdings Llc | 10 percent owner | 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808 |
Roden Jake Van | officer: SVP/Portfolio Manager | 2005 MARKET STREET, PHILADELPHIA PA 19103 |
Jerome Abernathy | director | 2005 MARKET STREET, PHILADELPHIA PA 19103 |
Christianna Wood | director | 330 OLD Y ROAD, GOLDEN CO 80401 |
Shawn Lytle | officer: President/CEO | C/O DELAWARE INVESTMENTS, 2005 MARKET STREET, PHILADELPHIA PA 19103 |
Ann Dully Borowiec | director, officer: Board Member | C/O DELAWARE INVESTMENTS, 2005 MARKET STREET, PHILADELPHIA PA 19103 |
Thomas K Whitford | director | 249 FIFTH AVE, P1-POPP-30-1, PITTSBURGH PA 15222 |
From GuruFocus
By GuruFocus Research GuruFocus Editor • 01-14-2022
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