Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). New America Highome Fund's share price for the quarter that ended in Dec. 2023 was $7.04. New America Highome Fund's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 23.37 Mil. Therefore, New America Highome Fund's market cap for the quarter that ended in Dec. 2023 was $164.56 Mil.
New America Highome Fund's quarterly market cap
increased
from Dec. 2022 ($154.27 Mil) to Jun. 2023 ($155.44 Mil) and
increased
from Jun. 2023 ($155.44 Mil) to Dec. 2023 ($164.56 Mil).
New America Highome Fund's annual market cap
declined
from Dec. 2021 ($218.09 Mil) to Dec. 2022 ($154.27 Mil) but then
increased
from Dec. 2022 ($154.27 Mil) to Dec. 2023 ($164.56 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. New America Highome Fund's Enterprise Value for Today is $248.10 Mil.
New America Highome Fund Market Cap Historical Data
The historical data trend for New America Highome Fund's Market Cap 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.
Competitive Comparison of New America Highome Fund's Market Cap
For the Asset Management subindustry, New America Highome Fund's Market Cap, along with its competitors' market caps and Market Cap 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.
New America Highome Fund's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, New America Highome Fund's Market Cap distribution charts can be found below:
* The bar in red indicates where New America Highome Fund's Market Cap falls into.
New America Highome Fund Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
New America Highome Fund's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
New America Highome Fund (NYSE:HYB) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
New America Highome Fund Market Cap Related Terms
Thank you for viewing the detailed overview of New America Highome Fund's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
New America Highome Fund (New America Highome Fund) Business Description
New America High Income Fund Inc is a diversified, closed?end management investment company. Its investment objective is to provide high current income while seeking to preserve stockholder capital by investing in a diversified portfolio of high-yield fixed-income securities. The fund invests primarily in fixed-maturity corporate debt securities that are rated less than the investment grade. Its portfolio of investment consists of investments in different sectors such as energy, financial, cable operators, healthcare, and others.
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