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Electro Rent (Electro Rent) Net Cash per Share : $-1.81 (As of Feb. 2016)


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What is Electro Rent Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Electro Rent's Net Cash per Share for the quarter that ended in Feb. 2016 was $-1.81.

The historical rank and industry rank for Electro Rent's Net Cash per Share or its related term are showing as below:

ELRC's Price-to-Net-Cash is not ranked *
in the Business Services industry.
Industry Median: 7.375
* Ranked among companies with meaningful Price-to-Net-Cash only.

Electro Rent Net Cash per Share Historical Data

The historical data trend for Electro Rent's Net Cash 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.

* Premium members only.

Electro Rent Net Cash per Share Chart

Electro Rent Annual Data
Trend May06 May07 May08 May09 May10 May11 May12 May13 May14 May15
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.01 -3.02 -3.33 -2.71 -2.83

Electro Rent Quarterly Data
May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.67 -2.83 -2.34 -2.14 -1.81

Competitive Comparison of Electro Rent's Net Cash per Share

For the Rental & Leasing Services subindustry, Electro Rent's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.


Electro Rent's Price-to-Net-Cash Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Electro Rent's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Electro Rent's Price-to-Net-Cash falls into.



Electro Rent Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Electro Rent's Net Cash per Share for the fiscal year that ended in May. 2015 is calculated as

Net Cash per Share (A: May. 2015 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(4.064-72.336-0)/24.1082
=-2.83

Electro Rent's Net Cash per Share for the quarter that ended in Feb. 2016 is calculated as

Net Cash per Share (Q: Feb. 2016 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(18.234-62.07-0)/24.1954
=-1.81

* 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.


Electro Rent  (NAS:ELRC) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). 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.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


Electro Rent Net Cash per Share Related Terms

Thank you for viewing the detailed overview of Electro Rent's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Electro Rent (Electro Rent) Business Description

Traded in Other Exchanges
N/A
Address
Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.
Executives
James S Pignatelli director 2300 E SLINGSHOT WAY, KAMAS UT 84036
Theodore E Guth director 6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411
Joseph J Kearns director C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411
Platinum Equity Llc 10 percent owner 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
Tom Gores 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Investment Holdings Iii, Llc 10 percent owner C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Iii, Llc 10 percent owner C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
S Lee Kling director 1401 S BRENTWOOD BLVD, ST LOUIS MO 63144

Electro Rent (Electro Rent) Headlines

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