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Baltic Trading (FRA:L8B) Net Cash per Share : €-3.19 (As of Mar. 2015)


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What is Baltic Trading 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). Baltic Trading's Net Cash per Share for the quarter that ended in Mar. 2015 was €-3.19.

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

FRA:L8B's Price-to-Net-Cash is not ranked *
in the Transportation industry.
Industry Median: 7.53
* Ranked among companies with meaningful Price-to-Net-Cash only.

Baltic Trading Net Cash per Share Historical Data

The historical data trend for Baltic Trading'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.

Baltic Trading Net Cash per Share Chart

Baltic Trading Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Net Cash per Share
Get a 7-Day Free Trial -3.38 -3.18 -3.33 -1.45 -2.68

Baltic Trading Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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 -1.68 -1.84 -1.96 -2.68 -3.19

Competitive Comparison of Baltic Trading's Net Cash per Share

For the Marine Shipping subindustry, Baltic Trading'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.


Baltic Trading's Price-to-Net-Cash Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Baltic Trading's Price-to-Net-Cash distribution charts can be found below:

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



Baltic Trading 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.

Baltic Trading's Net Cash per Share for the fiscal year that ended in Dec. 2014 is calculated as

Net Cash per Share (A: Dec. 2014 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(8.052-164.906-0)/58.6117
=-2.68

Baltic Trading's Net Cash per Share for the quarter that ended in Mar. 2015 is calculated as

Net Cash per Share (Q: Mar. 2015 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(13.907-200.598-0)/58.6117
=-3.19

* 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.


Baltic Trading  (FRA:L8B) 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.


Baltic Trading Net Cash per Share Related Terms

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Baltic Trading (FRA:L8B) Business Description

Traded in Other Exchanges
N/A
Address
Baltic Trading Ltd is a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct shipping business focused on the drybulk industry spot market. The Company's fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons. Its fleet contains five groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. It plans to operate all of its vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. Its customers include national, regional and international companies, including Cargill International S.A. ('Cargill'), Klaveness Chartering ('Klaveness'), Resource Marine PTE Ltd. (part of the Macquarie group of Companies) ('Resource Marine'), and Swissmarine Services S.A. ('Swissmarine'). The Company competes with other owners of drybulk carriers in the Capesize, Supramax and Handysize class sectors, some of whom may also charter its vessels as customers. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are atregistered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous merials, and the remediation of contamination and liability for damage to natural resources.

Baltic Trading (FRA:L8B) Headlines

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