GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Logistics Innovation Technologies Corp (NAS:LITT) » Definitions » Net Cash per Share

Logistics Innovation Technologies (Logistics Innovation Technologies) Net Cash per Share : $-0.36 (As of Mar. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Logistics Innovation Technologies 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). Logistics Innovation Technologies's Net Cash per Share for the quarter that ended in Mar. 2023 was $-0.36.

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

LITT's Price-to-Net-Cash is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.67
* Ranked among companies with meaningful Price-to-Net-Cash only.

Logistics Innovation Technologies Net Cash per Share Historical Data

The historical data trend for Logistics Innovation Technologies'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.

Logistics Innovation Technologies Net Cash per Share Chart

Logistics Innovation Technologies Annual Data
Trend Dec21 Dec22
Net Cash per Share
-0.61 -0.30

Logistics Innovation Technologies Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Net Cash per Share Get a 7-Day Free Trial Premium Member Only -0.41 -0.34 -0.32 -0.30 -0.36

Competitive Comparison of Logistics Innovation Technologies's Net Cash per Share

For the Shell Companies subindustry, Logistics Innovation Technologies'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.


Logistics Innovation Technologies's Price-to-Net-Cash Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Logistics Innovation Technologies's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Logistics Innovation Technologies's Price-to-Net-Cash falls into.



Logistics Innovation Technologies 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.

Logistics Innovation Technologies's Net Cash per Share for the fiscal year that ended in Dec. 2022 is calculated as

Net Cash per Share (A: Dec. 2022 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.475-13.432-0)/42.612
=-0.30

Logistics Innovation Technologies's Net Cash per Share for the quarter that ended in Mar. 2023 is calculated as

Net Cash per Share (Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.41-15.549-0)/42.612
=-0.36

* 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.


Logistics Innovation Technologies  (NAS:LITT) 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.


Logistics Innovation Technologies Net Cash per Share Related Terms

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


Logistics Innovation Technologies (Logistics Innovation Technologies) Business Description

Traded in Other Exchanges
N/A
Address
3495 Piedmont Road North East, Boulevard 11, Suite 710, One Piedmont Center, Atlanta, GA, USA, 30305
Website
Logistics Innovation Technologies Corp is a blank check company.
Executives
Andrew C Clarke director 430 AIRPORT ROAD, GREENVILLIE TN 37745
Chris T. Sultemeier director 1650 JOHN KING BLVD, #3602, ROCKWALL TX 75032
Alan Gershenhorn director, officer: CEO and Chairman 55 GLENLAKE PARKWAY NE, ATLANTA GA 30328
Isaac Applbaum 10 percent owner 65 CHALLENGER ROAD, C/O VECTOR INTERSECT SECURITY ACQ. CORP., RIDGEFILED PARK NJ 07660
Bruno Sidler director 15350 VICKERY DRIVE, HOUSTON TX 77032
1p Management Llc director, 10 percent owner 3348 PEACHTREE ROAD, SUITE 700, ATLANTA GA 30326