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Infinite Acquisition (Infinite Acquisition) Net Cash per Share : $-0.32 (As of Jun. 2023)


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What is Infinite Acquisition 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). Infinite Acquisition's Net Cash per Share for the quarter that ended in Jun. 2023 was $-0.32.

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

NFNT's Price-to-Net-Cash is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.8
* Ranked among companies with meaningful Price-to-Net-Cash only.

Infinite Acquisition Net Cash per Share Historical Data

The historical data trend for Infinite Acquisition'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.

Infinite Acquisition Net Cash per Share Chart

Infinite Acquisition Annual Data
Trend Dec21 Dec22
Net Cash per Share
-0.28 -0.30

Infinite Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.29 -0.30 -0.30 -0.31 -0.32

Competitive Comparison of Infinite Acquisition's Net Cash per Share

For the Shell Companies subindustry, Infinite Acquisition'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.


Infinite Acquisition's Price-to-Net-Cash Distribution in the Diversified Financial Services Industry

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

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



Infinite Acquisition 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.

Infinite Acquisition'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)
=(0.066-10.56-0)/34.5
=-0.30

Infinite Acquisition's Net Cash per Share for the quarter that ended in Jun. 2023 is calculated as

Net Cash per Share (Q: Jun. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(0.012-10.89-0)/34.5
=-0.32

* 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.


Infinite Acquisition  (NYSE:NFNT) 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.


Infinite Acquisition Net Cash per Share Related Terms

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Infinite Acquisition (Infinite Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
745 Fifth Avenue, 15th Floor, New York, NY, USA, 10151
Infinite Acquisition Corp is a blank check company.
Executives
David Scott Farber officer: Chief Financial Officer 745 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10151
Anre D Williams director 200 VESEY STREET, NEW YORK NY 10285
Rosenstock James Arthur Iii officer: Chief Financial Officer 3280 PEACHTREE ROAD NE, SUITE 600, ATLANTA GA 30305
Infinite Sponsor, Llc 10 percent owner 660 MADISON AVENUE, NEW YORK NY 10065
Aryeh B Burkoff director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Annastasia Skilakos Seebohm director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Alex Michael officer: Chief Development Officer C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Samuel W Lessin director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Kevin Durant director, officer: Co-CEO and Director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Stacey Bendet director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065
Richard Kleiman director, officer: Co-CEO and Director C/O INFINITE ACQUISITION CORP., 660 MADISON AVENUE, NEW YORK NY 10065