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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Adhera Therapeutics's net current asset value per share for the quarter that ended in Sep. 2023 was $-5.09.
The historical rank and industry rank for Adhera Therapeutics's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Adhera Therapeutics was 1.22. The lowest was 1.11. And the median was 1.15.
The historical data trend for Adhera Therapeutics's Net Current Asset Value 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.
Adhera Therapeutics Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Net Current Asset Value | Get a 7-Day Free Trial | 4.58 | -18.19 | -26.59 | -29.54 | -7.02 |
Adhera Therapeutics Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Net Current Asset Value | Get a 7-Day Free Trial | -6.90 | -7.02 | -7.26 | -5.93 | -5.09 |
For the Biotechnology subindustry, Adhera Therapeutics's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
For the Biotechnology industry and Healthcare sector, Adhera Therapeutics's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Adhera Therapeutics's Price-to-Net-Current-Asset-Value falls into.
Adhera Therapeutics's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2022 is calculated as
Net Current Asset Value Per Share | (A: Dec. 2022 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (0.079 | - | 22.265 | - | 0 | - | 0) | / | 3.16088 |
= | -7.02 |
Adhera Therapeutics's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2023 is calculated as
Net Current Asset Value Per Share | (Q: Sep. 2023 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (0.044 | - | 26.36 | - | 0 | - | 0) | / | 5.16891 |
= | -5.09 |
* 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.
Adhera Therapeutics (OTCPK:ATRX) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Thank you for viewing the detailed overview of Adhera Therapeutics's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Zahed Subhan | director | 8000 INNOVATION PARKWAY, BATON ROUGE LA 70820 |
Trond Kydd Waerness | director | 8000 INNOVATION PARKWAY, BAON ROUGE LA 70820 |
Rice Charles L Jr | director | C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113 |
Andrew Albert Kucharchuk | director, officer: Chief Executive Officer | 549 MILGATE PLACE, BATON ROUGE LA 70810 |
Rhonda L. Stanley | officer: SVP Finance & Accounting | 5001 SOUTH MIAMA BOULEVARD, SUITE 300, DURHAM NC 27703 |
Nancy R. Phelan | director | 812 MAPLEWOOD ROAD, WAYNE PA 19087 |
Robert Eric Teague | officer: Chief Financial Officer | C/O MARINA BIOTECH, INC., 4721 EMPEROR BOULEVARD, SUITE 350, DURHAM NC 27703 |
Uli Hacksell | director | 3911 SORRENTO VALLEY BOULEVARD, SAN DIEGO CA 92121 |
Robert Jr. Moscato | officer: CEO | 400 PRATT STREET, SUITE 606, BALTIMORE MD 21202 |
Timothy Boris | director | 805 AEROVISTA PLACE, SUITE 205, SAN LUIS OBISPO CA 93401 |
Isaac Blech | director | C/O INSPIREMD, INC., 321 COLUMBUS AVENUE, BOSTON MA 02116 |
Peter D. Weinstein | officer: Chief Legal Officer | C.O MARINA BIOTECH, INC., 17870 CASTLETON STREET, SUITE 250, CITY OF INDUSTRY CA 91748 |
Amit B. Shah | officer: Chief Financial Officer | 10 AGUILA, ALISO VIEJO CA 92656 |
Erik C. Emerson | officer: Chief Commercial Officer | 2300 WEST SAHARA AVENUE, SUITE 800 - #4012, LAS VEGAS NV 89102 |
Mihir Munsif | officer: Chief Operating Officer | 21102 BRIARWOOD LANE, TRABUCO CANYON CA 92679 |
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