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INET Freehold and Leasehold REIT (BKK:INETREIT) Net Current Asset Value : ฿-2.99 (As of Mar. 2024)


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What is INET Freehold and Leasehold REIT Net Current Asset Value?

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).

INET Freehold and Leasehold REIT's net current asset value per share for the quarter that ended in Mar. 2024 was ฿-2.99.

The historical rank and industry rank for INET Freehold and Leasehold REIT's Net Current Asset Value or its related term are showing as below:

BKK:INETREIT's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.01
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

INET Freehold and Leasehold REIT Net Current Asset Value Historical Data

The historical data trend for INET Freehold and Leasehold REIT'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.

* Premium members only.

INET Freehold and Leasehold REIT Net Current Asset Value Chart

INET Freehold and Leasehold REIT Annual Data
Trend Dec21 Dec22 Dec23
Net Current Asset Value
-1.89 -2.09 -1.98

INET Freehold and Leasehold REIT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.06 -2.04 -2.00 -1.98 -2.99

Competitive Comparison of INET Freehold and Leasehold REIT's Net Current Asset Value

For the REIT - Specialty subindustry, INET Freehold and Leasehold REIT'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.


INET Freehold and Leasehold REIT's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry

For the REITs industry and Real Estate sector, INET Freehold and Leasehold REIT's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where INET Freehold and Leasehold REIT's Price-to-Net-Current-Asset-Value falls into.



INET Freehold and Leasehold REIT Net Current Asset Value Calculation

INET Freehold and Leasehold REIT's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(295.414-957.066-0-0)/334.424
=-1.98

INET Freehold and Leasehold REIT's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2024 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(553.303-2059.775-0-0)/504.477
=-2.99

* 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.


INET Freehold and Leasehold REIT  (BKK:INETREIT) 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 Graham’s 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.


INET Freehold and Leasehold REIT Net Current Asset Value Related Terms

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INET Freehold and Leasehold REIT (BKK:INETREIT) Business Description

Traded in Other Exchanges
N/A
Address
New Petchaburi Road, 1768 Thai Summit Tower, 24th Floor, Khwaeng Bang Kapi, Khet Huay Khwang, Bangkok, THA, 10310
INET Leasehold REIT invests in ownership of data center buildings, substation control towers, and buildings and equipment related to project operations. The Trust only operates in one business segment which is the investment in data center real estate in Thailand.

INET Freehold and Leasehold REIT (BKK:INETREIT) Headlines

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