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FACO (First Acceptance) Net Current Asset Value : $0.00 (As of Dec. 2024)


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What is First Acceptance 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).

First Acceptance's net current asset value per share for the quarter that ended in Dec. 2024 was $0.00.

The historical rank and industry rank for First Acceptance's Net Current Asset Value or its related term are showing as below:

FACO's Price-to-Net-Current-Asset-Value is not ranked *
in the Insurance industry.
Industry Median: 7.31
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

First Acceptance Net Current Asset Value Historical Data

The historical data trend for First Acceptance'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.

First Acceptance Net Current Asset Value Chart

First Acceptance Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net Current Asset Value
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First Acceptance Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of First Acceptance's Net Current Asset Value

For the Insurance - Specialty subindustry, First Acceptance'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.


First Acceptance's Price-to-Net-Current-Asset-Value Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, First Acceptance's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where First Acceptance's Price-to-Net-Current-Asset-Value falls into.


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First Acceptance Net Current Asset Value Calculation

First Acceptance's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net Current Asset Value Per Share(A: Dec. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-510.827-0-0)/38.191
=N/A

First Acceptance's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2024 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-510.827-0-0)/38.191
=N/A

* 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.


First Acceptance  (OTCPK:FACO) 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.


First Acceptance Net Current Asset Value Related Terms

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First Acceptance Business Description

Traded in Other Exchanges
N/A
Address
3813 Green Hills Village Drive, Nashville, TN, USA, 37215
First Acceptance Corp is engaged in the financial services sector. It is principally a retailer, servicer, and underwriter of non-standard personal automobile insurance. The company's operations generate revenue from selling non-standard personal automobile insurance products and related products in the United States. Its suite of products comprises auto insurance, renters, motorcycle, roadside assistance, and hospital insurance. the company also operates a real estate and corporate segment, which consists of the activities related to the disposition of foreclosed real estate held for sale, interest expenses associated with all debt, and other general corporate overhead expenses.
Executives
Rhodes R Bobbitt director 4500 ROLAND, #905, DALLAS TX 75219
Kenneth D Russell director 200 CRESCENT COURT, SUITE 1350, DALLAS TX 75201
Tom C Nichols director 4500 MERCANTILE PLAZA DRIVE, SUITE 300, FORT WORTH TX 76137
Brent J Gay officer: Chief Financial Officer 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Olson Lyndon L Jr director 3812 GREENLEAF DRIVE, WACO TX 76710
Jeremy B Ford director
Mark A Kelly officer: Interim CEO & President 5722 WEST HANOVER, DALLAS TX 75209
Joseph S. Borbely officer: President 1572 VANDAGRIFF WAY, CORONA CA 92883
John R Barnett officer: Sr. Vice President of Finance 111 CONGRESSIONAL BLVD, STE 500, CARMEL IN 46032
Daniel L. Walker officer: Sr. VP of Operations 3322 WEST END AVENUE, NASHVILLE TN 37203
Harrison Thomas Marshall Jr director, 10 percent owner, officer: Exec. VP & Secretary 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Gerald J Ford director, 10 percent owner, officer: Chairman 200 CRESCENT CT STE 1350, DALLAS TX 75201
Keith E. Bornemann officer: Corporate Controller 3322 WEST END AVENUE, NASHVILLE TN 37203
Shipp William A Jr director 9015 ENGLLISH WOOD COURT, BRENTWOOD TN 37027
Kevin P Cohn officer: VP & Chief Accounting Officer 4400 POST OAK PARKWAY, STE 1100, HOUSTON TX 77027