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Dividend 15 Split II (TSX:DF) Net Current Asset Value : C$0.00 (As of Nov. 2022)


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What is Dividend 15 Split II 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).

Dividend 15 Split II's net current asset value per share for the quarter that ended in Nov. 2022 was C$0.00.

The historical rank and industry rank for Dividend 15 Split II's Net Current Asset Value or its related term are showing as below:

TSX:DF's Price-to-Net-Current-Asset-Value is not ranked *
in the Asset Management industry.
Industry Median: 3.23
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Dividend 15 Split II Net Current Asset Value Historical Data

The historical data trend for Dividend 15 Split II'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.

Dividend 15 Split II Net Current Asset Value Chart

Dividend 15 Split II Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Net Current Asset Value
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Dividend 15 Split II Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 Nov23
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Competitive Comparison of Dividend 15 Split II's Net Current Asset Value

For the Asset Management subindustry, Dividend 15 Split II'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.


Dividend 15 Split II's Price-to-Net-Current-Asset-Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Dividend 15 Split II's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Dividend 15 Split II's Price-to-Net-Current-Asset-Value falls into.



Dividend 15 Split II Net Current Asset Value Calculation

Dividend 15 Split II's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Nov. 2023 is calculated as

Net Current Asset Value Per Share(A: Nov. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-250.75-0-0)/31.1119
=N/A

Dividend 15 Split II's Net Current Asset Value (NCAV) per share for the quarter that ended in Nov. 2022 is calculated as

Net Current Asset Value Per Share(Q: Nov. 2022 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-314.352-0-0)/31.1119
=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.


Dividend 15 Split II  (TSX:DF) 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.


Dividend 15 Split II Net Current Asset Value Related Terms

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Dividend 15 Split II (TSX:DF) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O Box 51, Toronto, ON, CAN, M5V 3K2
Dividend 15 Split Corp II is a Canadian-based mutual fund corporation. The company invests in an actively managed portfolio of common shares comprised of large-capitalization dividend-yielding Canadian companies. Its investment objective for preferred shareholders is to provide fixed, cumulative, preferential quarterly cash distributions and to return the original issue price at maturity, and for class A shares holders are to provide monthly cash distributions and the opportunity for growth in Net Asset Value per share.

Dividend 15 Split II (TSX:DF) Headlines

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