Lmp Capital &ome Fund (Lmp Capital &ome Fund) Net-Net Working Capital : $-3.69 (As of Nov. 2023)

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What is Lmp Capital &ome Fund Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Lmp Capital &ome Fund's Net-Net Working Capital for the quarter that ended in Nov. 2023 was $-3.69.

The industry rank for Lmp Capital &ome Fund's Net-Net Working Capital or its related term are showing as below:

SCD's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.18
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Lmp Capital &ome Fund Net-Net Working Capital Historical Data

The historical data trend for Lmp Capital &ome Fund's Net-Net Working Capital 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.

Lmp Capital &ome Fund Net-Net Working Capital Chart

Lmp Capital &ome Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Net-Net Working Capital

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-4.58

-3.08

-3.55

-3.53

-3.69

Lmp Capital &ome Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Net-Net Working Capital	Get a 7-Day Free Trial								-3.55	-3.48	-3.53	-3.60	-3.69

Competitive Comparison of Lmp Capital &ome Fund's Net-Net Working Capital

For the Asset Management subindustry, Lmp Capital &ome Fund's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.

Lmp Capital &ome Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Lmp Capital &ome Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Lmp Capital &ome Fund's Price-to-Net-Net-Working-Capital falls into.

Lmp Capital &ome Fund Net-Net Working Capital Calculation

Lmp Capital &ome Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2023 is calculated as

	Net-Net Working Capital		(A: Nov. 2023 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0	+	0.75 * 0	+	0.5 * 0	-	63.319
-	0	-	0)	/	17.1378
=	-3.69

Lmp Capital &ome Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Nov. 2023 is calculated as

	Net-Net Working Capital		(Q: Nov. 2023 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0	+	0.75 * 0	+	0.5 * 0	-	63.319
-	0	-	0)	/	17.1378
=	-3.69

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.

This is a conservative way of estimating the company's value.

Lmp Capital &ome Fund (NYSE:SCD) Net-Net Working Capital Explanation

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 value. They are collected under our Net-Net screener.

Lmp Capital &ome Fund Net-Net Working Capital Related Terms

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Lmp Capital &ome Fund (Lmp Capital &ome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Lmp Capital & Income Fund Inc (NYSE:SCD) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Eighth Avenue, 47th Floor, New York, NY, USA, 10018

Website

https://www.franklintempleton.com

Lmp Capital & Income Fund Inc is a United States-based non-diversified, closed-end management investment company. Its investment objective is total return with an emphasis on income. The fund invests in a broad range of equity and fixed-income securities of both the U.S. and foreign issuers. Its long-term investments consist of investments in common stocks, convertible preferred stocks, investments in underlying funds and master limited partnerships.

Executives

Oliveira Marc De	officer: Secretary/Chief Legal Officer	C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902
Jasna Dolgov	other: General Counsel/Subadviser	CLEARBRIDGE INVESTMENTS, 620 EIGHTH AVENUE, NEW YORK NY 10018
Eileen A Kamerick	director	200 NORTH ADAMS STREET, GREEN BAY WI 54301
Patrick Mcelroy	other: Portfolio Manager	CLEARBRIDGE INVESTMENTS, LLC, 620 EIGHTH AVENUE, NEW YORK NY 10018
Hoffmann Courtney A.	other: Secretary/GC Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Daniel P Cronin	director	235 EAST 42ND ST, NEW YORK NY 10017
Andrew J. Bowden	other: COO/Subadviser	WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Laura F Fergerson	other: Manager/Investment Manager	3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670
George P. Hoyt	officer: Secretary and Ch Lgl Officer	C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jed A. Plafker	other: Director of Sub-Advisers	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Gwen L Shaneyfelt	other: Director of SubAdv/ClearBridge	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Matthew Nicholls	other: Director of Sub-Advisers	ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Jennifer M Johnson	other: Director of Sub-Advisers	C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Fred Steven Jensen	officer: Chief Compliance Officer	LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018
Peter Vanderlee	other: Portfolio Manager	ATTN: CLEARBRIDGE ADVISORS, LLC, 620 EIGHTH AVENUE, 48TH FLOOR, NEW YORK NY 10018