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ABL (Abacus Global Management) Net-Net Working Capital : $-3.89 (As of Mar. 2025)


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What is Abacus Global Management 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.

Abacus Global Management's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $-3.89.

The industry rank for Abacus Global Management's Net-Net Working Capital or its related term are showing as below:

ABL's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 6.895
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Abacus Global Management Net-Net Working Capital Historical Data

The historical data trend for Abacus Global Management'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.

Abacus Global Management Net-Net Working Capital Chart

Abacus Global Management Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
- - -0.03 -2.19 -3.14

Abacus Global Management Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.23 -1.75 -2.61 -3.14 -3.89

Competitive Comparison of Abacus Global Management's Net-Net Working Capital

For the Insurance - Life subindustry, Abacus Global Management'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.


Abacus Global Management's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Abacus Global Management's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Abacus Global Management's Price-to-Net-Net-Working-Capital falls into.


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Abacus Global Management Net-Net Working Capital Calculation

Abacus Global Management's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(131.944+0.75 * 22.899+0.5 * 0-450.87
-0--0.858)/95.683
=-3.14

Abacus Global Management's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(43.762+0.75 * 12.448+0.5 * 0-420.93
-5--0.098)/95.805
=-3.89

* 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.

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. 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.


Abacus Global Management  (NAS:ABL) 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.


Abacus Global Management Net-Net Working Capital Related Terms

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Abacus Global Management Business Description

Traded in Other Exchanges
N/A
Address
2101 Park Center Drive, Suite 200, Orlando, FL, USA, 32835
Abacus Global Management Inc is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. The Company organizes its business into five reportable segments Active Management, Originations, Asset Management, Portfolio Servicing, and Technology Services. Its operations are confined to the United States.
Executives
Jay J Jackson director, officer: Chief Executive Officer 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Sean Mcnealy director, 10 percent owner, officer: Co-Founder and President 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Kevin Scott Kirby 10 percent owner, officer: Co-Founder and President 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Matthew Ganovsky 10 percent owner, officer: Co-Founder and President 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Adam Samuel Gusky officer: Chief Investment Officer RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
Mary Beth Schulte director 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Van Katwijk Cornelis Michiel director 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mccauley William Hugh Jr officer: Chief Financial Officer 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Asset Management, Llc 10 percent owner 777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487
Corbett Thomas Wingett Jr director 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Karla Radka director 2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Sponsor, Llc 10 percent owner C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Terrence M. Pegula 10 percent owner C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Alberta Investment Management Corp 10 percent owner 1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Adage Capital Partners Gp, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116