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African Gold Acquisition (African Gold Acquisition) Net-Net Working Capital : $0.00 (As of Mar. 2022)


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What is African Gold Acquisition 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.

African Gold Acquisition's Net-Net Working Capital for the quarter that ended in Mar. 2022 was $0.00.

The industry rank for African Gold Acquisition's Net-Net Working Capital or its related term are showing as below:

AGAUF's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

African Gold Acquisition Net-Net Working Capital Historical Data

The historical data trend for African Gold Acquisition'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.

African Gold Acquisition Net-Net Working Capital Chart

African Gold Acquisition Annual Data
Trend Dec20 Dec21
Net-Net Working Capital
- -

African Gold Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Net-Net Working Capital Get a 7-Day Free Trial - - - - -

Competitive Comparison of African Gold Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, African Gold Acquisition'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.

African Gold Acquisition's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, African Gold Acquisition's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where African Gold Acquisition's Price-to-Net-Net-Working-Capital falls into.


African Gold Acquisition Net-Net Working Capital Calculation

African Gold Acquisition's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.544+0.75 * 0+0.5 * 0-35.672
-0-0)/0
=N/A

African Gold Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2022 is calculated as

Net-Net Working Capital(Q: Mar. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.433+0.75 * 0+0.5 * 0-23.204
-0-0)/0
=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.

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.

African Gold Acquisition  (OTCPK:AGAUF) 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.

African Gold Acquisition Net-Net Working Capital Related Terms

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African Gold Acquisition (African Gold Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » African Gold Acquisition Corp (OTCPK:AGAUF) » Definitions » Net-Net Working Capital
Comparable Companies
JOFF FINM HHLA OHPA SNRH UNEX CTAQ EQD EPHY TRAQ GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
322 West 52nd Street, Suite 2322, New York, NY, USA, 10019-9998
Website
https://www.africangoldcorp.com
African Gold Acquisition Corp is a blank check company.
Executives
Zolani Kgosietsile Matthews director 322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Robert B Hersov director NETJETS EUROPE, LTD., GRUNDSTRASSE 12, ROTKREUZ V8 6343
Izak Marais officer: Chief Operating Officer 322 WEST 52ND STREET UNIT 2322, NEW YORK NY 10019
Michael Rawlinson director 322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Bradley Doig director 322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Koosum Kalyan director 322 WEST 52ND STREET, #2322, NEW YORK NY 10019
African Gold Acquisition Sponsor Llc 10 percent owner 322 WEST 52ND STREET, 2322, NEW YORK NY 10019
Morgenthau Cooper director, officer: Chief Financial Officer 322 WEST 52ND STREET, #2322, NEW YORK NY 10019-9998
Christopher Damon Chadwick director, officer: Chief Executive Officer 322 WEST 52ND STREET, #2322, NEW YORK NY 10019
Brian Hinchcliffe director 277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172

African Gold Acquisition (African Gold Acquisition) Headlines

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