ArrowMark Financial (ArrowMark Financial) Net-Net Working Capital : $-7.14 (As of Dec. 2023)

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What is ArrowMark Financial 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.

ArrowMark Financial's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-7.14.

The industry rank for ArrowMark Financial's Net-Net Working Capital or its related term are showing as below:

BANX's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.6
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

ArrowMark Financial Net-Net Working Capital Historical Data

The historical data trend for ArrowMark Financial'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.

ArrowMark Financial Net-Net Working Capital Chart

ArrowMark Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net-Net Working Capital

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-3.27

-6.90

-9.21

-8.51

-7.14

ArrowMark Financial Quarterly Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Net-Net Working Capital	Get a 7-Day Free Trial															-7.44	-8.40	-8.51	-7.01	-7.14

Competitive Comparison of ArrowMark Financial's Net-Net Working Capital

For the Asset Management subindustry, ArrowMark Financial'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.

ArrowMark Financial's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

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

* The bar in red indicates where ArrowMark Financial's Price-to-Net-Net-Working-Capital falls into.

ArrowMark Financial Net-Net Working Capital Calculation

ArrowMark Financial's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

	Net-Net Working Capital		(A: Dec. 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)
=	(0.443	+	0	+	0.75 * 0	+	0.5 * 0	-	51.261
-	0	-	0)	/	7.11245
=	-7.14

ArrowMark Financial's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

	Net-Net Working Capital		(Q: Dec. 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)
=	(0.443	+	0	+	0.75 * 0	+	0.5 * 0	-	51.261
-	0	-	0)	/	7.11245
=	-7.14

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.

ArrowMark Financial (NAS:BANX) 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.

ArrowMark Financial Net-Net Working Capital Related Terms

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ArrowMark Financial (ArrowMark Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ArrowMark Financial Corp (NAS:BANX) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Fillmore Street, Suite 325, Denver, CO, USA, 80206

Website

https://www.stonecastle-financial.com

ArrowMark Financial Corp is a non-diversified, closed-end management investment company. Its objective is to provide stockholders with current income, and to a lesser extent capital appreciation. The company's investment in various portfolios such as debt securities, trust preferred securities, preferred shares of credit securitization, preferred securities, convertible preferred stock, exchange-traded fund, limited partnership interest, and money market fund.

Executives

John Scott Emrich	director	C/O DESTRA CAPITAL ADVISORS LLC, 444 WEST LAKE STREET, SUITE 1700, CHICAGO IL 60606-0070
Dana Staggs	officer: President	C/O ARROWMARK FINANCIAL CORP., 340 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10173
Guy M Arnold	director	518 17TH STREET, STE 1700, DENVER CO 80202
Patrick Joseph Farrell	officer: Chief Financial Officer	152 WEST 57TH STREET, NEW YORK NY 10019
Sanjai Bhonsle	director, officer: CEO	C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Richard Allen Grove	officer: Chief Compliance Officer	518 17TH STREET, 17TH FLOOR, DENVER CO 80202
Michael Stolper	director	C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Karen Reidy	director	C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Praag Michael Van	director	C/O STONECASTLE FINANCIAL CORP., 152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
S David Lentinello	officer: Controller	152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Joshua S. Siegel	director, 10 percent owner, officer: Chief Executive Officer	152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Clara Miller	director	STONECASTLE FINANCIAL CORP, 152 WEST 57TH STREET, 35TH FL., NEW YORK NY 10019
George Shilowitz	director, 10 percent owner, officer: President	152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019
Emil Henry	director	HENRY, TIGER LLC, 717 5TH AVE, FLOOR 12-A, NEW YORK NY 10022
Rachel Schatten	officer: See Remarks	152 WEST 57TH STREET, 35TH FLOOR, NEW YORK NY 10019