GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » BurgerFi International Inc (NAS:BFI) » Definitions » Net-Net Working Capital

BurgerFi International (BurgerFi International) Net-Net Working Capital : $-7.16 (As of Dec. 2023)


View and export this data going back to 2018. Start your Free Trial

What is BurgerFi International 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.

BurgerFi International's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-7.16.

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

BFI's Price-to-Net-Net-Working-Capital is not ranked *
in the Restaurants industry.
Industry Median: 13.825
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

BurgerFi International Net-Net Working Capital Historical Data

The historical data trend for BurgerFi International'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.

BurgerFi International Net-Net Working Capital Chart

BurgerFi International Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial -0.79 0.44 -5.99 -8.26 -7.16

BurgerFi International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.26 -7.79 -6.86 -6.90 -7.16

Competitive Comparison of BurgerFi International's Net-Net Working Capital

For the Restaurants subindustry, BurgerFi International'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.


BurgerFi International's Price-to-Net-Net-Working-Capital Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, BurgerFi International's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



BurgerFi International Net-Net Working Capital Calculation

BurgerFi International'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.556+0.75 * 1.368+0.5 * 1.19-201.226
-0-0)/26.8327
=-7.16

BurgerFi International'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(7.556+0.75 * 1.368+0.5 * 1.19-201.226
-0-0)/26.8327
=-7.16

* 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.


BurgerFi International  (NAS:BFI) 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.


BurgerFi International Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of BurgerFi International's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


BurgerFi International (BurgerFi International) Business Description

Traded in Other Exchanges
Address
200 West Cypress Creek Road, Suite 220, Fort Lauderdale, FL, USA, 33309
BurgerFi International Inc operates a fast food restaurant chain in domestic and international market. The company has approximately 114 BurgerFi restaurants. It offers a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, and more.
Executives
John Rosatti Revocable Trust 10 percent owner U/A DTD 08/27/2001- CUSTODY, 101 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Bachmann Carl J. Iii officer: Chief Executive Officer 200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
Christopher Emlyn Jones officer: Chief Financial Officer 205 S HOOVER BLVD STE 210, #210, TAMPA FL 33609
Shehzaan Chunara 10 percent owner 2199 GLENMORE LANE, SNELLVILLE GA 30078
Cg2 Capital Llc 10 percent owner 2199 GLENMORE LANE, SNELLVILLE GA 30078
John Iannucci officer: Chief Operating Officer 200 WEST CYPRESS CREEK RD., SUITE 220, FT LAUDERDALE FL 33309
David Heidecorn director 599 W. PUTNAM AVENUE, GREENWICH CT 06830
Lionheart Equities, Llc 10 percent owner C/O LIONHEART CAPITAL, LLC, 4218 NE 2ND AVENUE, MIAMI FL 33137
Cp7 Warming Bag, L.p. 10 percent owner 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Ophir Sternberg 10 percent owner C/O OPES ACQUISITION CORP., JAVIER BARROS SIERRA 540, OF. 103, MEXICO CITY O5 01210
Stefan Kurt Schnopp officer: See Remarks 105 U.S. HIGHWAY 1, NORTH PALM BEACH FL 33408
Michelle Zavolta officer: Chief People Officer 105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Patrick Renna officer: ACFP Brand - President 105 US HIGHWAY 1, NORTH PALM BEACH FL 33408
Ian Baines director, officer: President and CEO 6820 LBJ FREEWAY, DALLAS TX 75240
Andrew Craig Taub director 599 WEST PUTNAM AVENUE, GREENWICH CT 06830

BurgerFi International (BurgerFi International) Headlines

From GuruFocus

Derivative Action against BurgerFi Dismissed

By Marketwired 09-21-2023