BGH (Barings Global Short Duration High Yield Fund) Net-Net Working Capital : $-5.89 (As of Jun. 2024)

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What is Barings Global Short Duration High Yield 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.

Barings Global Short Duration High Yield Fund's Net-Net Working Capital for the quarter that ended in Jun. 2024 was $-5.89.

The industry rank for Barings Global Short Duration High Yield Fund's Net-Net Working Capital or its related term are showing as below:

BGH's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 7.95
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Barings Global Short Duration High Yield Fund Net-Net Working Capital Historical Data

The historical data trend for Barings Global Short Duration High Yield 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.

Barings Global Short Duration High Yield Fund Net-Net Working Capital Chart

Barings Global Short Duration High Yield Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net-Net Working Capital

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-7.36

-6.78

-6.79

-5.37

-5.38

Barings Global Short Duration High Yield Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Net-Net Working Capital	Get a 7-Day Free Trial									-4.75	-5.37	-5.01	-5.38	-5.89

Competitive Comparison of Barings Global Short Duration High Yield Fund's Net-Net Working Capital

For the Asset Management subindustry, Barings Global Short Duration High Yield 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.

Barings Global Short Duration High Yield Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Barings Global Short Duration High Yield Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Barings Global Short Duration High Yield Fund's Price-to-Net-Net-Working-Capital falls into.

Barings Global Short Duration High Yield Fund Net-Net Working Capital Calculation

Barings Global Short Duration High Yield Fund'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)
=	(14.652	+	0	+	0.75 * 0	+	0.5 * 0	-	122.508
-	0	-	0)	/	20.0643
=	-5.38

Barings Global Short Duration High Yield Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2024 is calculated as

	Net-Net Working Capital		(Q: Jun. 2024 )
=	(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)
=	(12.998	+	0	+	0.75 * 0	+	0.5 * 0	-	131.177
-	0	-	0)	/	20.0643
=	-5.89

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.

Barings Global Short Duration High Yield Fund (NYSE:BGH) 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.

Barings Global Short Duration High Yield Fund Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Barings Global Short Duration High Yield Fund's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.

Barings Global Short Duration High Yield Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Barings Global Short Duration High Yield Fund (NYSE:BGH) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 South Tryon Street, Suite 2500, Charlotte, NC, USA, 28202

Website

http://www.Barings.com

Barings Global Short Duration High Yield Fund is a diversified, closed-end management investment company. Its investment objective is to seek as high a level of current income as the Adviser determines is consistent with capital preservation.

Executives

Eric Partlan	other: Adviser Board Member	BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Gregory Wayne Maccordy	other: Chief Compliance Officer	6 LAMPLIGHT LANE, WESTPORT CT 06880
Ashlee Steinnerd	officer: Chief Legal Officer	BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Michael Freno	officer: Vice President	BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Benjamin Tecmire	officer: Chief Compliance Officer	BARINGS LLC, 300 S. TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Roger W Crandall	other: Adviser Board Member	MASSACHUSETTS MUTUAL LIFE INSURANCE CO, 1295 STATE STREET, SPRINGFIELD MA 01111
Christopher Hanscom	officer: Treasurer	BARINGS LLC, 1500 MAIN STREET PO BOX 15189, SPRINGFIELD MA 01115-5189
Eric J Lloyd	other: Officer of Adviser	BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Mark F Mulhern	director	410 S. WILMINGTON STREET, RALEIGH NC 27601
Jill Olmstead	other: Trustee	BARINGS LLC, 3300 SOUTH TRYON STREET SUITE 2500, CHARLOTTE NC 28202
David Mihalick	director	BARINGS LLC, 300 SOUTH TRYON ST., STE 2500, CHARLOTTE NC 28202
Rodney J Dillman	other: Trustee	BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Elizabeth A. Murray	officer: Treasurer	BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Mark Senkpiel	other: Investment Personnel	BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Christopher Cary	other: Officer of Adviser	BARINGS LLC, 300 SOUTH TRYON STREET SUITE 2500, CHARLOTTE NC 28202