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CCAJ (Coastal Capital Acquisition) Net-Net Working Capital : $0.00 (As of Sep. 2023)


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What is Coastal Capital 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.

Coastal Capital Acquisition's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $0.00.

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

CCAJ's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.11
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Coastal Capital Acquisition Net-Net Working Capital Historical Data

The historical data trend for Coastal Capital 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.

Coastal Capital Acquisition Net-Net Working Capital Chart

Coastal Capital Acquisition Annual Data
Trend
Net-Net Working Capital

Coastal Capital Acquisition Semi-Annual Data
Sep22 Sep23
Net-Net Working Capital - -

Competitive Comparison of Coastal Capital Acquisition's Net-Net Working Capital

For the Engineering & Construction subindustry, Coastal Capital 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.


Coastal Capital Acquisition's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Coastal Capital Acquisition's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Coastal Capital Acquisition Net-Net Working Capital Calculation

Coastal Capital Acquisition's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in . 20 is calculated as

Coastal Capital Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.003+0.75 * 0+0.5 * 0-0.104
-0.1-0)/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.


Coastal Capital Acquisition  (OTCPK:CCAJ) 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.


Coastal Capital Acquisition Net-Net Working Capital Related Terms

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Coastal Capital Acquisition Business Description

Traded in Other Exchanges
N/A
Address
50 North Laura Street, Suite 2500, Jacksonville, FL, USA, 32202
Coastal Capital Acquisition Corp is now a Builder primarily engaged in the construction of single-family houses and other buildings for sale on its account rather than as contractors including renovations. Its secondary business engagement is an Office of Holding companies primarily engaging in holding the equity interest in (or securities) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms.
Executives
Mark A Lewis director 200 PRESEVE ST., BOZEMAN MT 59718
Midwest Merger Management Llc 10 percent owner

Coastal Capital Acquisition Headlines

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