Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Colonial Coal InternationalCCARF 36 Net-Net Working Capital is $0.03 as of Apr. 2026. GuruFocus rates CCARF with a GF Score™ of 36/100. Among 179 Steel companies, Colonial Coal International ranks worse than 94.97% on this metric.
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.
The industry rank for Colonial Coal International's Net-Net Working Capital or its related term are showing as below:
CCARF's Price-to-Net-Net-Working-Capital is ranked worse than 94.97% of 179
companies
in the Steel industry
Industry Median: 4.41
vs CCARF: 60.67
Colonial Coal International (OTCPK:CCARF) 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.
Colonial Coal International Net-Net Working Capital Related Terms
Colonial Coal International Net-Net Working Capital Historical Data
* 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.
Colonial Coal International Net-Net Working Capital Chart
CCARF vs HCC, AMR, METC: Net-Net Working Capital Comparison
For the Coking Coal subindustry, Colonial Coal 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.
Colonial Coal International Price-to-Net-Net-Working-Capital vs Steel Industry
For the Steel industry and Basic Materials sector, Colonial Coal International's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Colonial Coal International's Price-to-Net-Net-Working-Capital falls into.
* 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.
What does a Net-Net Working Capital of $0.03 mean?
Colonial Coal International (CCARF) has a Net-Net Working Capital of $0.03 as of Apr. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Colonial Coal International According to the industry distribution chart, Colonial Coal International ranks #170 out of 179 companies in the Steel industry, placing it in the top 95%.
Is Colonial Coal International's Net-Net Working Capital too high?
Colonial Coal International's current Net-Net Working Capital is $0.03. The Steel industry median Net-Net Working Capital is 4.41. Colonial Coal International's value of $0.03 is 99.3% below this industry median. Based on the distribution chart, Colonial Coal International ranks #170 out of 179 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Colonial Coal International has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Colonial Coal International's Net-Net Working Capital compare to HCC and AMR?
According to the Steel industry distribution chart, Colonial Coal International ranks #170 out of 179 companies for Net-Net Working Capital. This places Colonial Coal International in the lower half of its industry. The industry median Net-Net Working Capital is 4.41. Colonial Coal International's value of $0.03 is 99.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Steel company?
The median Net-Net Working Capital among Steel companies is 4.41, based on 179 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Colonial Coal International's current Net-Net Working Capital of $0.03 is 99.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Colonial Coal International For the Steel industry, the median Net-Net Working Capital is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Colonial Coal International's current Net-Net Working Capital is $0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Colonial Coal International stock overvalued right now?
Colonial Coal International (CCARF) has a current Net-Net Working Capital of $0.03. The current Net-Net Working Capital is $0.03 and 99.3% below the Steel industry median of 4.41. Colonial Coal International's overall GF Score™ is 36/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Colonial Coal International (CCARF), the current Net-Net Working Capital is $0.03 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Colonial Coal International Corp is a pure-play metallurgical coal development company. Principally, it is engaged in the acquisition, exploration, and development of coal properties located in Canada. Its projects include the Flatbed Project and the Huguenot Project located within the Peace River Coalfield of British Columbia. The company is also pursuing the acquisition of Watson Island, located just outside of Prince Rupert, British Columbia, for the purpose of developing a seaport terminal and supporting an industrial park.
36GF Score
Get the complete analysis for CCARF
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CCARF has been successfully added to your 
