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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.
Clean Tech Biofuels's Net-Net Working Capital for the quarter that ended in Sep. 2019 was $-0.07.
The industry rank for Clean Tech Biofuels's Net-Net Working Capital or its related term are showing as below:
CLTH's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 7.44 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Clean Tech Biofuels (OTCPK:CLTH) 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.
Clean Tech Biofuels Net-Net Working Capital Related Terms
Clean Tech Biofuels Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Clean Tech Biofuels'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.
CLTH vs ETCK, CBNT, PVNNF: Net-Net Working Capital Comparison
For the Specialty Chemicals subindustry, Clean Tech Biofuels'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.
Clean Tech Biofuels Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Clean Tech Biofuels's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Clean Tech Biofuels'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 $-0.07 mean?
Clean Tech Biofuels (CLTH) has a Net-Net Working Capital of $-0.07 as of Sep. 2019. 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 Clean Tech Biofuels
Is Clean Tech Biofuels' Net-Net Working Capital too high?
Clean Tech Biofuels' current Net-Net Working Capital is $-0.07.
How does Clean Tech Biofuels' Net-Net Working Capital compare to ETCK and CBNT?
Clean Tech Biofuels' Net-Net Working Capital of $-0.07 can be compared against companies in the Chemicals industry. The industry median Net-Net Working Capital is 7.44. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 7.44, based on 589 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. 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 Clean Tech Biofuels For the Chemicals industry, the median Net-Net Working Capital is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clean Tech Biofuels's current Net-Net Working Capital is $-0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clean Tech Biofuels stock overvalued right now?
Clean Tech Biofuels (CLTH) has a current Net-Net Working Capital of $-0.07. The current Net-Net Working Capital is $-0.07. 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 Clean Tech Biofuels (CLTH), the current Net-Net Working Capital is $-0.07 as of Sep. 2019. 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.
Clean Tech Biofuels Inc is a development stage company engaged in providing cellulosic biomass derived from municipal solid waste (MSW). The company is involved in producing energy and other chemical products, and recyclables (metals, plastics, and glass) from the MSW. Its biomass recovery process which is based on the pressurized steam classification (PSC) technology cleans and separates MSW and generates a clean, homogeneous biomass feedstock. It focuses on designing, building, and operating a commercial biomass recovery plant that will allow the company to produce biomass feedstock for its customers.
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