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Equifax (Equifax) Net-Net Working Capital : $-54.48 (As of Mar. 2024)


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What is Equifax 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.

Equifax's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-54.48.

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

EFX's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.9
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Equifax Net-Net Working Capital Historical Data

The historical data trend for Equifax'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.

Equifax Net-Net Working Capital Chart

Equifax Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -37.38 -35.19 -54.76 -54.39 -55.54

Equifax Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -53.82 -52.82 -56.15 -55.54 -54.48

Competitive Comparison of Equifax's Net-Net Working Capital

For the Consulting Services subindustry, Equifax'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.


Equifax's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Equifax's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Equifax Net-Net Working Capital Calculation

Equifax'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)
=(216.8+0.75 * 908.2+0.5 * 0-7592.5
-0-153.4)/123.3
=-55.54

Equifax's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(201+0.75 * 1006.1+0.5 * 0-7539.1
-0-150.7)/123.6
=-54.48

* 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.


Equifax  (NYSE:EFX) 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.


Equifax Net-Net Working Capital Related Terms

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


Equifax (Equifax) Business Description

Traded in Other Exchanges
Address
1550 Peachtree Street N.W., Atlanta, GA, USA, 30309
Along with Experian and TransUnion, Equifax is one of the leading credit bureaus in the United States. Equifax's credit reports provide credit histories on millions of consumers, and the firm's services are critical to lenders' credit decisions. In addition, about a third of the firm's revenue comes from workforce solutions, which provides income verification and employer human resources services. Equifax generates over 20% of its revenue from outside the United States.
Executives
Kelley John J Iii officer: CVP & CLC 1550 PEACHTREE STREET, NW, ATLANTA GA 30309
Julia A Houston officer: Chief Transformation Officer 1155 PERIMETER CENTER WEST, ATLANTA GA 30338
Rodolfo O Ploder officer: Group Executive C/O EQUIFAX INC., 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Bryson R Koehler officer: Chief Technology Officer 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Mark W Begor director, officer: CEO 181 METRO DRIVE, SAN JOSE CA 95110
Melissa D Goodwin director C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Gamble John W Jr officer: CVP & CFO ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
James M Griggs officer: SVP & Corp Controller 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Carla Chaney officer: CVP & Chief HR Officer 5302 LAKE VIEW CLUB, DUNWOODY GA 30338
Todd Michael Horvath officer: EVP, President USIS EQUIFAX INC, 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Karen Linn Fichuk director EQUIFAX INC., 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Lisa M Nelson officer: President-International EQUIFAX INC., 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Sid Singh officer: President - USIS 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Prasanna Dhore officer: Chief Data & Analytics Officer 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Audrey B Tillman director 1932 WYNNTON RD, COLUMBUS GA 31999