GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Four Leaf Acquisition Corp (NAS:FORL) » Definitions » Net-Net Working Capital

FORL (Four Leaf Acquisition) Net-Net Working Capital : $-1.50 (As of Mar. 2025)


View and export this data going back to 2023. Start your Free Trial

What is Four Leaf 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.

Four Leaf Acquisition's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $-1.50.

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

FORL's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Four Leaf Acquisition Net-Net Working Capital Historical Data

The historical data trend for Four Leaf 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.

Four Leaf Acquisition Net-Net Working Capital Chart

Four Leaf Acquisition Annual Data
Trend Dec22 Dec23 Dec24
Net-Net Working Capital
-0.11 -0.49 -1.35

Four Leaf Acquisition Quarterly Data
May22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.67 -1.20 -1.21 -1.35 -1.50

Competitive Comparison of Four Leaf Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, Four Leaf 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.


Four Leaf Acquisition's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Four Leaf Acquisition's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


;
;

Four Leaf Acquisition Net-Net Working Capital Calculation

Four Leaf Acquisition's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.028+0.75 * 0+0.5 * 0-5.524
-0-0)/4.078
=-1.35

Four Leaf Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.001+0.75 * 0+0.5 * 0-6.11
-0-0)/4.078
=-1.50

* 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.


Four Leaf Acquisition  (NAS:FORL) 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.


Four Leaf Acquisition Net-Net Working Capital Related Terms

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


Four Leaf Acquisition Business Description

Traded in Other Exchanges
N/A
Address
4546 El Camino Real B10 No. 715, Los Altos, CA, USA, 94022
Four Leaf Acquisition Corp is a blank check company.
Executives
Stephen Markscheid director C/O ENER-CORE, INC., 9400 TOLEDO WAY, IRVINE CA 92618
Rahul Mewawalla director 265 TURNER DRIVE, DURANGO CO 80202
Bala Padmakumar director 419 WEBSTER STREET, MONTEREY CA 93940
Alwa Sponsor Llc 10 percent owner 4556 EL CAMINO REAL B10 #75, LOS ALTOS CA 94022
Kou Coco officer: Chief Financial Officer 4556 EL CAMINO REAL B10 #75, LOS ALTOS CA 94022
Angel Orrantia director, officer: Chief Executive Officer 4556 EL CAMINO REAL B10 #75, LOS ALTOS CA 94022
Alvin Wang director 4556 EL CAMINO REAL B10 #75, LOS ALTOS CA 94022
Neve Robert De officer: Chief Strategy Officer 4556 EL CAMINO REAL B10 #75, LOS ALTOS CA 94022