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First Reserve Sustainable Growth (First Reserve Sustainable Growth) Net-Net Working Capital : $0.00 (As of Sep. 2022)


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What is First Reserve Sustainable Growth 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.

First Reserve Sustainable Growth's Net-Net Working Capital for the quarter that ended in Sep. 2022 was $0.00.

The industry rank for First Reserve Sustainable Growth's Net-Net Working Capital or its related term are showing as below:

FRSGU's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.67
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

First Reserve Sustainable Growth Net-Net Working Capital Historical Data

The historical data trend for First Reserve Sustainable Growth'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.

First Reserve Sustainable Growth Net-Net Working Capital Chart

First Reserve Sustainable Growth Annual Data
Trend Dec21
Net-Net Working Capital
-

First Reserve Sustainable Growth Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Net-Net Working Capital Get a 7-Day Free Trial - - - - -

Competitive Comparison of First Reserve Sustainable Growth's Net-Net Working Capital

For the Shell Companies subindustry, First Reserve Sustainable Growth'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.


First Reserve Sustainable Growth's Price-to-Net-Net-Working-Capital Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, First Reserve Sustainable Growth's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where First Reserve Sustainable Growth's Price-to-Net-Net-Working-Capital falls into.



First Reserve Sustainable Growth Net-Net Working Capital Calculation

First Reserve Sustainable Growth's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.113+0.75 * 0+0.5 * 0-22.549
-0-0)/0
=N/A

First Reserve Sustainable Growth's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2022 is calculated as

Net-Net Working Capital(Q: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.476+0.75 * 0+0.5 * 0-11.257
-0-0)/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.


First Reserve Sustainable Growth  (NAS:FRSGU) 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.


First Reserve Sustainable Growth Net-Net Working Capital Related Terms

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First Reserve Sustainable Growth (First Reserve Sustainable Growth) Business Description

Traded in Other Exchanges
N/A
Address
262 Harbor Drive, Third Floor, Stamford, CT, USA, 06902
First Reserve Sustainable Growth Corp is a blank check company.
Executives
E. Perot Bissell director MAXUM PETROLEUM HOLDINGS, INC., 1455 EAST PUTNAM AVENUE, OLD GREENWICH CT 06870
Adam Grosser director FOUNDATION CAPITAL, 70 WILLOW ROAD STE 200, MENLO PARK CA 94025
Gary Duane Reaves director ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830
Alex T Krueger director, officer: Chairman of the Board
Neil Alan Wizel director, officer: Chief Executive Officer 600 TRAVIS, SUITE 6000, HOUSTON TX 77002
Amy Francetic director 290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Mary Anne Brelinsky director 290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
First Reserve Sustainable Growth Sponsor Llc 10 percent owner 290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Thomas S Amburgey director, officer: Chief Financial Officer 290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902
Marvin Odum director 290 HARBOR DRIVE, FIFTH FLOOR, STAMFORD CT 06902

First Reserve Sustainable Growth (First Reserve Sustainable Growth) Headlines

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