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FTRPR.PFD (Frontier Communications) Net-Net Working Capital : $0.00 (As of Mar. 2021)


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What is Frontier Communications 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.

Frontier Communications's Net-Net Working Capital for the quarter that ended in Mar. 2021 was $0.00.

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

FTRPR.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 10.07
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Frontier Communications Net-Net Working Capital Historical Data

The historical data trend for Frontier Communications'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.

Frontier Communications Net-Net Working Capital Chart

Frontier Communications Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net-Net Working Capital
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Frontier Communications Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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Competitive Comparison of Frontier Communications's Net-Net Working Capital

For the Telecom Services subindustry, Frontier Communications'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.


Frontier Communications's Price-to-Net-Net-Working-Capital Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Frontier Communications's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Frontier Communications Net-Net Working Capital Calculation

Frontier Communications's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net-Net Working Capital(A: Dec. 2020 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1829+0.75 * 608+0.5 * 0-21695
-0-0)/0
=N/A

Frontier Communications's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2021 is calculated as

Net-Net Working Capital(Q: Mar. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2107+0.75 * 592+0.5 * 0-21790
-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.


Frontier Communications  (NAS:FTRPR.PFD) 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.


Frontier Communications Net-Net Working Capital Related Terms

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


Frontier Communications Business Description

Traded in Other Exchanges
N/A
Address
401 Merritt 7, Norwalk, CT, USA, 06851
Frontier Communications Corp is a provider of communications services for consumer and commercial customers in the United States. The portfolio of its services includes Data and Internet services, Video services, Voice services including both the regulated and unregulated voices, Access services, and Advanced Hardware and Network Solutions.
Executives
Sheldon Bruha officer: Chief Financial Officer 401 MERRITT 7, NORWALK CT 06851
John Maduri officer: EVP, Chief Customer Officer 401 MERRITT 7, NORWALK CT 06851
Steve Gable officer: EVP, Chief Technology Officer FRONTIER COMMUNICATIONS, 401 MERRITT 7, NORWALK CT 06851
Mark D Nielsen officer: EVP and Chief Legal Officer FRONTIER COMMUNICATIONS, 401 MERRITT 7, NORWALK CT 06851
Donald Daniels officer: SVP & Chief Accounting Officer FRONTIER COMMUNICATIONS, 401 MERRITT 7, NORWALK CT 06851
Kenneth Arndt officer: EVP, Chief Operations Officer 401 MERRITT 7, NORWALK CT 06851
Elisa Bannon-jones officer: EVP, Chief HR Officer 401 MERRITT 7, NORWALK CT 06851
Bernard L Han director, officer: President and CEO DISH NETWORK CORPORATION, 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Mohsin Y Meghji director C/O LOUGHLIN MEGHJI + COMPANY, NEW YORK NY 10016
Paul Keglevic director STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Kevin L Beebe director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Reeve Pamela D A director C/O AMERICAN TOWER CORPORATION, 116 HUNTINGTON AVE, BOSTON MA 02116
Diana Sue Ferguson director C/O SARA LEE CORP, 70 W MADISO ST, CHICAGO IL 60602
Virginia P Ruesterholz director 140 WEST STREET, NEW YORK NY 10007
Mark S Shapiro director C/O RED ZONE LLC, 21300 REDSKIN PARK DRIVE, ASHBURN VA 20147

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