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Lefteris Acquisition (Lefteris Acquisition) Net-Net Working Capital : $0.00 (As of Jun. 2022)


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What is Lefteris 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.

Lefteris Acquisition's Net-Net Working Capital for the quarter that ended in Jun. 2022 was $0.00.

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

LFTRU'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.

Lefteris Acquisition Net-Net Working Capital Historical Data

The historical data trend for Lefteris 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.

Lefteris Acquisition Net-Net Working Capital Chart

Lefteris Acquisition Annual Data
Trend Dec20 Dec21
Net-Net Working Capital
- -

Lefteris Acquisition Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Net-Net Working Capital Get a 7-Day Free Trial - - - - -

Competitive Comparison of Lefteris Acquisition's Net-Net Working Capital

For the Shell Companies subindustry, Lefteris 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.

Lefteris 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, Lefteris Acquisition's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


Lefteris Acquisition Net-Net Working Capital Calculation

Lefteris Acquisition'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)
=(1.018+0.75 * 0+0.5 * 0-31.878
-0-0)/0
=N/A

Lefteris Acquisition's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2022 is calculated as

Net-Net Working Capital(Q: Jun. 2022 )
=(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 * 0-12.106
-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.

Lefteris Acquisition  (NAS:LFTRU) 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.

Lefteris Acquisition Net-Net Working Capital Related Terms

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Lefteris Acquisition (Lefteris Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lefteris Acquisition Corp (NAS:LFTRU) » Definitions » Net-Net Working Capital
Comparable Companies
CDAQ ENER DLCA DWIN BIOT OCA SHCA FRW IQMD WAVC GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
292 Newbury Street, Suite 293, Boston, MA, USA, 02115
Website
Lefteris Acquisition Corp is a blank check company.
Executives
Asiff S Hirji director 250 FAIR OAKS STREET, SAN FRANCISCO CA 94110
Mark S Casady director, 10 percent owner, officer: Chairman of the Board C/O ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02108
Jon D Isaacson officer: Chief Financial Officer 292 NEWBURY STREET, SUITE 293, BOSTON MA 02115
Karl A Roessner director, officer: Chief Executive Officer C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
David P. Bergers officer: General Counsel 75 STATE STREET, 23RD FLOOR, BOSTON MA 02109
Ryan Parker director C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 24TH FLOOR, BOSTON MA 02109
Charles Roame director 1735 TIBURON BOULEVARD, TIBURON CA 94920
Lefteris Holdings Llc 10 percent owner 292 NEWBURY STREET, SUITE 293, BOSTON MA 02115
April Rudin director 292 NEWBURY STREET, SUITE 293, BOSTON MA 02115

Lefteris Acquisition (Lefteris Acquisition) Headlines

From GuruFocus

Lefteris Successfully Completes its Initial Public Offering

By PRNewswire PRNewswire • 10-23-2020

Lefteris Acquisition Corp. Provides Update on Periodic Reporting

By PRNewswire PRNewswire • 05-28-2021

Lefteris Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants Commencing December 15, 2020

By PRNewswire PRNewswire • 12-12-2020