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Metropolitan Bank Holding (Metropolitan Bank Holding) Net-Net Working Capital : $-513.25 (As of Dec. 2023)


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What is Metropolitan Bank Holding 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.

Metropolitan Bank Holding's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-513.25.

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

MCB's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 7.515
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Metropolitan Bank Holding Net-Net Working Capital Historical Data

The historical data trend for Metropolitan Bank Holding'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.

Metropolitan Bank Holding Net-Net Working Capital Chart

Metropolitan Bank Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -292.03 -343.53 -331.67 -455.55 -513.25

Metropolitan Bank Holding 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 -442.27 -479.75 -491.85 -513.25 -513.55

Competitive Comparison of Metropolitan Bank Holding's Net-Net Working Capital

For the Banks - Regional subindustry, Metropolitan Bank Holding'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.


Metropolitan Bank Holding's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Metropolitan Bank Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Metropolitan Bank Holding Net-Net Working Capital Calculation

Metropolitan Bank Holding'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(269.465+461.207+0.75 * 0+0.5 * 0-6408.651
-0-0)/11.0627
=-513.25

Metropolitan Bank Holding's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(269.465+461.207+0.75 * 0+0.5 * 0-6408.651
-0-0)/11.0627
=-513.25

* 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.


Metropolitan Bank Holding  (NYSE:MCB) 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.


Metropolitan Bank Holding Net-Net Working Capital Related Terms

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Metropolitan Bank Holding (Metropolitan Bank Holding) Business Description

Traded in Other Exchanges
N/A
Address
99 Park Avenue, New York, NY, USA, 10016
Metropolitan Bank Holding Corp is a bank holding company. It provides a broad range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and individuals in the New York metropolitan area. The services provided by the company include deposits, trade finance, cash management solutions, savings, electronic banking, cards, and others. The company also provides various lending products such as acquisition loans, construction loans, and lines of credit, retail, office, hospitality, multifamily, mixed-use, warehouse and distribution, and specialty use properties. The bank derives its revenue in the form of interest incomes on loans.
Executives
Daniel F Dougherty officer: EVP & CFO 99 PARK AVENUE, NEW YORK NY 10016
Gerald David Bonnar officer: SVP, Controller, CAO & PAO 99 PARK AVENUE, NEW YORK NY 10016
Frederik F Erikson officer: EVP & General Counsel 99 PARK AVENUE, NEW YORK NY 10016
David J Gold director 99 PARK AVENUE, NEW YORK NY 10016
Terence J Mitchell director 99 PARK AVENUE, NEW YORK NY 10016
Dale C Fredston director 99 PARK AVENUE, NEW YORK NY 10016
Wolf George J Jr director 99 PARK AVENUE, NEW YORK NY 10016
Mark R Defazio director, officer: President and CEO 99 PARK AVENUE, NEW YORK NY 10016
Harvey Gutman director 99 PARK AVENUE, NEW YORK NY 10016
Maria F Ramirez director 99 PARK AVENUE, NEW YORK NY 10016
Scott Lublin officer: EVP and CLO 99 PARK AVENUE, NEW YORK NY 10016
Anthony J Fabiano officer: EVP and CFO 99 PARK AVENUE, NEW YORK NY 10016
Nick Rosenberg officer: EVP and CTO 99 PARK AVENUE, NEW YORK NY 10016
Norman Scott officer: SVP and CCO 99 PARK AVENUE, NEW YORK NY 10016
Katrina Robinson director 99 PARK AVENUE, NEW YORK NY 10016

Metropolitan Bank Holding (Metropolitan Bank Holding) Headlines