SCD (Lmp Capital &ome Fund) Net-Net Working Capital: $-3.65 (As of Nov. 2025)


SCD Lmp Capital & Income Fund Inc SCD
33 GF Score
Price $15.44
! 2 Warning Signs
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What is Lmp Capital &ome Fund Net-Net Working Capital?

Lmp Capital &ome Fund SCD -0.90% 33 Net-Net Working Capital is $-3.65 as of Nov. 2025. GuruFocus rates SCD with a GF Score™ of 33/100. The stock has 2 warning signs investors should review. Among 497 Asset Management companies, Lmp Capital &ome Fund ranks worse than 201207.04% on this metric.

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.

Lmp Capital &ome Fund's Net-Net Working Capital for the quarter that ended in Nov. 2025 was $-3.65.

The industry rank for Lmp Capital &ome Fund's Net-Net Working Capital or its related term are showing as below:

SCD's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.35
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Lmp Capital &ome Fund  (NYSE:SCD) 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.


Lmp Capital &ome Fund Net-Net Working Capital Related Terms


Lmp Capital &ome Fund Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Lmp Capital &ome Fund'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.

Lmp Capital &ome Fund Net-Net Working Capital Chart

Lmp Capital &ome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -3.48 -3.46 -3.62 -3.99 -3.65

Lmp Capital &ome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 -3.62 -3.96 -3.99 -4.09 -3.65

SCD vs JGH, MIY, HIX: Net-Net Working Capital Comparison

For the Asset Management subindustry, Lmp Capital &ome Fund'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.


Lmp Capital &ome Fund Price-to-Net-Net-Working-Capital vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Lmp Capital &ome Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Lmp Capital &ome Fund's Price-to-Net-Net-Working-Capital falls into.


SCD
33GF Score
Lmp Capital & Income Fund Inc SCD
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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Lmp Capital &ome Fund Net-Net Working Capital Calculation

Lmp Capital &ome Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2025 is calculated as

Net-Net Working Capital(A: Nov. 2025 )
=(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)
=(0+0+0.75 * 0+0.5 * 0-83.623
-0-0)/22.906
=-3.65

Lmp Capital &ome Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Nov. 2025 is calculated as

Net-Net Working Capital(Q: Nov. 2025 )
=(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)
=(0+0+0.75 * 0+0.5 * 0-83.623
-0-0)/22.906
=-3.65

* 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.

What does a Net-Net Working Capital of $-3.65 mean?
Lmp Capital &ome Fund (SCD) has a Net-Net Working Capital of $-3.65 as of Nov. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Lmp Capital &ome Fund According to the industry distribution chart, Lmp Capital &ome Fund ranks #999999 out of 497 companies in the Asset Management industry.
Is Lmp Capital &ome Fund's Net-Net Working Capital too high?
Lmp Capital &ome Fund's current Net-Net Working Capital is $-3.65. Based on the distribution chart, Lmp Capital &ome Fund ranks #999999 out of 497 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Lmp Capital &ome Fund has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Lmp Capital &ome Fund's Net-Net Working Capital compare to JGH and MIY?
According to the Asset Management industry distribution chart, Lmp Capital &ome Fund ranks #999999 out of 497 companies for Net-Net Working Capital. This places Lmp Capital &ome Fund in the lower half of its industry. The industry median Net-Net Working Capital is 6.35. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.35, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Lmp Capital &ome Fund For the Asset Management industry, the median Net-Net Working Capital is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lmp Capital &ome Fund's current Net-Net Working Capital is $-3.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lmp Capital &ome Fund stock overvalued right now?
Lmp Capital &ome Fund (SCD) has a current Net-Net Working Capital of $-3.65. The current Net-Net Working Capital is $-3.65. Lmp Capital &ome Fund's overall GF Score™ is 33/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Lmp Capital &ome Fund (SCD), the current Net-Net Working Capital is $-3.65 as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lmp Capital &ome Fund Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10018
Lmp Capital & Income Fund Inc is a United States-based non-diversified, closed-end management investment company. Its investment objective is total return with an emphasis on income. The fund invests in a broad range of equity and fixed-income securities of both the U.S. and foreign issuers. Its long-term investments consists of investments in common stocks, convertible preferred stocks, investments in underlying funds and master limited partnerships. Maximum investment in Sales in the IT sector, Cheniere Energy in the energy sector, Ares Management and U.S. Bancorp in the financials sector and Lennar in the consumer discretionary sector, and etc.
33GF Score

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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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