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SLND (Southland Holdings) Net-Net Working Capital : $-13.85 (As of Dec. 2024)


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What is Southland Holdings 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.

Southland Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2024 was $-13.85.

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

SLND's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.14
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Southland Holdings Net-Net Working Capital Historical Data

The historical data trend for Southland Holdings'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.

Southland Holdings Net-Net Working Capital Chart

Southland Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial -15.40 -11.87 -12.24 -14.01 -13.85

Southland Holdings Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -14.01 -14.47 -15.21 -14.97 -13.85

Competitive Comparison of Southland Holdings's Net-Net Working Capital

For the Engineering & Construction subindustry, Southland Holdings'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.


Southland Holdings's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Southland Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Southland Holdings Net-Net Working Capital Calculation

Southland Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(72.185+0.75 * 291.584+0.5 * 4.5-1028.24
-0-11.751)/53.936
=-13.85

Southland Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2024 is calculated as

Net-Net Working Capital(Q: Dec. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(72.185+0.75 * 291.584+0.5 * 4.5-1028.24
-0-11.751)/53.936
=-13.85

* 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.


Southland Holdings  (AMEX:SLND) 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.


Southland Holdings Net-Net Working Capital Related Terms

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


Southland Holdings Business Description

Traded in Other Exchanges
N/A
Address
1100 Kubota Drive, Grapevine, TX, USA, 76051
Southland Holdings Inc is an infrastructure construction company in North America. The company's infrastructure projects range from water conveyance systems and tunnels to long-span bridges and vertical structures. The company operates in two distinct segments: Civil and Transportation. The civil segment operates throughout North America and specializes in services that include the design and construction of water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling. The transportation segment operates throughout North America and specializes in services that include the design and construction of bridges, roadways, marine, dredging, ship terminals and piers, and specialty structures and facilities.
Executives
Frankie S. Renda director, 10 percent owner, officer: PRESIDENT AND CEO 1100 KUBOTA DR., GRAPEVINE TX 76051
Rudolph V. Renda 10 percent owner, officer: CO-COO AND EVP 1100 KUBOTA DR., GRAPEVINE TX 76051
Mario Enrique Ramirez director 822 JENNIFER COURT, HIGHLAND VILLAGE TX 75077
Izilda P Martins director 6 SYLVAN WAY, PARSIPPANY NJ 07054
Michael Kyle Burtnett director 2811 TYLER ST., SOUTHLAKE TX 76092
Walter Timothy Winn director, 10 percent owner, officer: CO-COO AND EVP 1100 KUBOTA DR., GRAPEVINE TX 76051
Gallarda Cody officer: CFO, EVP and Treasurer 3889 LADERA HEIGHTS BLVD., FRISCO TX 75034
Frank Renda 2015 Irrevocable Trust 10 percent owner 3700 SCENIC VIEW DR., FLOWER MOUND TX 75022
Ryan E Hummer director C/O LEGATO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
John Ing director C/O LEGATO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Craig L Martin director 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Adam H Jaffe officer: CFO & Corporate Secretary C/O ALLEGRO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Dana Blair Baker director 200 CRESCENT COURT, SUITE 1450, DALLAS TX 75201
Gregory R Monahan director, officer: CEO 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Brian Pratt director, other: Non-Executive Chairman 5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225