DRI Healthcare Trust (TSX:DHT.U) Net-Net Working Capital : $-3.74 (As of Dec. 2023)

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What is DRI Healthcare Trust 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.

DRI Healthcare Trust's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-3.74.

The industry rank for DRI Healthcare Trust's Net-Net Working Capital or its related term are showing as below:

TSX:DHT.U's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 7.94
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

DRI Healthcare Trust Net-Net Working Capital Historical Data

The historical data trend for DRI Healthcare Trust'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.

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DRI Healthcare Trust Net-Net Working Capital Chart

DRI Healthcare Trust Annual Data

Trend

Dec21

Dec22

Dec23

Net-Net Working Capital

0.10

-5.94

-3.74

DRI Healthcare Trust Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net-Net Working Capital	Get a 7-Day Free Trial							-5.94	-8.36	-4.74	-3.97	-3.74

Competitive Comparison of DRI Healthcare Trust's Net-Net Working Capital

For the Drug Manufacturers - Specialty & Generic subindustry, DRI Healthcare Trust'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.

DRI Healthcare Trust's Price-to-Net-Net-Working-Capital Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, DRI Healthcare Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where DRI Healthcare Trust's Price-to-Net-Net-Working-Capital falls into.

DRI Healthcare Trust Net-Net Working Capital Calculation

DRI Healthcare Trust'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)
=	(62.835	+	0	+	0.75 * 0	+	0.5 * 0	-	273.46
-	0	-	0)	/	56.3582
=	-3.74

DRI Healthcare Trust'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)
=	(62.835	+	0	+	0.75 * 0	+	0.5 * 0	-	273.46
-	0	-	0)	/	56.3582
=	-3.74

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.

DRI Healthcare Trust (TSX:DHT.U) 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.

DRI Healthcare Trust Net-Net Working Capital Related Terms

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DRI Healthcare Trust (TSX:DHT.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » DRI Healthcare Trust (TSX:DHT.U) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

DHTRF:USA DHT.UN:Canada

Address

100 King Street West, 1 First Canadian Place, Suite 7250, Toronto, ON, CAN, M5X 1B1

Website

https://www.dricapital.com

DRI Healthcare Trust is a pioneer in global pharmaceutical royalty monetization with a more than 30-year history of accelerating innovation by providing capital to inventors, academic institutions, and biopharma companies. In return for providing capital to biopharmaceutical innovators, the company is building a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world.

DRI Healthcare Trust (TSX:DHT.U) Headlines

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