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Kingsway Linked Return Of Capital Trust (TSX:KSP.UN.PFD) Net-Net Working Capital : C$0.00 (As of . 20)


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What is Kingsway Linked Return Of Capital 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.

Kingsway Linked Return Of Capital Trust's Net-Net Working Capital for the quarter that ended in . 20 was C$0.00.

The industry rank for Kingsway Linked Return Of Capital Trust's Net-Net Working Capital or its related term are showing as below:

TSX:KSP.UN.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.225
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Kingsway Linked Return Of Capital Trust Net-Net Working Capital Historical Data

The historical data trend for Kingsway Linked Return Of Capital 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.

* Premium members only.

Kingsway Linked Return Of Capital Trust Net-Net Working Capital Chart

Kingsway Linked Return Of Capital Trust Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Net-Net Working Capital
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Kingsway Linked Return Of Capital Trust Quarterly Data
Net-Net Working Capital

Competitive Comparison of Kingsway Linked Return Of Capital Trust's Net-Net Working Capital

For the Asset Management subindustry, Kingsway Linked Return Of Capital 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.


Kingsway Linked Return Of Capital Trust's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kingsway Linked Return Of Capital Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Kingsway Linked Return Of Capital Trust's Price-to-Net-Net-Working-Capital falls into.



Kingsway Linked Return Of Capital Trust Net-Net Working Capital Calculation

Kingsway Linked Return Of Capital Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2012 is calculated as

Net-Net Working Capital(A: Dec. 2012 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(71.907+0.75 * 0+0.5 * 0-67.76
-0-0)/0
=N/A

Kingsway Linked Return Of Capital Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in . 20 is calculated as

* 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.


Kingsway Linked Return Of Capital Trust  (TSX:KSP.UN.PFD) 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.


Kingsway Linked Return Of Capital Trust Net-Net Working Capital Related Terms

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Kingsway Linked Return Of Capital Trust (TSX:KSP.UN.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Kingsway Linked Return is an investment trust established in Canada. The Company seeks to provide quarterly fixed cumulative distributions of $0.3125 per LROC Preferred Unit. The Company will use the net proceeds of this offering to subscribe for and purchase all of the limited partnership units of KL Limited Partnership. The Company's activities are managed by Scotia Managed Companies Administration Inc., and overseen by the trustees of the Trust.

Kingsway Linked Return Of Capital Trust (TSX:KSP.UN.PFD) Headlines

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