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VGI (Virtus Global Multi-Sector) Net-Net Working Capital : $-3.88 (As of Nov. 2024)


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What is Virtus Global Multi-Sector 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.

Virtus Global Multi-Sector's Net-Net Working Capital for the quarter that ended in Nov. 2024 was $-3.88.

The industry rank for Virtus Global Multi-Sector's Net-Net Working Capital or its related term are showing as below:

VGI's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 7.18
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Virtus Global Multi-Sector Net-Net Working Capital Historical Data

The historical data trend for Virtus Global Multi-Sector'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.

Virtus Global Multi-Sector Net-Net Working Capital Chart

Virtus Global Multi-Sector Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Net-Net Working Capital
Get a 7-Day Free Trial -4.81 -4.79 -4.21 -3.80 -3.88

Virtus Global Multi-Sector Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24
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 -4.21 -4.10 -3.80 -3.78 -3.88

Competitive Comparison of Virtus Global Multi-Sector's Net-Net Working Capital

For the Asset Management subindustry, Virtus Global Multi-Sector'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.


Virtus Global Multi-Sector's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Global Multi-Sector's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Virtus Global Multi-Sector's Price-to-Net-Net-Working-Capital falls into.


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Virtus Global Multi-Sector Net-Net Working Capital Calculation

Virtus Global Multi-Sector's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Nov. 2024 is calculated as

Net-Net Working Capital(A: Nov. 2024 )
=(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)
=(1.512+0+0.75 * 0+0.5 * 0-45.427
-0-0)/11.313
=-3.88

Virtus Global Multi-Sector's Net-Net Working Capital (NNWC) per share for the quarter that ended in Nov. 2024 is calculated as

Net-Net Working Capital(Q: Nov. 2024 )
=(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)
=(1.512+0+0.75 * 0+0.5 * 0-45.427
-0-0)/11.313
=-3.88

* 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.


Virtus Global Multi-Sector  (NYSE:VGI) 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.


Virtus Global Multi-Sector Net-Net Working Capital Related Terms

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Virtus Global Multi-Sector Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Global Multi-Sector Inc is a United States based fund. Its investment objective is to maximize current income while preserving capital. The Fund seeks to achieve its investment objective by applying extensive credit research to capitalize on opportunities across undervalued areas of the global bond markets.
Executives
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sarah E Cogan director 1633 BROADWAY, NEW YORK NY 10019
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
John R Mallin director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sidney E Harris director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
Rogers James B Jr director 14 WESLEY STREET, HAMILTON D0 HM11
James M Oates director C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON ST, BOSTON MA 02116
Thomas F. Mann director 125 EAST ELM STREET, SUITE 200, CONSHOHOCKEN PA 19428
Benjamin Caron other: Officer of the Sub-Adviser C/O NEWFLEET ASSET MANAGEMENT, LLC, 100 PEARL STREET, HARTFORD CT 06103