Meridian AD (XBLB:MRDN-R-A) Net-Net Working Capital: BAM0.14 (As of Dec. 2014)

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What is Meridian AD Net-Net Working Capital?

Meridian AD XBLB:MRDN-R-A Net-Net Working Capital is BAM0.14 as of Dec. 2014.

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.

Meridian AD's Net-Net Working Capital for the quarter that ended in Dec. 2014 was BAM0.14.

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

XBLB:MRDN-R-A's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.17
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Meridian AD  (XBLB:MRDN-R-A) 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.

Meridian AD Net-Net Working Capital Related Terms

Meridian AD Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Meridian AD'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.

Meridian AD Net-Net Working Capital Chart

Meridian AD Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Net-Net Working Capital
0.00 0.12 0.22 0.14

Meridian AD Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Dec14
Net-Net Working Capital Get a 7-Day Free Trial 0.00 0.12 0.08 0.22 0.14

XBLB:MRDN-R-A vs JANL: Net-Net Working Capital Comparison

For the Integrated Freight & Logistics subindustry, Meridian AD'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.

Meridian AD Price-to-Net-Net-Working-Capital vs Transportation Industry

For the Transportation industry and Industrials sector, Meridian AD's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


Meridian AD Net-Net Working Capital Calculation

Meridian AD's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2014 is calculated as

Net-Net Working Capital(A: Dec. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.096+0.75 * 8.158+0.5 * 0.011-5.212
-0-0)/7.041
=0.14

Meridian AD's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2014 is calculated as

Net-Net Working Capital(Q: Dec. 2014 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.096+0.75 * 8.158+0.5 * 0.011-5.212
-0-0)/7.041
=0.14

* 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 BAM0.14 mean?
Meridian AD (XBLB:MRDN-R-A) has a Net-Net Working Capital of BAM0.14 as of Dec. 2014. 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 Meridian AD
Is Meridian AD's Net-Net Working Capital too high?
Meridian AD's current Net-Net Working Capital is BAM0.14.
How does Meridian AD's Net-Net Working Capital compare to JANL?
Meridian AD's Net-Net Working Capital of BAM0.14 can be compared against companies in the Transportation industry. The industry median Net-Net Working Capital is 6.17. 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 a Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.17, based on 218 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 Meridian AD For the Transportation industry, the median Net-Net Working Capital is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian AD's current Net-Net Working Capital is BAM0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridian AD stock overvalued right now?
Meridian AD (XBLB:MRDN-R-A) has a current Net-Net Working Capital of BAM0.14. The current Net-Net Working Capital is BAM0.14. 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 Meridian AD (XBLB:MRDN-R-A), the current Net-Net Working Capital is BAM0.14 as of Dec. 2014. 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.

Meridian AD Business Description

Address Branka Perduva bb, Banja Luka, BIH, 78000
Meridian AD operates in the integrated shipping and logistics industry in Bosnia and Herzegovina. The services offered by the company include organization of transport, collective transport, customs brokerage, storage of goods, and consulting.