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XTI Aerospace (XTI Aerospace) Net-Net Working Capital : $-0.98 (As of Dec. 2023)


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What is XTI Aerospace 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.

XTI Aerospace's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $-0.98.

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

XTIA's Price-to-Net-Net-Working-Capital is not ranked *
in the Aerospace & Defense industry.
Industry Median: 7.94
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

XTI Aerospace Net-Net Working Capital Historical Data

The historical data trend for XTI Aerospace'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.

XTI Aerospace Net-Net Working Capital Chart

XTI Aerospace Annual Data
Trend Dec21 Dec22 Dec23
Net-Net Working Capital
-15.14 -572.32 -0.98

XTI Aerospace Semi-Annual Data
Dec21 Dec22 Dec23
Net-Net Working Capital -15.14 -572.32 -0.98

Competitive Comparison of XTI Aerospace's Net-Net Working Capital

For the Aerospace & Defense subindustry, XTI Aerospace'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.


XTI Aerospace's Price-to-Net-Net-Working-Capital Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, XTI Aerospace's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



XTI Aerospace Net-Net Working Capital Calculation

XTI Aerospace'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6.254+0.75 * 0.568+0.5 * 2.415-17.04
-0-0.39)/9.78646
=-0.98

XTI Aerospace'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 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6.254+0.75 * 0.568+0.5 * 2.415-17.04
-0-0.39)/9.78646
=-0.98

* 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.


XTI Aerospace  (NAS:XTIA) 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.


XTI Aerospace Net-Net Working Capital Related Terms

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XTI Aerospace (XTI Aerospace) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
7625 South Peoria Street, Suite D11, Englewood, CO, USA, 80112
XTI Aerospace Inc is a development-stage aircraft manufacturer. XTI is developing a vertical takeoff and landing (VTOL) aircraft, the TriFan 600, which is a design-stage six-passenger aircraft that it anticipates will provide point-to-point air travel over distances of up to 700 miles while significantly reducing carbon emissions per mile compared to today's gasoline-powered jet aircraft and helicopters. The TriFan 600 is expected to have a wide usage ranging from private and commercial aviation services for businesses and high-net-worth individuals to emergency medical services (EMS).

XTI Aerospace (XTI Aerospace) Headlines