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# Net Cash per Share

: \$0.00 (As of . 20)
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Net cash per share is calculated as Cash And Cash Equivalents minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). 's net cash per share for the quarter that ended in . 20 was \$0.00.

## Net Cash per Share Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 Annual Data Net Cash per Share

 Semi-Annual Data Net Cash per Share

## Net Cash per Share Calculation

In the calculation of a company's net cash, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative net cash. But sometimes a company's price may be lower than its net-cash.

's Net Cash Per Share for the fiscal year that ended in . 20 is calculated as

 Net Cash Per Share (A: . 20 ) = (Cash And Cash Equivalents - Total Liabilities - Minority Interest) / Shares Outstanding (EOP) = ( - N/A - ) / 0 = N/A

's Net Cash Per Share for the quarter that ended in . 20 is calculated as

 Net Cash Per Share (Q: . 20 ) = (Cash And Cash Equivalents - Total Liabilities - Minority Interest) / Shares Outstanding (EOP) = ( - N/A - ) / 0 = N/A

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

(:) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). 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.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener. GuruFocus also publishes a monthly Net-Net newsletter.