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Net Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents plus Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Duff & Phelps Select MLP & Midstream Energy Fund I's Net Cash per Share for the quarter that ended in Nov. 2020 was $-1.21.
The historical rank and industry rank for Duff & Phelps Select MLP & Midstream Energy Fund I's Net Cash per Share or its related term are showing as below:
The historical data trend for Duff & Phelps Select MLP & Midstream Energy Fund I's Net Cash per Share 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.
Duff & Phelps Select MLP & Midstream Energy Fund I Annual Data | |||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | |||||
Net Cash per Share | -32.61 | -32.49 | -23.17 | -1.21 |
Duff & Phelps Select MLP & Midstream Energy Fund I Semi-Annual Data | ||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | ||
Net Cash per Share | Get a 7-Day Free Trial | -32.49 | -28.77 | -23.17 | -0.92 | -1.21 |
For the Asset Management subindustry, Duff & Phelps Select MLP & Midstream Energy Fund I's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
For the Asset Management industry and Financial Services sector, Duff & Phelps Select MLP & Midstream Energy Fund I's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Duff & Phelps Select MLP & Midstream Energy Fund I's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, 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 per Share. But sometimes a company's price may be lower than its net-cash.
Duff & Phelps Select MLP & Midstream Energy Fund I's Net Cash per Share for the fiscal year that ended in Nov. 2020 is calculated as
Net Cash per Share (A: Nov. 2020 ) | |||||||||
= | (Balance Sheet Cash And Cash Equivalents | + | Marketable Securities | - | Total Liabilities | - | Minority Interest) | / | Shares Outstanding (EOP) |
= | (0.209 | + | 0 | - | 3.391 | - | 0) | / | 2.62336 |
= | -1.21 |
Duff & Phelps Select MLP & Midstream Energy Fund I's Net Cash per Share for the quarter that ended in Nov. 2020 is calculated as
Net Cash per Share (Q: Nov. 2020 ) | = | (Balance Sheet Cash And Cash Equivalents | + | Marketable Securities | - | Total Liabilities | - | Minority Interest) | / | Shares Outstanding (EOP) |
= | (0.209 | + | 0 | - | 3.391 | - | 0) | / | 2.62336 |
= | -1.21 |
* 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.
Duff & Phelps Select MLP & Midstream Energy Fund I (NYSE:DSE) 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.
Thank you for viewing the detailed overview of Duff & Phelps Select MLP & Midstream Energy Fund I's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Grumhaus David D Jr. | other: Portfolio Manager | 200 S. WACKER DRIVE, SUITE 500, CHICAGO IL 60606 |
Charles John Georgas | other: Portfolio Manager | 200 S. WACKER DRIVE SUITE 200 CHICAGO IL 60606 |
Rodney C Clayton | other: Portfolio Manager | C/O DUFF & PHELPS INVESTMENT MANAGEMENT 200 SOUTH WACKER DRIVE, SUITE 500 CHICAGO IL 60606 |
Mcdaniel Connie D | 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 |
John R Mallin | 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 |
Rogers James B Jr | director | 14 WESLEY STREET, HAMILTON D0 HM11 |
Brian T Zino | director | 100 PARK AVENUE, NEW YORK NY 10017 |
Bradley William Patrick Iii | officer: EVP, CFO and Treasurer | C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115 |
James M Oates | director | C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON ST, BOSTON MA 02116 |
Massachusetts Mutual Life Insurance Co | 10 percent owner | 1295 STATE STREET, SPRINGFIELD MA 01111 |
Guardian Life Insurance Co Of America | 10 percent owner | 10 HUDSON YARDS, NY NY 10001 |
Nathan I Partain | officer: Chief Investment Officer, other: Director of the Subadviser | DNP SELECT INCOME FUND INC, 55 E. MONROE, STE. 3600, CHICAGO IL 60603 |
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