Switch to:
SPDR S&P 500  (ARCA:SPY) Net Cash per Share: \$0.00 (As of . 20)

Net cash per share is calculated as Cash And Cash Equivalents minus Total Liabilities and then divided by Shares Outstanding (Diluted Average). SPDR S&P 500's net cash per share for the quarter that ended in . 20 was \$0.00.

Historical Data

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

SPDR S&P 500 Annual Data

 Net Cash per Share

SPDR S&P 500 Semi-Annual Data

 Net Cash per Share

Competitive Comparison
* 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.

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.

SPDR S&P 500'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) / Shares Outstanding (Diluted Average) = ( - N/A) / 0 = N/A

SPDR S&P 500'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) / Shares Outstanding (Diluted Average) = ( - 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.

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.

Related Terms

From the Internet

###### Investors Realize Putting Eggs One Basket

- Seekingalpha 2017-10-18 02:17:20

###### U S Equities Room Run

- Seekingalpha 2017-10-17 21:40:10

###### Elroys Elliott Wave Weekly October 16th

- Seekingalpha 2017-10-17 18:26:18

###### Black Monday Music Stopped Can Happen

- Seekingalpha 2017-10-17 18:02:04

###### So Close, Yet So Far: Dow Fails to Hold 23,000, Closes at Record High Anyway

- Barron's 2017-10-17 18:01:00

###### Why the latest round of rock-bottom ETF fees may be a non-event for investors

- MarketWatch 2017-10-17 16:21:00

###### 7 Charts Make Stocks Look Like Terrible Investment

- Seekingalpha 2017-10-17 15:09:46

###### Stock Market Dirt Cheap Bubble

- Seekingalpha 2017-10-17 15:01:40

###### Field Stock Market Dreams

- Seekingalpha 2017-10-17 14:34:33

###### Market Volatility Bulletin Options Skew Near Time High

- Seekingalpha 2017-10-17 12:54:11

###### U.S. benchmarks take flight, charting the approach of Dow 23,000

- MarketWatch 2017-10-17 12:30:00

###### The Big Flirt: The Dow Touches 23,000. Does It Matter?

- Barron's 2017-10-17 12:00:00

###### U.S. benchmarks take flight, charting the approach of Dow 23,000

- MarketWatch 2017-10-17 12:00:00

###### Eur Next Leg Lower Begins

- Seekingalpha 2017-10-17 11:25:49

###### Apple Worth 300 Warren Buffett Sees

- Seekingalpha 2017-10-17 11:17:45

###### Gold Weekly Bullish

- Seekingalpha 2017-10-17 11:03:12

###### Terrific Tuesday Apple Tests 160

- Seekingalpha 2017-10-17 10:53:10

###### Much Money Need Retirement

- Seekingalpha 2017-10-17 10:36:55

###### Daily State Markets Fund Flows

- Seekingalpha 2017-10-17 10:33:11

###### Stocks Still Strong Low Inflation Low Rates Improving Economy Tailwind

- Seekingalpha 2017-10-17 10:01:05

###### 10 Year Future Returns Model Portfolios 5 Thought Leaders

- Seekingalpha 2017-10-17 09:55:57

###### Options Strategy Hedging Next Crash

- Seekingalpha 2017-10-17 08:26:23

###### Technically Speaking Clarifying Overbought Extended Bullish

- Seekingalpha 2017-10-17 08:18:01

###### Temporary Speed Bump Expected Weigh U S Q3 Gdp Report

- Seekingalpha 2017-10-17 08:02:53

###### Market Keeps Absorbing Blows Relentlessly Rising

- Seekingalpha 2017-10-17 07:29:50

###### Wall Street Breakfast Dow Earnings Focus Amid Records

- Seekingalpha 2017-10-17 06:59:17

###### Unemployment Rate Right

- Seekingalpha 2017-10-17 06:51:48

###### Futures point to a flat open as investors gear up for Goldman Sachs, Morgan Stanley earnings

- cnbc 2017-10-17 06:48:42

###### Volatility Stock Replacement Strategy

- Seekingalpha 2017-10-17 06:23:51

###### Black Monday 2_0 Next Machine Driven Meltdown

- Seekingalpha 2017-10-17 06:09:19

###### U S Weekly Fundflows Insight Report Investors Inject Net New Money Funds Ahead Q3 Earnings

- Seekingalpha 2017-10-17 06:00:09

###### 3 Top Index Funds to Keep You in the Investing Game

- Fool 2017-10-17 06:00:00

###### 4 Headwinds Economic Growth Says Dallas Fed Chief

- Seekingalpha 2017-10-17 05:09:18

###### Moneyness Utility Network Effects

- Seekingalpha 2017-10-17 03:57:51

###### Nobody Telling Investing

- Seekingalpha 2017-10-16 19:54:43

###### It’s Your Fault! Dow Gains 85 Points, Hits New High as Rally Just Won’t Quit

- Barron's 2017-10-16 18:07:00

###### Melting Way Meltdown

- Seekingalpha 2017-10-16 17:51:05

###### Poor

- Seekingalpha 2017-10-16 15:39:30

###### Will Q3 Earnings Help Drive the Market Higher?

- Zacks 2017-10-16 15:12:00

###### Will Q3 Earnings Help Drive the Market Higher?

- Zacks 2017-10-16 14:47:00

###### Wages Low

- Seekingalpha 2017-10-16 14:13:56

###### Better Faster Cheaper

- Seekingalpha 2017-10-16 13:12:23

###### Equity Cefs Sanity Insane Market

- Seekingalpha 2017-10-16 12:28:31

###### Editors Picks Daily Inflation Misfit Stocks Market Political Utility

- Seekingalpha 2017-10-16 12:00:10

###### Timing Market Time Market Part 2 Revenge Bargain Hunters

- Seekingalpha 2017-10-16 11:22:42

###### Tight Oil Deep Water Driver

- Seekingalpha 2017-10-16 11:11:02

###### Goldman Thinks Market Will Slip Almost 6 Percent 10 Weeks

- Seekingalpha 2017-10-16 10:55:08

###### Solid ETF Asset Inflows Boost BlackRock Earnings

- Zacks 2017-10-16 09:57:00

###### "It Was 30 Years Ago This Week..."

- Zacks 2017-10-16 09:49:00

###### "It Was 30 Years Ago Today..."

- Zacks 2017-10-16 09:29:00

###### Bitcoin Charting Path Higher

- Seekingalpha 2017-10-16 08:39:52

###### Would ETFs hold up in an 1987-style crash?

- MarketWatch 2017-10-16 08:37:00

###### 3 Decades Monetary Policy Financial Instability Wonders Cash

- Seekingalpha 2017-10-16 08:07:33

###### Market Valuations Justified Low Interest Rates

- Seekingalpha 2017-10-16 08:05:22

###### Curious Case Missing Market Boom

- Seekingalpha 2017-10-16 07:29:22

###### Wall Street Breakfast Catalonia Independence

- Seekingalpha 2017-10-16 06:59:32

###### Record Highs Reached S And P 500 Week 2 October 2017

- Seekingalpha 2017-10-16 06:59:08

###### Futures point to a slightly positive open as investors gear up for Charles Schwab, Netflix earnings

- cnbc 2017-10-16 06:32:36

###### Gold Stock Market Yield Curve

- Seekingalpha 2017-10-16 06:25:28

###### Citigroup Economic Surprise Indices Little Bearing Equity Market Performance

- Seekingalpha 2017-10-16 06:19:04

###### Fed Setting Fail Next Recession

- Seekingalpha 2017-10-16 05:16:45

###### Corrections Next One Nasty May Tomorrow

- Seekingalpha 2017-10-16 05:11:35

###### Uber Economy

- Seekingalpha 2017-10-16 03:18:05

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)