National Tax Credit Partners LP (National Tax Credit Partners LP) Total Assets : $0.06 Mil (As of Dec. 2012)

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What is National Tax Credit Partners LP Total Assets?

National Tax Credit Partners LP's Total Assets for the quarter that ended in Dec. 2012 was $0.06 Mil.

During the past 3 years, the average Total Assets Growth Rate was -74.60% per year.

During the past 7 years, National Tax Credit Partners LP's highest 3-Year average Total Assets Growth Rate was -24.30%. The lowest was 0.00%. And the median was -87.30%.

Total Assets is connected with ROA %. National Tax Credit Partners LP's annualized ROA % for the quarter that ended in Dec. 2012 was -159.77%. Total Assets is also linked to Revenue through Asset Turnover. National Tax Credit Partners LP's Asset Turnover for the quarter that ended in Dec. 2012 was 0.00.

National Tax Credit Partners LP Total Assets Historical Data

The historical data trend for National Tax Credit Partners LP's Total Assets 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.

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National Tax Credit Partners LP Total Assets Chart

National Tax Credit Partners LP Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Total Assets

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0.61

0.37

0.14

0.11

0.06

National Tax Credit Partners LP Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Total Assets	Get a 7-Day Free Trial			0.61	0.37	0.14	0.11	0.06

National Tax Credit Partners LP Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

National Tax Credit Partners LP's Total Assets for the fiscal year that ended in Dec. 2012 is calculated as

Total Assets	=	Total Equity (A: Dec. 2012 )	+	Total Liabilities (A: Dec. 2012 )
	=	-1.205	+	1.269
	=	0.06

National Tax Credit Partners LP's Total Assets for the quarter that ended in Dec. 2012 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2012 )	+	Total Liabilities (Q: Dec. 2012 )
	=	-1.205	+	1.269
	=	0.06

National Tax Credit Partners LP (OTCPK:NTXCZ) Total Assets Explanation

Total Assets is connected with ROA %.

National Tax Credit Partners LP's annualized ROA % for the quarter that ended in Dec. 2012 is

ROA %	=	Net Income (Q: Dec. 2012 )	/	( (Total Assets (Q: Dec. 2011 )	+	Total Assets (Q: Dec. 2012 ))	/ count )
	=	-0.139	/	( (0.11	+	0.064)	/ 2 )
	=	-0.139	/	0.087
	=	-159.77 %

Note: The Net Income data used here is one times the annual (Dec. 2012) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

National Tax Credit Partners LP's Asset Turnover for the quarter that ended in Dec. 2012 is

	Asset Turnover
=	Revenue (Q: Dec. 2012 )	/	( (Total Assets (Q: Dec. 2011 )	+	Total Assets (Q: Dec. 2012 ))	/ count )
=	0	/	( (0.11	+	0.064)	/ 2 )
=	0	/	0.087
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

National Tax Credit Partners LP Total Assets Related Terms

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National Tax Credit Partners LP (National Tax Credit Partners LP) Business Description

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National Tax Credit Partners, L.P. is a limited partnership formed under the laws of the State of California on March 7, 1989. The Partnership was formed to invest primarily in other limited partnerships (the Local Partnerships) which own or lease and operate multifamily housing complexes that are eligible for low-income housing tax credits, or in certain cases, historic rehabilitation tax credits (Tax Credits). The general partner of the Partnership (the General Partner) is National Partnership Investments Corp. The Partnership holds limited partnership interests in twelve Local Partnerships, located in six states and Puerto Rico. The Local Partnerships own residential projects consisting of 682 apartment units.

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