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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
CEN Biotech's net current asset value per share for the quarter that ended in Mar. 2023 was $-0.15.
The historical rank and industry rank for CEN Biotech's Net Current Asset Value or its related term are showing as below:
The historical data trend for CEN Biotech's Net Current Asset Value 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.
CEN Biotech Annual Data | |||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||||||
Net Current Asset Value | Get a 7-Day Free Trial | -1.12 | -1.22 | -0.59 | -0.17 | -0.15 |
CEN Biotech Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Net Current Asset Value | Get a 7-Day Free Trial | -0.18 | -0.16 | -0.15 | -0.15 | -0.15 |
For the Drug Manufacturers - Specialty & Generic subindustry, CEN Biotech's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Drug Manufacturers industry and Healthcare sector, CEN Biotech's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where CEN Biotech's Price-to-Net-Current-Asset-Value falls into.
CEN Biotech's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2022 is calculated as
Net Current Asset Value Per Share | (A: Dec. 2022 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (0.254 | - | 10.151 | - | 0 | - | 0) | / | 64.7411 |
= | -0.15 |
CEN Biotech's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2023 is calculated as
Net Current Asset Value Per Share | (Q: Mar. 2023 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (0.299 | - | 10.118 | - | 0 | - | 0) | / | 65.2561 |
= | -0.15 |
* 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.
CEN Biotech (OTCPK:CENBF) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Thank you for viewing the detailed overview of CEN Biotech's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Lawrence Lehoux | director, officer: Chief Technology Officer | 11879 SOLOMAN ST, WINDSOR A6 N8P 1P1 |
Jeffery Allen Thomas | director | 23772 WEST ROAD #152, BROWNSTOWN TOWNSHIP MI 48183 |
Rick Leigh Purdy | director | 9 ELAINE STREET, ST. ALBERT A0 T8N7R6 |
Usamakh Saadikh | director | 3 DRUDBGY NARODOV SQUARE, KYIV 2H 04210 |
Joseph A. Byrne | director, officer: Chief Executive Officer | 6 CAMERON SIDE ROAD EAST, ESSEX A6 N8M 2X5 |
Alex Tarrabain | director | 18908 89 AVENUE, EDMONTON A0 T5T 6B7 |
Donald Strilchuck | director | 352 RIDEAU PL, TECUMSEH A6 N8N 3N9 |
Richard Boswell | director, 10 percent owner, officer: CFO Senior Executive VP | 2408 EASTERN AVE., ROCHESTER HILLS MI 48307 |
Ameen Ferris | director | 30 AYRSHIRE COURT, BRAMPTON A6 L6Z 0G6 |
Brian Payne | director, officer: Vice President | 1027 HUNTINGTON BLVD, BELLE RIVER A6 N0R 1A0 |
Aubrey De Lavenu Harold Andre | director | APT 627 VALE DO LOBO, ALMANCIL S1 8135-034 |
Bahige B. Chaaban | director, 10 percent owner, officer: Chief Executive Officer | 888 OLD TECUMSAH RD., BELLE RIVER A6 N0R 1A0 |
From GuruFocus
By ACCESSWIRE ACCESSWIRE • 11-08-2022
By ACCESSWIRE ACCESSWIRE • 07-13-2021
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