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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).
Chicago Atlantic Real Estate Finance's net current asset value per share for the quarter that ended in Mar. 2024 was $0.00.
The historical rank and industry rank for Chicago Atlantic Real Estate Finance's Net Current Asset Value or its related term are showing as below:
The historical data trend for Chicago Atlantic Real Estate Finance'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.
Chicago Atlantic Real Estate Finance Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Net Current Asset Value | - | - | - |
Chicago Atlantic Real Estate Finance Quarterly Data | ||||||||||||
Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Current Asset Value | Get a 7-Day Free Trial | - | - | - | - | - |
For the REIT - Mortgage subindustry, Chicago Atlantic Real Estate Finance'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 REITs industry and Real Estate sector, Chicago Atlantic Real Estate Finance's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Chicago Atlantic Real Estate Finance's Price-to-Net-Current-Asset-Value falls into.
Chicago Atlantic Real Estate Finance's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as
Net Current Asset Value Per Share | (A: Dec. 2023 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (N/A | - | 87.372 | - | 0 | - | 0) | / | 18.1972 |
= | N/A |
Chicago Atlantic Real Estate Finance's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2024 is calculated as
Net Current Asset Value Per Share | (Q: Mar. 2024 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (N/A | - | 97.694 | - | 0 | - | 0) | / | 19.1003 |
= | N/A |
* 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.
Chicago Atlantic Real Estate Finance (NAS:REFI) 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 Chicago Atlantic Real Estate Finance's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
John Mazarakis | director, officer: Exec. Chair of the Board | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
Andreas Bodmeier | director, officer: Co-President and CIO | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
Peter Sack | director, officer: Co-President | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
Anthony Cappell | director, officer: Chief Executive Officer | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
Phillip Silverman | officer: Interim CFO | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
David Kite | officer: Chief Operating Officer | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
Jason D Papastavrou | director | C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831 |
Frederick C Herbst | director | |
Lindsay Menze | officer: Chief Financial Officer | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
Michael L. Steiner | director | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
Brandon Konigsberg | director | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
Chicago Atlantic Fund Qp, Llc | 10 percent owner | 420 NORTH WABASH AVE., SUITE 500, CHICAGO IL 60611 |
Donald E. Gulbrandsen | director | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
Chicago Atlantic Cre Holdings, Llc | 10 percent owner | C/O CHICAGO ATLANTIC REAL ESTATE FINANCE, 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO IL 60611 |
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