Atlantic Power (Atlantic Power) Net-Net Working Capital : $-8.65 (As of Mar. 2021)

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What is Atlantic Power Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Atlantic Power's Net-Net Working Capital for the quarter that ended in Mar. 2021 was $-8.65.

The industry rank for Atlantic Power's Net-Net Working Capital or its related term are showing as below:

AT's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 7
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Atlantic Power Net-Net Working Capital Historical Data

The historical data trend for Atlantic Power's Net-Net Working Capital 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.

* Premium members only.

Atlantic Power Net-Net Working Capital Chart

Atlantic Power Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Net-Net Working Capital

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-11.08

-9.11

-8.63

-8.04

-8.81

Atlantic Power Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Net-Net Working Capital	Get a 7-Day Free Trial															-7.93	-9.19	-9.28	-8.81	-8.65

Competitive Comparison of Atlantic Power's Net-Net Working Capital

For the Utilities - Independent Power Producers subindustry, Atlantic Power's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.

Atlantic Power's Price-to-Net-Net-Working-Capital Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Atlantic Power's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Atlantic Power's Price-to-Net-Net-Working-Capital falls into.

Atlantic Power Net-Net Working Capital Calculation

Atlantic Power's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2020 is calculated as

	Net-Net Working Capital		(A: Dec. 2020 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(38.8	+	0.75 * 31.3	+	0.5 * 18.3	-	688.6
-	0	-	168.8)	/	89.2226
=	-8.81

Atlantic Power's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2021 is calculated as

	Net-Net Working Capital		(Q: Mar. 2021 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(21.6	+	0.75 * 33.9	+	0.5 * 17	-	663.5
-	0	-	168.8)	/	89.7978
=	-8.65

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.

This is a conservative way of estimating the company's value.

Atlantic Power (NYSE:AT) Net-Net Working Capital Explanation

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.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

Atlantic Power Net-Net Working Capital Related Terms

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Atlantic Power (Atlantic Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Atlantic Power Corp (NYSE:AT) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Allied Drive, Suite 155, Dedham, MA, USA, 02026

Website

https://www.atlanticpower.com

Atlantic Power Corp is an independent power producer that owns power generation assets in the United States and Canada. Its power generation projects, which are diversified by geography, fuel type, dispatch profile, and offtaker, sell electricity to utilities and other large customers predominantly under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. It has four reportable segments: Solid Fuel, Natural Gas, Hydroelectric and Corporate. A vast majority of the revenues are generated from the natural gas segment.

Executives

Kevin Howell	director	2220 MONUMENT AVENUE, RICHMOND VA 23220
R Foster Duncan	director	139 E FOURTH ST, CINCINNATI OH 45202
Gilbert Samuel Palter	director	37 MISTY CRESCENT TORONTO A6 MSB IT2
Danielle S Mottor	director	870 WASHINGTON STREET HOLLISTON MA 01746
Terrence Ronan	officer: Chief Financial Officer	ONE FEDERAL STREET 30TH FLOOR BOSTON MA 02110
Joseph Cofelice	officer: EVP Commercial Development
Moore James J Jr	director, officer: Chief Executive Officer
Jeffrey S Levy	officer: SVP, General Counsel	769 WEBSTER STREET NEEDHAM MA 02492
Irving Russell Gerstein	director	200 CLARENDON STREET BOSTON MA 02116
Philip Daniel Rorabaugh	officer: SVP, Asset Management	27 ASPEN AVE AUBURNDALE MA 02466
Holli C. Ladhani	director	2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056
Teresa Ressel	director	ON SEMICONDUCTOR C/O V. PECORA (MD A700), 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
John Alexander Mcneil	director	200 CLARENDON STREET BOSTON MA 02116
Kenneth Michael Hartwick	director	200 CLARENDON STREET, BOSTON MA 02116
Paul Howard Rapisarda	officer: EVP Commercial	151 SE 15TH ROAD, APT 1802, MIAMI FL 33129