Cascade Bancorp (Cascade Bancorp) Net-Net Working Capital : $-34.11 (As of Mar. 2017)

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What is Cascade Bancorp 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.

Cascade Bancorp's Net-Net Working Capital for the quarter that ended in Mar. 2017 was $-34.11.

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

CACB's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Banks industry.
Industry Median: 7.4
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Cascade Bancorp Net-Net Working Capital Historical Data

The historical data trend for Cascade Bancorp'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.

Cascade Bancorp Net-Net Working Capital Chart

Cascade Bancorp Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Net-Net Working Capital

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-22.14

-23.86

-26.80

-28.21

-34.58

Cascade Bancorp Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Net-Net Working Capital	Get a 7-Day Free Trial															-31.59	-33.35	-34.82	-34.58	-34.11

Competitive Comparison of Cascade Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, Cascade Bancorp'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.

Cascade Bancorp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Cascade Bancorp's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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

Cascade Bancorp Net-Net Working Capital Calculation

Cascade Bancorp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as

	Net-Net Working Capital		(A: Dec. 2016 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(72.304	+	0	+	0.75 * 0	+	0.5 * 0	-	2709.406
-	0	-	0)	/	76.2622
=	-34.58

Cascade Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2017 is calculated as

	Net-Net Working Capital		(Q: Mar. 2017 )
=	(Balance Sheet Cash And Cash Equivalents	+	Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(156.995	+	0	+	0.75 * 0	+	0.5 * 0	-	2758.082
-	0	-	0)	/	76.2635
=	-34.11

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.

Cascade Bancorp (NAS:CACB) 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.

Cascade Bancorp Net-Net Working Capital Related Terms

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Cascade Bancorp (Cascade Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cascade Bancorp (NAS:CACB) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.botc.com

Cascade Bancorp was formed in 1990 and is a publicly traded bank holding company. The Bancorp conducts its business activities through its wholly-owned subsidiary, Bank of the Cascades. The Bank is an Oregon state chartered bank which operates more 28 branches serving communities in Central, Southern and Northwest Oregon, as well as in the greater Boise/Treasure Valley, Idaho area. It offers commercial and retail banking services to its customers. It lends to small to medium-sized businesses, municipalities and public organizations, professional and consumer relationships. It also provides commercial real estate loans, real estate construction and development loans, commercial and industrial loans as well as consumer installment, line-of-credit, credit card, and home equity loans. It originates residential mortgage loans that are sold on the secondary market. The Bank provides consumer deposit services with a suite of cash management services. It also provides trust-related services to its clients. The Bank competes principally with other commercial banks, savings and loan associations, credit unions, mortgage companies, brokers, and other non-bank financial services providers. It is subject to a number of state and federal legislative regulations which include, among others, the statutory maximum legal lending rates, domestic monetary policies of the Federal Reserve Board, the U.S. Department of Treasury fiscal policy, and capital adequacy and liquidity constraints imposed by federal and state regulatory agencies.

Executives

Leonard Green & Partners, L.p.	10 percent owner	11111 SANTA MONICA BLVD, STE 2000, LOS ANGELES CA 90025
Daniel J Lee	officer: EVP/CCO	5415 EVERGREEN WAY, EVERETT WA 98203
J Lamont Keen	director	1221 W IDAHO ST, BOISE ID 83702
Annette G Elg	director	1100 NW WALL STREET, BEND OR 97701
Green V Holdings, Llc	10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Green Equity Investors V, L.p.	10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Green Equity Investors Side V, L.p.	10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Gei Capital V, Llc	10 percent owner	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Michael Connolly	director	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Dennis L Johnson	director	1221 W IDAHO ST, BOISE ID 83702
Patricia L Moss	director	1100 N.W. WALL STREET, P.O. BOX 369, BEND OR 97701
Lgp Management Inc	10 percent owner	11111 SANTA MONICA BLVD, STE 2000, LOS ANGELES CA 90025
Terry E Zink	director, officer: Pres/CEO	38 FOUNTAIN SQUARE PLAZA, MD10AT76, CINCINNATI OH 45263
Donald B Marron	10 percent owner	51 WEST 52ND ST, 23RD FL, NEW YORK NY 10019
Judi Johansen	director	2786 GLENMORRIE DRIVE, LAKE OSWEGO OR 97034