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Neuberger Berman Next Generation Connectivity Fund (Neuberger Berman Next Generation Connectivity Fund) Net-Net Working Capital : $-0.12 (As of Oct. 2023)


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What is Neuberger Berman Next Generation Connectivity Fund 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.

Neuberger Berman Next Generation Connectivity Fund's Net-Net Working Capital for the quarter that ended in Oct. 2023 was $-0.12.

The industry rank for Neuberger Berman Next Generation Connectivity Fund's Net-Net Working Capital or its related term are showing as below:

NBXG's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.125
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Neuberger Berman Next Generation Connectivity Fund Net-Net Working Capital Historical Data

The historical data trend for Neuberger Berman Next Generation Connectivity Fund'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.

Neuberger Berman Next Generation Connectivity Fund Net-Net Working Capital Chart

Neuberger Berman Next Generation Connectivity Fund Annual Data
Trend Oct21 Oct22 Oct23
Net-Net Working Capital
-0.31 -0.27 -0.12

Neuberger Berman Next Generation Connectivity Fund Semi-Annual Data
Apr22 Oct22 Apr23 Oct23
Net-Net Working Capital -0.16 -0.27 -0.14 -0.12

Competitive Comparison of Neuberger Berman Next Generation Connectivity Fund's Net-Net Working Capital

For the Asset Management subindustry, Neuberger Berman Next Generation Connectivity Fund'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.


Neuberger Berman Next Generation Connectivity Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Neuberger Berman Next Generation Connectivity Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Neuberger Berman Next Generation Connectivity Fund's Price-to-Net-Net-Working-Capital falls into.



Neuberger Berman Next Generation Connectivity Fund Net-Net Working Capital Calculation

Neuberger Berman Next Generation Connectivity Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Oct. 2023 is calculated as

Net-Net Working Capital(A: Oct. 2023 )
=(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)
=(0.604+0+0.75 * 0+0.5 * 0-9.67
-0-0)/78.7615
=-0.12

Neuberger Berman Next Generation Connectivity Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2023 is calculated as

Net-Net Working Capital(Q: Oct. 2023 )
=(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)
=(0.604+0+0.75 * 0+0.5 * 0-9.67
-0-0)/78.7615
=-0.12

* 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.

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. 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.


Neuberger Berman Next Generation Connectivity Fund  (NYSE:NBXG) 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.


Neuberger Berman Next Generation Connectivity Fund Net-Net Working Capital Related Terms

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Neuberger Berman Next Generation Connectivity Fund (Neuberger Berman Next Generation Connectivity Fund) Business Description

Traded in Other Exchanges
N/A
Address
1290 Avenue of the Americas, New York, NY, USA, 10104-0002
Neuberger Berman Next Generation Connectivity Fund Inc. is a non-diversified, closed-end management investment company. The fund's investment objectives are to provide capital appreciation and income.
Executives
Franklyn E. Smith director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Ami Kaplan director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Martha Clark Goss director C/O OCWEN FINANCIAL CORPORATION, 1661 WORTHINGTON RD, SUITE 100, WEST PALM BEACH FL 33409
Michael M Knetter director C/O LEHMAN BROTHERS INC, 399 PARK AVENUE, NEW YORK NY 10022
Hari Ramanan other: Portfolio Manager C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Timothy Creedon other: Portfolio Manager C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Yan Taw Boon other: Portfolio Manager C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Candace L Straight director C/O MONTPELIER RE HOLDINGS LTD., 94 PITTS BAY ROAD, PEMBROKE D0 HM 08
Peter P Trapp director C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVENUE 2ND FLOOR, NEW YORK NY 10158-0180
Neuberger Berman Investment Advisers Llc other: Investment Adv 1290 AVENUE OF THE AMERICAS, 26TH FLOOR, NEW YORK NY 10104
Tom D Seip director PO BOX 9280, WALNUT CREEK CA 94598
John M Mcgovern officer: Treasurer 605 THIRD AVE, NEW YORK NY 10158-3698
George W Morriss director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Joseph V Amato director 605 THIRD AVENUE, NEW YORK NY 10158-3698
Claudia A. Brandon officer: Executive Vice President 605 THIRD AVENUE, NEW YORK NY 10158-3698