Under review

net cash per share

mrkjonesy 3 years ago updated 3 years ago 2

I didn't find this on the balance sheet perhaps I over looked it, but could net cash per share be added

net cash per share = cash and equivalents minus total debt divided by total number of shares outstanding

Under review

Hi there,

Take a look at Net Current Asset Value (NCAV) and Price to NCAV in the screener. NCAV is almost the same as Net Cash by your definition, it just includes all current assets, not just cash & equivalents. When Price to NCAV per share is less than 1, it's trading at a discount.

I find NCAV a much more useful metric than net cash per share, and there's more research backing up Ben Graham's use of it. Does this help you, or are you a big fan of net cash? If so, why?

Thanks great idea.  I'm still learning so I'll look into using NCAV.  But I do like NCP because it excludes inventory which though an asset, could potentially be manipulated to some degree.