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Cal Bay International (Cal Bay International) Net Current Asset Value : $-16.33 (As of Sep. 2006)


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What is Cal Bay International Net Current Asset Value?

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).

Cal Bay International's net current asset value per share for the quarter that ended in Sep. 2006 was $-16.33.

The historical rank and industry rank for Cal Bay International's Net Current Asset Value or its related term are showing as below:

CBYI's Price-to-Net-Current-Asset-Value is not ranked *
in the Capital Markets industry.
Industry Median: 2.955
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Cal Bay International Net Current Asset Value Historical Data

The historical data trend for Cal Bay International'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.

* Premium members only.

Cal Bay International Net Current Asset Value Chart

Cal Bay International Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05
Net Current Asset Value
-7.60 24.21 -24.50 -14.33 -67.12

Cal Bay International Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -324.76 -67.12 -82.86 201.43 -16.33

Competitive Comparison of Cal Bay International's Net Current Asset Value

For the Capital Markets subindustry, Cal Bay International'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.


Cal Bay International's Price-to-Net-Current-Asset-Value Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cal Bay International's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Cal Bay International's Price-to-Net-Current-Asset-Value falls into.



Cal Bay International Net Current Asset Value Calculation

Cal Bay International's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2005 is calculated as

Net Current Asset Value Per Share(A: Dec. 2005 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(0.544-1.891-0-0)/0.02007
=-67.12

Cal Bay International's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2006 is calculated as

Net Current Asset Value Per Share(Q: Sep. 2006 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(0.544-1.891-0-0)/0.08247
=-16.33

* 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.


Cal Bay International  (OTCPK:CBYI) 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 Graham’s 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.


Cal Bay International Net Current Asset Value Related Terms

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Cal Bay International (Cal Bay International) Business Description

Traded in Other Exchanges
N/A
Address
1887 Whitney Mesa Drive, No. 2127, Henderson, NV, USA, 89014
Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.