What is Chesapeake Lodging Trust 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).
Chesapeake Lodging Trust's net current asset value per share for the quarter that ended in Jun. 2019 was $0.00.
The historical rank and industry rank for Chesapeake Lodging Trust's Net Current Asset Value or its related term are showing as below:
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Chesapeake Lodging Trust was 12.66. The lowest was 0.00. And the median was 4.41.
CHSPPRACL.PFD's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.31 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Chesapeake Lodging Trust Net Current Asset Value Historical Data
The historical data trend for Chesapeake Lodging Trust'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.
Chesapeake Lodging Trust Net Current Asset Value Chart
Competitive Comparison of Chesapeake Lodging Trust's Net Current Asset Value
For the REIT - Hotel & Motel subindustry, Chesapeake Lodging Trust'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.
Chesapeake Lodging Trust's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Chesapeake Lodging Trust's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Chesapeake Lodging Trust's Price-to-Net-Current-Asset-Value falls into.
Chesapeake Lodging Trust Net Current Asset Value Calculation
Chesapeake Lodging Trust's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2018 is calculated as
* 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.
Chesapeake Lodging Trust (NYSE:CHSPPRACL.PFD) 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 Grahams 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.
Chesapeake Lodging Trust Net Current Asset Value Related Terms
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Chesapeake Lodging Trust (Chesapeake Lodging Trust) Business Description
Chesapeake Lodging Trust is a real estate investment trust that invests in upper-upscale hotels in business and convention markets and, selectively, premium select-service hotels in urban settings and other locations in the United States. The company operates through its hotel ownership segment. The firm's operations include management agreements, which includes partnering with third parties to manage its hotels; franchise agreements; and TRS lease agreements, which are intercompany agreements between Chesapeake's property-owning subsidiaries and its TRS lessees. The company's revenue streams include room, food and beverage, and other, of which the room segment contributes the vast majority of total revenue.
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