Doubleline Opportunistic Credit Fund (Doubleline Opportunistic Credit Fund) Net-Net Working Capital : $-3.13 (As of Sep. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Doubleline Opportunistic Credit 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.

Doubleline Opportunistic Credit Fund's Net-Net Working Capital for the quarter that ended in Sep. 2023 was $-3.13.

The industry rank for Doubleline Opportunistic Credit Fund's Net-Net Working Capital or its related term are showing as below:

DBL's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Asset Management industry.
Industry Median: 6.225
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Doubleline Opportunistic Credit Fund Net-Net Working Capital Historical Data

The historical data trend for Doubleline Opportunistic Credit 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.

Doubleline Opportunistic Credit Fund Net-Net Working Capital Chart

Doubleline Opportunistic Credit Fund Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Net-Net Working Capital

Get a 7-Day Free Trial

-5.49

-4.86

-3.96

-2.84

-3.13

Doubleline Opportunistic Credit Fund Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Net-Net Working Capital	Get a 7-Day Free Trial								-3.96	-3.51	-2.84	-3.44	-3.13

Competitive Comparison of Doubleline Opportunistic Credit Fund's Net-Net Working Capital

For the Asset Management subindustry, Doubleline Opportunistic Credit 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.

Doubleline Opportunistic Credit Fund's Price-to-Net-Net-Working-Capital Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Doubleline Opportunistic Credit Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Doubleline Opportunistic Credit Fund's Price-to-Net-Net-Working-Capital falls into.

Doubleline Opportunistic Credit Fund Net-Net Working Capital Calculation

Doubleline Opportunistic Credit Fund's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2023 is calculated as

	Net-Net Working Capital		(A: Sep. 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)
=	(0.196	+	0	+	0.75 * 0	+	0.5 * 0	-	51.77
-	0	-	0)	/	16.4957
=	-3.13

Doubleline Opportunistic Credit Fund's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

	Net-Net Working Capital		(Q: Sep. 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)
=	(0.196	+	0	+	0.75 * 0	+	0.5 * 0	-	51.77
-	0	-	0)	/	16.4957
=	-3.13

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.

Doubleline Opportunistic Credit Fund (NYSE:DBL) 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.

Doubleline Opportunistic Credit Fund Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Doubleline Opportunistic Credit Fund's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.

Doubleline Opportunistic Credit Fund (Doubleline Opportunistic Credit Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Doubleline Opportunistic Credit Fund (NYSE:DBL) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

2002 North Tampa Street, Suite 200, Tampa, FL, USA, 33602

Website

https://www.doubleline.com

Doubleline Opportunistic Credit Fund operates as a closed-end management investment company. Its investment objective is to seek a high total investment return by providing a high level of current income and the potential for capital appreciation. The Fund invests in debt securities, residential and commercial mortgage-backed securities, asset-backed securities, U.S. Government securities, corporate debt, international sovereign debt, and short-term investments.

Executives

Lisa Chen	officer: AML Compliance Officer	C/O DOUBLELINE FUNDS, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
John C. Salter	other: Trustee	C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Jose Sarmenta	officer: AML Officer	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Joan Elam	officer: Dir of HR for DBL's Inv Adv	C/O DOUBLELINE CAPITAL, 333 SOUTH GRAND AVENUE, LOS ANGELES CA 90071
Robert Herron	officer: Vice President	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, LOS ANGELES CA 90071
Andrew Hsu	other: Portfolio Manager of DBL	C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Ken Shinoda	other: Portfolio Manager of DBL	C/O DOUBLELINE CAPITAL LP, 2002 NORTH TAMPA STREET, SUITE 200, TAMPA FL 33602
Henry V Chase	officer: See Remarks	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Maria Theresa Walker	officer: Vice President	333 SOUTH GRAND AVE 18 FLOOR, LOS ANGELES CA 90071
Dawn Oswald	officer: Vice President	C/O DOUBLELINE CAPITAL LP, 333 SOUTH GRAND AVENUE, 18TH FLOOR, LOS ANGELES CA 90071
Youse Guia	officer: CHIEF COMPLIANCE OFFICER	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Leticia A. Acosta	other: Adviser	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Adam D. Rossetti	officer: CHIEF COMPLIANCE OFFICER	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Winnie Han	officer: Assistant Treasurer	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071
Brady J. Femling	officer: Vice President	333 SOUTH GRAND AVENUE, SUITE 1800, LOS ANGELES CA 90071