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Spire Global (Spire Global) Net-Net Working Capital : $-4.50 (As of Mar. 2024)


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What is Spire Global 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.

Spire Global's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-4.50.

The industry rank for Spire Global's Net-Net Working Capital or its related term are showing as below:

SPIR's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.86
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Spire Global Net-Net Working Capital Historical Data

The historical data trend for Spire Global'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.

Spire Global Net-Net Working Capital Chart

Spire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net-Net Working Capital
-13.64 0.97 -3.66 -6.07

Spire Global Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net-Net Working Capital 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 -4.75 -4.61 -5.49 -6.07 -4.50

Competitive Comparison of Spire Global's Net-Net Working Capital

For the Specialty Business Services subindustry, Spire Global'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.


Spire Global's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Spire Global's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Spire Global's Price-to-Net-Net-Working-Capital falls into.



Spire Global Net-Net Working Capital Calculation

Spire Global's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(40.87+0.75 * 9.911+0.5 * 0-176.287
-0-0)/21.0973
=-6.07

Spire Global's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(63.988+0.75 * 12.346+0.5 * 0-182.662
-0-0)/24.3156
=-4.50

* 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.


Spire Global  (NYSE:SPIR) 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.


Spire Global Net-Net Working Capital Related Terms

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Spire Global (Spire Global) Business Description

Traded in Other Exchanges
Address
8000 Towers Crescent Drive, Suite 1100, Vienna, VA, USA, 22182
Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. The Company generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.
Executives
Boyd C. Johnson officer: CLO and Corporate Secretary 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Theresa Condor director, officer: EVP, GM Spire Space Services 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Peter Platzer director, officer: Chief Executive Officer 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Leonardo Basola officer: Chief Financial Officer 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Thomas Krywe officer: Chief Financial Officer 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Joan Lordi Amble director AMERICAN EXPRESS COMPANY, 200 VESEY STREET, NEW YORK NY 10285
Jack Pearlstein director 2525 NETWORK PLACE, HERNDON VA 20171
Dirk Hoke director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Elizabeth Ananda Martin officer: General Counsel 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
John F Lusk officer: VP & GM, Global Data Services 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Keith E Johnson officer: VP & General Manager, Federal 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William Porteous director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Stephen Messer director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William P Crowell other: See Remarks 41343 RASPBERRY DR, LEESBURG VA 20176
Six4 Holdings, Llc other: See Remarks 12020 SUNRISE VALLEY DRIVE, SUITE 100, RESTON VA 20191