A higher current asset number allows quick sale of assets, usually at a loss, to pay off current liabilities.
But, the truth is that any net - net portfolio built on the kind of criteria I care about: long history of profitability,
high current assets (especially cash) versus total liabilities, etc. is going to have a very low beta.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan
assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to
higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign
current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
In March, Goldilocks filed a lawsuit with the Singapore
High Court against the commodities trader and some of its former and
current senior executives, alleging the company inflated its
assets, Reuters reported.
«This
asset class has a
high level of
current income, and every academic study has shown if you hold your portfolio over long period, you could get yield of 8 % a year over five to 10 years.»
The Triffin Dilemma, as this problem is known, points out that if foreign growth is
high enough relative to US growth that the need for US dollar reserves grows faster than the US economy, the resulting US
current account deficit will require that the US sell
assets fast enough, or that US obligations to foreigners grow fast enough, eventually to put the US economy at risk.
The investment objective of State Street Institutional Treasury Money Market Fund is to seek a
high level of
current income consistent with preserving principal and liquidity and the maintenance of a stable $ 1.00 per share net
asset value («NAV»).
Basically, in the
High / Low options, you predict the final price of an underlying
asset relative to its
current price.
Franklin Limited Duration Income (FTF) is a closed end fund that seeks
high current income and capital appreciation through investment in
high yield corporate bonds, floating rate bank loans and mortgage and other
asset backed securities.
The
current regulatory environment, they say, also allows fund sponsors and advisory firms «to create incentives for their advisors to recommend excessive churning (repeated buying and selling) of retirement
assets and to steer savers into
higher cost products with financial payoffs for the advisor.»
A closed - end fund seeking
high current income and relative stability of net
asset value by investing in a wide variety of fixed - income securities globally.
Higher oil prices would reinforce
current market trends based on reflation: rising long - term bond yields and a shift out of perceived safer
assets — bond proxies and low - volatility stocks — and into cyclical
assets such as EM.
Investors seeking income solely based on
current yield (with some
asset class diversification mixed in) could consider these myriad
higher yielding ETFs herein.
These accounts should hold the very
highest - return potential
assets since their returns will not be taxed at all based on
current tax law.
After giving the company credit for the expected ramp - up in production from large
current investments, the company is trading at less than 9 times earnings — too low considering that approximately a quarter of those earnings come from the very
high - return trading segment and the rest come from long - lived and well - run mining
assets.
However, cereal consumption remains
high suggesting the key to re-energizing sales could lie in «encouraging
current cereal consumers to eat it in a wider variety of situations and leveraging its strongest
asset — great taste,» said John Owen, Mintel's senior food and drink analyst.
At that point we watch the roster /
asset shuffle start all over again, as I don't see them keeping many (if any) of the
current «core» players.This is complicated by the fact that the talent level of those core players isn't
high enough to make them valuable
assets that can be used to make notable improvements in the near - term.
Barca's
current financial situations permits them to sign only after they sell valuable
assets which not going to happen by signing 30 million full - back even though they are already on
high debt basis.
In my assessment, the judiciary has done all anyone can reasonably expect in supporting the
current fight against corruption - anti-corruption cases have moved very fast to trial; and judges have imposed especially severe and onerous terms on accused persons brought before them for corrupt acts, with bail terms typically including deposit of their international passports, sureties and bail bonds with
assets equivalent to the amount allegedly embezzled; and very
high qualifications for standing as surety.
That the Parliament recognises that contract research staff in Scotland's universities and research institutes are one of the most significant
assets in Scotland's knowledge economy; notes that more than 90 % of such staff are employed on insecure fixed term contracts, resulting in a systematic failure to properly exploit our science and social science base to the benefit of the Scottish economy and society; further notes that this highly educated human resource, comprising graduate, postgraduate and postdoctoral level workers, is subject to constant wastage, to the detriment of Scotland's universities and economic potential; and believes that the Scottish Executive should act with clarity, urgency and determination to secure a complete overhaul of the management of the contract research workforce with a view to eliminating the
current insecurity and wastage and establishing a radical new approach in partnership with
higher education employers and representatives of the research staff.
John Harmon,
assets strategy manager at Warwickshire County Council said: «With the original budget, we were looking at extending and altering the
current building, but analysis showed it wouldn't be suitable for conversion into a 21st century school premises — a refurbishment option would have meant a poor learning space and the running costs would have been
high.
The reason comes back to yield: Although
current yields are low by historical standards, they look more compelling in the context of an ever shrinking pool of
high yielding
assets.
The fund seeks
high,
current income, with a secondary goal of capital appreciation, by investing under normal market conditions, at least 80 % of its net
assets in income - producing securities of sovereign or sovereign - related entities and private sector companies in emerging market countries.
The weighing machine will do its job soon enough, showing that the overvalued
asset will never produce free cash adequate to justify its
current high price.
Hormel's balance sheet is one of the strongest in corporate America, with cash exceeding debt, a very strong
current ratio (short - term
assets / short - term liabilities), and a
high interest coverage ratio.
As a test of short - term liquidity, Graham specified a
current ratio (
current assets divided by
current liabilities) of 1.5 or
higher.
In consideration of «
current asset size, recent purchase and redemption history and projected expenses,» BPV
High Quality Short Duration Income Fund (BPASX) will liquidate on July 11, 2016.
Investors seeking income solely based on
current yield (with some
asset class diversification mixed in) could consider these myriad
higher yielding ETFs herein.
A good Score (i.e., value of 1) is assigned if the
current ratio exceeds two, or net
current assets exceed long - term debt, or 10 - year history of positive earnings, or 10 - year history of returning cash to shareholders or EPS are at least a third
higher than they were 10 years ago.
Most interestingly, there is a quote from Warren Buffett which is perhaps the most quantitative statement he has made in recent years on interest rates and
current asset prices: «Warren Buffett, the most famous disciple of Ben Graham, said this week that stocks would look cheap in three years» time if interest rates were one percentage - point
higher, but not if they were three percentage points
higher.»
Asset allocation funds have
high to moderate stability of principal and moderate potential for
current income and growth.
The
current trend for most of the
asset classes is
higher — stocks, preferreds, bonds, real estate investment trusts (REITs).
Regardless, it can be a good exercise to look at the
current asset accruals of the non-financial companies that you own to see if they look
high, because of the
higher odds of an earnings disappointment if those accruals are too aggressive.
CRC has a market capitalization of only $ 2.8 M, but the company's written - down net
current asset value is much
higher at around $ 15M.
If I had to be anywhere in equities, however, I'd start in the cheapest decile of the market on a price - to - book basis and work my way through to those with the
highest proportion of
current assets.
Eagle Ford will generate one of the
highest returns on
assets of
current regions under development.
If you turn to an unconventional lender because you have a poor credit score or you don't own any
assets, you will pay a much
higher interest rate, which can easily make your
current financial situation worse.
TAVF Net - Nets count as
current assets high quality
assets, surely convertible to cash in a year or so.
The second major protective factor is the company's fortress - like balance, specifically one marked by an enormous net cash position (enough to fund the dividend for 18 years), and one of the
highest current ratios (short - term
assets / short - term liabilities) in the industry, indicating the company has no problems servicing its debt or liabilities.
Or else he will be partial to such as reveal other attractive statistical features besides their liquid -
asset position, e.g., satisfactory
current earnings and dividends, or a
high average earning power in the past.
However, considering
current metrics, I consider the short term return / attraction of a buyback is fairly even balanced against the potentially
higher returns on offer from a (gradual) investment of their cash into distressed
assets.
Focusing on Tetragon, we have: Excellent relative performance during the crisis, substantial post-crisis NAV growth, a history of share repurchases,
current 20 % RoE & IRRs, far
higher peer valuations, plus the growth potential offered by its evolving
asset management strategy & platform.
That is, these companies had a surplus of
current assets (cash, receivables, and inventory) over all liabilities (
current and long term) and had market capitalizations no
higher than two - thirds of their net
current asset value.
[NB: i) Church House's Argo stake is held by the Deep Value Investments Fund, managed by Jeroen Bos — if you haven't read it already, I can highly recommend his recent book «Deep Value Investing», ii) XXX Capital Management is a well - known European hedge fund, which hasn't publicly disclosed a holding in Argo to date, hence the redaction — Argo management are obviously aware of their shareholding & support, and iii) the letter was based on a GBP 14p share price & a
higher GBP / USD rate — at the
current 13.875 p price and exchange rate, Argo now trades at a 36 % discount to net cash and investments, and a 47 % discount to net tangible
assets.]
The strike price is usually
higher than the
current market price of the
asset when it is first traded but is usually valid for an extended period of time; and some warrants such as MINIs or perpetual warrants have no expiry dates.
When tax rates are
high, such as our
current environment where top marginal rates on regular income exceed 50 per cent in more than half the country, individuals who own capital
assets are generally more reluctant to sell them as they require greater benefits to outweigh the capital gains tax burden they will incur when they sell.
And the monthly income stream from iShares
High Yield Corporate (HYG) is a terrific risk - reward
asset in the
current environment.
A closed - end fund seeking
high current income and relative stability of net
asset value by investing in a wide variety of fixed - income securities globally.
The fund seeks to provide
high current income and relative stability of net
asset value.
However the
current environment is the first period over the last 20 years marked by the simultaneous occurrence of
high correlation and low return dispersion across managers,
asset classes, and sectors.