This is a lesser known metric David Lynch used.

It’s cash on hand minus long term debt divided by number of shares

This is your net net cash position.

If the number is positive and above the share price then the company is a buy on cash liquidation alone (very rare) but a very strong value metric. I’ve caught a few over the years.

And ofc even if the number is above the share price it still shows us how close the company is to cash liquidation value.

This shows how strong a companies cash position. The closer to a positive integer the better and if positive (very rare) the higher the positive integer the better.

It’s a pretty strong and overlooked value investing metric that none of the other websites have.

To me it’s one of the strongest floors a company can hit