Ratios	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	―	0.00	0.00	0.58	0.34
Quick Ratio	―	0.00	0.00	0.58	0.34
Cash Ratio	―	0.00	0.00	0.02	0.01
Solvency Ratio	―	0.96	1.05	-0.75	0.16
Operating Cash Flow Ratio	―	0.00	0.00	3.25	-10.04
Short-Term Operating Cash Flow Coverage	―	0.00	0.00	0.00	0.00
Net Current Asset Value	$ ―	$ -196.75M	$ -157.47M	$ -277.53M	$ -747.44M
Leverage Ratios
Debt-to-Assets Ratio	―	0.00	0.00	<0.01	0.90
Debt-to-Equity Ratio	―	0.00	0.00	<0.01	0.00
Debt-to-Capital Ratio	―	0.00	0.00	<0.01	1.00
Long-Term Debt-to-Capital Ratio	―	0.00	0.00	<0.01	0.00
Financial Leverage Ratio	―	1.12	1.10	1.24	0.00
Debt Service Coverage Ratio	―	0.00	294.05	-220.22	0.11
Interest Coverage Ratio	―	138.47	146.47	-110.19	56.85
Debt to Market Cap	―	0.00	0.00	<0.01	0.00
Interest Debt Per Share	―	0.01	0.01	0.04	6.28
Net Debt to EBITDA	―	0.00	-0.02	<0.01	0.00
Profitability Margins
Gross Profit Margin	―	100.00%	100.00%	100.00%	100.00%
EBIT Margin	―	-99.06%	198.57%	199.54%	0.00%
EBITDA Margin	―	0.00%	198.65%	199.47%	0.00%
Operating Profit Margin	―	98.35%	98.95%	99.77%	97.81%
Pretax Profit Margin	―	98.35%	98.95%	100.67%	97.81%
Net Profit Margin	―	98.35%	98.95%	100.67%	97.81%
Continuous Operations Profit Margin	―	98.35%	98.95%	100.67%	97.81%
Net Income Per EBT	―	100.00%	100.00%	100.00%	100.00%
EBT Per EBIT	―	100.00%	100.00%	100.91%	100.00%
Return on Assets (ROA)	―	10.10%	9.99%	-14.31%	15.81%
Return on Equity (ROE)	―	11.30%	11.04%	-17.71%	0.00%
Return on Capital Employed (ROCE)	―	10.10%	9.99%	-16.09%	17.12%
Return on Invested Capital (ROIC)	―	10.10%	10.13%	-16.30%	4.05%
Return on Tangible Assets	―	10.10%	9.99%	-14.31%	15.81%
Earnings Yield	―	12.08%	11.93%	-20.26%	5.66%
Efficiency Ratios
Receivables Turnover	―	17.75	6.85	-2.07	6.25
Payables Turnover	―	0.00	0.00	0.00	0.00
Inventory Turnover	―	0.00	0.00	0.00	0.00
Fixed Asset Turnover	―	0.00	0.00	0.00	0.00
Asset Turnover	―	0.10	0.10	-0.14	0.16
Working Capital Turnover Ratio	―	9.10	-5.47	4.22	-4.04
Cash Conversion Cycle	―	20.56	53.31	-175.98	58.37
Days of Sales Outstanding	―	20.56	53.31	-175.98	58.37
Days of Inventory Outstanding	―	0.00	0.00	0.00	0.00
Days of Payables Outstanding	―	0.00	0.00	0.00	0.00
Operating Cycle	―	20.56	53.31	-175.98	58.37
Cash Flow Ratios
Operating Cash Flow Per Share	―	3.34	1.58	7.56	-5.36
Free Cash Flow Per Share	―	3.34	1.58	7.56	-5.36
CapEx Per Share	―	0.00	0.00	0.00	0.00
Free Cash Flow to Operating Cash Flow	―	1.00	1.00	1.00	1.00
Dividend Paid and CapEx Coverage Ratio	―	1.26	1.10	6.25	-4.89
Capital Expenditure Coverage Ratio	―	0.00	0.00	0.00	0.00
Operating Cash Flow Coverage Ratio	―	0.00	0.00	480.87	-0.86
Operating Cash Flow to Sales Ratio	―	1.80	0.88	-2.71	-4.77
Free Cash Flow Yield	―	22.05%	10.57%	54.52%	-27.57%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	―	8.28	8.38	-4.94	17.68
Price-to-Sales (P/S) Ratio	―	8.14	8.29	-4.97	17.30
Price-to-Book (P/B) Ratio	―	0.94	0.93	0.87	0.00
Price-to-Free Cash Flow (P/FCF) Ratio	―	4.54	9.46	1.83	-3.63
Price-to-Operating Cash Flow Ratio	―	4.54	9.46	1.83	-3.63
Price-to-Earnings Growth (PEG) Ratio	―	2.95	-0.05	0.01	-4.07
Price-to-Fair Value	―	0.94	0.93	0.87	0.00
Enterprise Value Multiple	―	0.00	4.16	-2.49	0.00
Enterprise Value	―	1.60B	1.71B	1.59B	2.83B
EV to EBITDA	―	0.00	4.16	-2.49	0.00
EV to Sales	―	8.11	8.26	-4.96	22.86
EV to Free Cash Flow	―	4.52	9.42	1.83	-4.79
EV to Operating Cash Flow	―	4.52	9.42	1.83	-4.79
Tangible Book Value Per Share	―	16.20	16.15	15.87	0.00
Shareholders’ Equity Per Share	―	16.20	16.15	15.87	0.00
Tax and Other Ratios
Effective Tax Rate	―	0.00	0.00	<0.01	>-0.01
Revenue Per Share	―	1.86	1.80	-2.79	1.12
Net Income Per Share	―	1.83	1.78	-2.81	1.10
Tax Burden	―	1.00	1.00	1.00	1.00
Interest Burden	―	-0.99	0.50	0.50	0.00
Research & Development to Revenue	―	0.00	0.00	0.00	0.00
SG&A to Revenue	―	0.01	<0.01	>-0.01	0.01
Stock-Based Compensation to Revenue	―	0.00	0.00	0.00	0.00
Income Quality	―	1.83	0.89	-2.69	-4.87

BlackRock Capital (BCAT) Ratios

BlackRock Capital Ratios