Ratios	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	―	0.03	0.05	0.17	0.23
Quick Ratio	―	0.03	0.05	0.18	0.25
Cash Ratio	―	0.02	0.04	0.16	0.22
Solvency Ratio	―	<0.01	<0.01	<0.01	<0.01
Operating Cash Flow Ratio	―	<0.01	<0.01	0.01	0.03
Short-Term Operating Cash Flow Coverage	―	0.00	0.05	0.00	0.00
Net Current Asset Value	$ ―	$ -202.08M	$ -220.08M	$ -235.51M	$ -221.05M
Leverage Ratios
Debt-to-Assets Ratio	―	0.10	0.07	0.02	0.02
Debt-to-Equity Ratio	―	2.32	2.18K	0.71	0.27
Debt-to-Capital Ratio	―	0.70	1.00	0.41	0.22
Long-Term Debt-to-Capital Ratio	―	0.70	1.00	0.41	0.22
Financial Leverage Ratio	―	23.39	30.20K	44.00	16.71
Debt Service Coverage Ratio	―	0.41	0.02	1.15	2.20
Interest Coverage Ratio	―	0.31	-0.08	1.00	1.85
Debt to Market Cap	―	3.40	2.89	0.56	0.48
Interest Debt Per Share	―	88.30	71.18	18.93	17.38
Net Debt to EBITDA	―	13.25	47.73	-7.10	-6.98
Profitability Margins
Gross Profit Margin	―	100.00%	78.41%	0.07%	94.44%
EBIT Margin	―	9.52%	-1.72%	9.66%	10.29%
EBITDA Margin	―	14.16%	2.21%	13.07%	13.76%
Operating Profit Margin	―	9.75%	-1.72%	9.66%	10.29%
Pretax Profit Margin	―	9.52%	-1.72%	9.66%	10.29%
Net Profit Margin	―	8.05%	-0.74%	7.73%	8.75%
Continuous Operations Profit Margin	―	8.05%	-0.74%	7.73%	8.75%
Net Income Per EBT	―	84.49%	42.93%	80.09%	85.03%
EBT Per EBIT	―	97.68%	100.00%	100.00%	100.00%
Return on Assets (ROA)	―	0.34%	-0.04%	0.31%	0.35%
Return on Equity (ROE)	―	8.02%	-1057.25%	13.80%	5.81%
Return on Capital Employed (ROCE)	―	2.75%	-0.17%	0.59%	0.55%
Return on Invested Capital (ROIC)	―	2.32%	-0.06%	0.47%	0.46%
Return on Tangible Assets	―	0.34%	-0.04%	0.31%	0.35%
Earnings Yield	―	11.75%	-1.40%	10.98%	10.20%
Efficiency Ratios
Receivables Turnover	―	7.74	9.33	10.71	10.55
Payables Turnover	―	0.00	0.79	160.21	14.13
Inventory Turnover	―	0.00	0.00	-10.56	-0.58
Fixed Asset Turnover	―	2.69	0.00	2.97	2.81
Asset Turnover	―	0.04	0.05	0.04	0.04
Working Capital Turnover Ratio	―	-0.06	-0.12	-0.17	-0.26
Cash Conversion Cycle	―	47.13	-423.23	-2.79	-621.82
Days of Sales Outstanding	―	47.13	39.12	34.07	34.58
Days of Inventory Outstanding	―	0.00	0.00	-34.58	-630.56
Days of Payables Outstanding	―	0.00	462.35	2.28	25.84
Operating Cycle	―	47.13	39.12	-0.51	-595.98
Cash Flow Ratios
Operating Cash Flow Per Share	―	4.36	2.53	4.37	7.43
Free Cash Flow Per Share	―	3.84	0.92	2.86	6.41
CapEx Per Share	―	0.52	1.61	1.51	1.01
Free Cash Flow to Operating Cash Flow	―	0.88	0.36	0.65	0.86
Dividend Paid and CapEx Coverage Ratio	―	2.90	0.97	1.75	3.70
Capital Expenditure Coverage Ratio	―	8.40	1.57	2.89	7.32
Operating Cash Flow Coverage Ratio	―	0.06	0.04	0.29	0.48
Operating Cash Flow to Sales Ratio	―	0.13	0.06	0.11	0.20
Free Cash Flow Yield	―	16.78%	4.25%	10.59%	20.20%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	―	8.51	-71.52	9.11	9.80
Price-to-Sales (P/S) Ratio	―	0.68	0.53	0.70	0.86
Price-to-Book (P/B) Ratio	―	0.68	756.19	1.26	0.57
Price-to-Free Cash Flow (P/FCF) Ratio	―	5.96	23.53	9.45	4.95
Price-to-Operating Cash Flow Ratio	―	5.25	8.54	6.18	4.27
Price-to-Earnings Growth (PEG) Ratio	―	>-0.01	0.65	-1.05	-0.36
Price-to-Fair Value	―	0.68	756.19	1.26	0.57
Enterprise Value Multiple	―	18.08	71.60	-1.71	-0.74
Enterprise Value	―	23.67M	17.59M	-2.32M	-1.02M
EV to EBITDA	―	18.08	71.60	-1.71	-0.74
EV to Sales	―	2.56	1.58	-0.22	-0.10
EV to Free Cash Flow	―	22.29	70.57	-2.99	-0.59
EV to Operating Cash Flow	―	19.64	25.61	-1.96	-0.51
Tangible Book Value Per Share	―	33.53	28.56	21.47	55.74
Shareholders’ Equity Per Share	―	33.53	0.03	21.47	55.74
Tax and Other Ratios
Effective Tax Rate	―	0.16	0.57	0.20	0.15
Revenue Per Share	―	33.44	41.01	38.32	37.04
Net Income Per Share	―	2.69	-0.30	2.96	3.24
Tax Burden	―	0.84	0.43	0.80	0.85
Interest Burden	―	1.00	1.00	1.00	1.00
Research & Development to Revenue	―	0.00	0.00	0.00	0.00
SG&A to Revenue	―	0.00	0.00	0.00	0.00
Stock-Based Compensation to Revenue	―	0.00	0.00	0.00	0.00
Income Quality	―	1.62	-8.37K	1.47	2.29

Farmers & Merchants Bancshares (FMBN) Ratios

Farmers & Merchants Bancshares Ratios