Ratios	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	―	0.05	0.04	0.02	0.10
Quick Ratio	―	0.05	0.04	0.02	0.10
Cash Ratio	―	0.04	0.03	0.02	0.05
Solvency Ratio	―	<0.01	<0.01	0.01	0.02
Operating Cash Flow Ratio	―	<0.01	0.02	0.02	0.03
Short-Term Operating Cash Flow Coverage	―	0.00	0.00	0.00	0.00
Net Current Asset Value	$ ―	$ -873.70M	$ -911.94M	$ -958.57M	$ -881.14M
Leverage Ratios
Debt-to-Assets Ratio	―	0.06	0.06	0.08	0.02
Debt-to-Equity Ratio	―	0.71	0.82	1.30	0.24
Debt-to-Capital Ratio	―	0.41	0.45	0.56	0.20
Long-Term Debt-to-Capital Ratio	―	0.41	0.45	0.56	0.20
Financial Leverage Ratio	―	11.87	12.86	15.42	11.13
Debt Service Coverage Ratio	―	0.46	0.57	2.61	3.30
Interest Coverage Ratio	―	0.44	0.56	2.62	3.63
Debt to Market Cap	―	0.85	0.66	0.89	0.15
Interest Debt Per Share	―	66.81	68.14	79.60	24.11
Net Debt to EBITDA	―	2.55	4.09	5.35	-1.12
Profitability Margins
Gross Profit Margin	―	68.15%	73.87%	90.58%	92.38%
EBIT Margin	―	14.08%	14.70%	24.66%	27.63%
EBITDA Margin	―	16.45%	17.43%	28.46%	30.55%
Operating Profit Margin	―	14.08%	14.70%	24.66%	27.63%
Pretax Profit Margin	―	14.08%	14.70%	24.66%	27.63%
Net Profit Margin	―	12.17%	12.07%	20.81%	22.19%
Continuous Operations Profit Margin	―	12.17%	12.07%	20.81%	22.19%
Net Income Per EBT	―	86.44%	82.11%	84.39%	80.32%
EBT Per EBIT	―	100.00%	100.00%	100.00%	100.00%
Return on Assets (ROA)	―	0.70%	0.63%	0.96%	1.22%
Return on Equity (ROE)	―	8.30%	8.08%	14.76%	13.58%
Return on Capital Employed (ROCE)	―	5.23%	4.99%	7.20%	12.41%
Return on Invested Capital (ROIC)	―	4.52%	4.10%	6.07%	9.97%
Return on Tangible Assets	―	0.71%	0.64%	0.98%	1.24%
Earnings Yield	―	10.01%	6.52%	10.14%	8.25%
Efficiency Ratios
Receivables Turnover	―	15.49	13.84	13.12	18.08
Payables Turnover	―	0.00	0.00	0.00	0.00
Inventory Turnover	―	0.00	0.00	0.00	0.00
Fixed Asset Turnover	―	4.46	4.68	5.04	8.47
Asset Turnover	―	0.06	0.05	0.05	0.05
Working Capital Turnover Ratio	―	-0.07	-0.06	-0.06	-0.14
Cash Conversion Cycle	―	23.56	26.37	27.82	20.18
Days of Sales Outstanding	―	23.56	26.37	27.82	20.18
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	―	23.56	26.37	27.82	20.18
Cash Flow Ratios
Operating Cash Flow Per Share	―	5.64	12.15	13.13	25.46
Free Cash Flow Per Share	―	3.49	9.78	10.13	24.63
CapEx Per Share	―	2.15	2.37	2.99	0.83
Free Cash Flow to Operating Cash Flow	―	0.62	0.80	0.77	0.97
Dividend Paid and CapEx Coverage Ratio	―	1.46	3.07	2.97	11.71
Capital Expenditure Coverage Ratio	―	2.62	5.12	4.38	30.50
Operating Cash Flow Coverage Ratio	―	0.11	0.22	0.17	1.26
Operating Cash Flow to Sales Ratio	―	0.11	0.26	0.32	0.50
Free Cash Flow Yield	―	5.82%	11.51%	11.92%	17.98%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	―	9.99	15.34	9.86	12.12
Price-to-Sales (P/S) Ratio	―	1.22	1.85	2.05	2.69
Price-to-Book (P/B) Ratio	―	0.83	1.24	1.45	1.65
Price-to-Free Cash Flow (P/FCF) Ratio	―	17.19	8.69	8.39	5.56
Price-to-Operating Cash Flow Ratio	―	10.63	6.99	6.47	5.38
Price-to-Earnings Growth (PEG) Ratio	―	1.20	-0.43	-0.42	0.53
Price-to-Fair Value	―	0.83	1.24	1.45	1.65
Enterprise Value Multiple	―	9.95	14.72	12.55	7.68
Enterprise Value	―	93.70M	136.64M	171.69M	138.57M
EV to EBITDA	―	9.95	14.72	12.55	7.68
EV to Sales	―	1.64	2.57	3.57	2.35
EV to Free Cash Flow	―	23.13	12.04	14.61	4.85
EV to Operating Cash Flow	―	14.31	9.69	11.28	4.69
Tangible Book Value Per Share	―	55.45	51.62	41.50	66.29
Shareholders’ Equity Per Share	―	72.35	68.52	58.42	83.21
Tax and Other Ratios
Effective Tax Rate	―	0.14	0.18	0.16	0.20
Revenue Per Share	―	49.34	45.90	41.44	50.91
Net Income Per Share	―	6.00	5.54	8.62	11.30
Tax Burden	―	0.86	0.82	0.84	0.80
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	―	0.03	0.02	0.02	0.02
Stock-Based Compensation to Revenue	―	0.00	0.00	0.00	0.00
Income Quality	―	0.94	2.19	1.52	2.25

Keweenaw Financial (KEFI) Ratios

Keweenaw Financial Ratios