Ratios	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	―	0.18	0.17	0.25	0.62
Quick Ratio	―	0.18	0.17	0.25	0.62
Cash Ratio	―	0.00	-0.15	-0.22	-0.61
Solvency Ratio	―	0.02	0.02	0.02	0.02
Operating Cash Flow Ratio	―	0.03	0.03	0.04	0.04
Short-Term Operating Cash Flow Coverage	―	0.16	0.16	0.16	0.13
Net Current Asset Value	$ ―	$ -1.47B	$ -1.47B	$ -1.45B	$ -1.32B
Leverage Ratios
Debt-to-Assets Ratio	―	0.12	0.13	0.11	0.12
Debt-to-Equity Ratio	―	1.03	1.15	1.09	1.19
Debt-to-Capital Ratio	―	0.51	0.54	0.52	0.54
Long-Term Debt-to-Capital Ratio	―	0.13	0.24	0.11	0.14
Financial Leverage Ratio	―	8.56	9.02	10.02	10.00
Debt Service Coverage Ratio	―	0.14	0.18	0.18	0.14
Interest Coverage Ratio	―	0.00	5.07	22.34	31.08
Debt to Market Cap	―	1.00	1.01	0.92	1.08
Interest Debt Per Share	―	136.71	145.73	120.17	136.56
Net Debt to EBITDA	―	6.62	9.17	9.11	19.32
Profitability Margins
Gross Profit Margin	―	0.00%	100.00%	100.00%	100.00%
EBIT Margin	―	31.62%	36.79%	44.04%	39.95%
EBITDA Margin	―	31.62%	40.23%	49.63%	47.94%
Operating Profit Margin	―	31.62%	36.79%	46.10%	41.28%
Pretax Profit Margin	―	31.62%	36.79%	44.04%	39.95%
Net Profit Margin	―	24.60%	28.40%	34.18%	31.25%
Continuous Operations Profit Margin	―	24.60%	28.40%	34.18%	31.25%
Net Income Per EBT	―	77.79%	77.19%	77.61%	78.23%
EBT Per EBIT	―	100.00%	100.00%	95.52%	96.78%
Return on Assets (ROA)	―	1.42%	1.53%	1.51%	1.15%
Return on Equity (ROE)	―	12.13%	13.75%	15.13%	11.47%
Return on Capital Employed (ROCE)	―	3.59%	3.77%	3.42%	2.38%
Return on Invested Capital (ROIC)	―	-4.67%	2.47%	2.29%	1.60%
Return on Tangible Assets	―	1.42%	1.53%	1.51%	1.15%
Earnings Yield	―	11.70%	12.04%	12.77%	10.43%
Efficiency Ratios
Receivables Turnover	―	0.00	0.00	0.00	0.00
Payables Turnover	―	0.00	0.00	0.00	0.00
Inventory Turnover	―	0.00	0.00	0.00	0.00
Fixed Asset Turnover	―	8.14	7.48	6.55	5.90
Asset Turnover	―	0.06	0.05	0.04	0.04
Working Capital Turnover Ratio	―	-0.15	-0.15	-0.19	-0.34
Cash Conversion Cycle	―	0.00	0.00	0.00	0.00
Days of Sales Outstanding	―	0.00	0.00	0.00	0.00
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	―	0.00	0.00	0.00	0.00
Cash Flow Ratios
Operating Cash Flow Per Share	―	18.88	16.70	17.16	15.55
Free Cash Flow Per Share	―	18.10	15.65	16.69	15.12
CapEx Per Share	―	0.78	1.05	0.47	0.43
Free Cash Flow to Operating Cash Flow	―	0.96	0.94	0.97	0.97
Dividend Paid and CapEx Coverage Ratio	―	2.12	2.34	3.63	3.32
Capital Expenditure Coverage Ratio	―	24.27	15.85	36.18	35.99
Operating Cash Flow Coverage Ratio	―	0.14	0.12	0.14	0.11
Operating Cash Flow to Sales Ratio	―	0.29	0.28	0.36	0.37
Free Cash Flow Yield	―	13.18%	11.18%	12.93%	12.00%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	―	8.55	8.30	7.83	9.59
Price-to-Sales (P/S) Ratio	―	2.10	2.36	2.68	3.00
Price-to-Book (P/B) Ratio	―	1.04	1.14	1.18	1.10
Price-to-Free Cash Flow (P/FCF) Ratio	―	7.59	8.95	7.73	8.33
Price-to-Operating Cash Flow Ratio	―	7.27	8.38	7.52	8.10
Price-to-Earnings Growth (PEG) Ratio	―	-1.82	3.60	0.31	0.60
Price-to-Fair Value	―	1.04	1.14	1.18	1.10
Enterprise Value Multiple	―	13.26	15.03	14.50	25.57
Enterprise Value	―	446.95M	588.01M	574.97M	881.38M
EV to EBITDA	―	13.26	15.03	14.50	25.57
EV to Sales	―	4.19	6.05	7.19	12.26
EV to Free Cash Flow	―	15.14	22.94	20.79	34.09
EV to Operating Cash Flow	―	14.51	21.49	20.22	33.14
Tangible Book Value Per Share	―	131.42	121.55	106.82	112.55
Shareholders’ Equity Per Share	―	132.49	122.61	108.91	114.58
Tax and Other Ratios
Effective Tax Rate	―	0.22	0.23	0.22	0.22
Revenue Per Share	―	65.33	59.37	48.23	42.05
Net Income Per Share	―	16.07	16.86	16.48	13.14
Tax Burden	―	0.78	0.77	0.78	0.78
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	―	1.17	0.99	1.04	1.18

Security National (SNLC) Ratios

Security National Ratios