abrdn Emerging Markets ex-China Fund, Inc. Financial Ratios — AEF

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	-398.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	-51.09	- -	- -	- -	- -
Return on Assets (%)	-23.97	13.91	-24.17	-11.36	-14.82	16.83	32.82	-32.43	15.9	10.3	-1.71	-29.22	8.32	5.67	27.37
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	14.4	- -	- -	- -	17.1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	95.72	103.58	114.59	107.77	92.39	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	95.72	103.58	114.59	107.77	92.39	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	55.78	33.85	100.29	98.6	29.09	99.34	-69.48	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	102.87	95.72	103.58	114.59	107.77	92.39	96.69	102.39	98.14	97.04	121	101.13	96.82	95.21	99.09
Profit Margin (%)	102.87	95.72	103.58	114.59	107.77	92.39	96.69	102.39	98.14	97.04	121	101.13	96.82	95.21	99.09
Net Income to Common Margin (%)	102.87	95.72	103.58	114.59	107.77	92.39	96.69	102.39	98.14	97.04	121	101.13	96.82	95.21	99.09
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-20.13	67.96	97.7	25.28
Sustainable Growth Rate (%)	-398.56	- -	- -	- -	- -	- -	- -	- -	- -	- -	-51.09	- -	- -	- -	- -

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	49	41	41	55	55	35	40	27
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	49	41	41	55	55	35	40	27
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	-0.1	0.02	0.11	0.06	-0.05	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	-0.1	0.02	0.11	0.06	-0.05	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.15	-1.37	-3.17	-2.35	-2.24	-0.01	0.12	-15.44	-2.27	5.2	1.41	-35.26	-28.71	-22.81	3.91
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	11.12	9.31	8.57	12.46	18.76	11.57	13.23	8.71
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-170.7	136.74	59.84	88.45	-78.35	-54.58	-99.58	66.57
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	9.74	8.45	7.75	10.83	15.49	10.14	11.38	7.78
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	11.12	9.31	8.57	12.46	18.76	11.57	13.23	8.71
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-170.7	136.74	59.84	88.45	-78.35	-54.58	-99.58	66.57
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	9.74	8.45	7.75	10.83	15.49	10.14	11.38	7.78
Net Debt to Equity	-0.69	-1.35	-0.47	-1.49	-1.05	-0.77	-0.55	-0.03	-0.07	-0.94	-0.05	-0.12	-0.05	-0.34	-0.02
Net Debt/Capital (%)	127.91	48.89	12.44	38.19	31.3	99	129.87	0.53	-0.99	-7.01	-0.38	0.49	0.24	2.49	-0.19
EBITDA	- -	20	-30	-10	-11	11	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	20	-30	-10	-11	11	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	20	-30	-10	-11	11	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	0.15	-1.37	-3.17	-2.35	-2.24	-0.01	0.12	-15.44	-2.27	5.2	1.41	-35.26	-28.71	-22.81	3.91
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	11.12	9.31	8.57	12.46	18.76	11.57	13.23	8.71
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-170.7	136.74	59.84	88.45	-78.35	-54.58	-99.58	66.57
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	9.74	8.45	7.75	10.83	15.49	10.14	11.38	7.78
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	11.12	9.31	8.57	12.46	18.76	11.57	13.23	8.71
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-170.7	136.74	59.84	88.45	-78.35	-54.58	-99.58	66.57
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	9.74	8.45	7.75	10.83	15.49	10.14	11.38	7.78
CFO/Total Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	41.57	92.12	30.93	263.81
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	-0.27	0.57	-1.3	-0.57	-0.75	0.71	0.29	-0.4	0.13	0.17	0.01	-0.84	-0.32	-0.26	0.33

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	1	2	- -	1	1	1	1	- -	- -	4	- -	- -	- -	1	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	49	41	41	55	55	35	40	27
Enterprise Value	-1	-2	- -	-1	-1	-1	-1	49	41	36	55	55	35	39	27
Total Capital	- -	-2	-3	-2	-1	- -	- -	-29	30	68	62	-70	-64	-40	41
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	-170.7	136.74	59.84	88.45	-78.35	-54.58	-99.58	66.57
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	1	1.01	1.12	1	1.01	1	1.03	1
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	0.51	0.68	- -	- -	1.16	1.88	0.28
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.12	0.89	2.57	0.27
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.12	0.89	2.57	0.27
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	-1	-2	- -	-1	-1	-1	-1	49	41	36	55	55	35	39	27
EV per Share	- -	- -	- -	- -	- -	- -	- -	0.82	0.74	0.71	1.11	1.08	0.68	0.77	- -
TTM Sales	-38	21	-29	-9	-10	12	28	-95	80	54	-7	-125	30	21	96
TTM EBITDA	- -	20	-30	-10	-11	11	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	20	-30	-10	-11	11	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26	39	15	98
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26	39	15	98

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-1	-2	- -	-1	-1	-1	-1	49	41	36	55	55	35	39	27
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	0.51	0.68	- -	- -	1.16	1.88	0.28
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	0.51	0.68	- -	- -	1.16	1.88	0.28
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	0.51	0.68	- -	- -	1.16	1.88	0.28
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	0.51	0.68	- -	- -	1.16	1.88	0.28
EV/EBITDA Average	- -	-0.1	0.02	0.11	0.06	-0.05	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	-0.1	0.02	0.11	0.06	-0.05	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	-0.1	0.02	0.11	0.06	-0.05	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	-0.1	0.02	0.11	0.06	-0.05	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	-0.1	0.02	0.11	0.06	-0.05	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	-0.1	0.02	0.11	0.06	-0.05	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Average	-1	-2	- -	-1	-1	-1	-1	49	41	36	55	55	35	39	27
Enterprise Value High	-1	-2	- -	-1	-1	-1	-1	49	41	36	55	55	35	39	27
Enterprise Value Low	-1	-2	- -	-1	-1	-1	-1	49	41	36	55	55	35	39	27

Shares Outstanding	9	9	9	9	9	9	9	60	51	51	51	51	51	51	41
Diluted Weighted Avg Shares	9	9	9	9	9	9	9	60	55	51	49	51	51	51	42
Basic Weighted Avg Shares	9	9	9	9	9	9	9	60	55	51	49	51	51	51	- -
Revenue per Share	-4.09	2.25	-3.07	-0.96	-1.04	1.27	2.95	-1.58	1.47	1.05	-0.15	-2.45	0.59	0.41	- -
EBITDA per Share	- -	2.15	-3.18	-1.1	-1.12	1.17	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	2.15	-3.18	-1.1	-1.12	1.17	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	-4.2	2.15	-3.18	-1.1	-1.12	1.17	2.85	-1.62	1.44	1.02	-0.18	-2.48	0.57	0.39	- -
Basic EPS from Cont Ops	-4.2	2.15	-3.18	-1.1	-1.12	1.17	2.85	-1.62	1.44	1.02	-0.18	-2.48	0.57	0.39	- -
Diluted EPS, GAAP	-4.2	2.15	-3.18	-1.1	-1.12	1.17	2.85	-1.62	1.44	1.02	-0.18	-2.48	0.57	0.39	2.29
Diluted EPS from Cont Ops	-4.2	2.15	-3.18	-1.1	-1.12	1.17	2.85	-1.62	1.44	1.02	-0.18	-2.48	0.57	0.39	2.29
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.5	0.39	0.38	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.51	0.77	0.3	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.51	0.77	0.3	- -
Cash & Equivalents per Share	0.1	0.21	0.05	0.12	0.07	0.06	0.05	- -	0.01	0.09	- -	0.01	- -	0.02	- -
Book Value per Share	0.02	-0.22	-0.34	-0.2	-0.15	- -	0.01	-1.3	-0.2	0.54	0.15	-2.46	-1.94	-1.58	- -
Tangible Book Value per Share	14.49	15.29	10.39	8.27	6.44	7.2	9.81	7.37	8.06	9.35	8.99	5.77	5.92	5.98	- -

abrdn Emerging Markets ex-China Fund, Inc.