Aquestive Therapeutics, Inc. Financial Ratios — AQST Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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 (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-21.68	-94.45	-80.14	-78.92	-112.97	-91.4	-13.75	-55.57	-63.99
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	68.37	70.38	68.87	61.3	71.72	70.51	59.34	58.82	68.95	58.35
EBITDA Margin (%)	5.88	5.51	-67.78	-94.59	-86.04	-62.39	-83.22	-27.2	-52.21	-158.27
Operating Margin (%)	-1.64	-0.17	-72.58	-100.11	-93.55	-68.22	-88.23	-29.86	-53.46	-159.5
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-18.54	-13.36	-91.02	-125.92	-121.67	-138.77	-114.11	-15.07	-76.7	-188.09
Profit Margin (%)	-18.54	-13.36	-91.02	-125.92	-121.67	-138.77	-114.11	-15.56	-76.68	-188.09
Net Income to Common Margin (%)	-23.06	-17.07	-91.02	-125.92	-121.67	-138.77	-114.11	-15.56	-76.68	-188.09
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	19.61	21.71	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

Credit Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	39	46	47	60	40	56	57	33	38	42
ST Debt	- -	- -	5	- -	3	3	19	- -	1	11
LT Debt	39	46	43	60	37	53	39	33	37	32
Total Debt/EBITDA	12.7	12.34	-1.03	-1.21	-1.03	-1.78	-1.45	-2.42	-1.26	-0.6
Net Debt/EBITDA	9.67	7.63	0.29	-0.22	-0.13	-0.81	-0.63	-0.27	1.3	1.19
Total Debt/EBIT	-45.63	-402.72	-0.96	-1.15	-0.94	-1.63	-1.37	-2.21	-1.24	-0.6
Net Debt/EBIT	-34.76	-248.92	0.27	-0.21	-0.12	-0.74	-0.59	-0.24	1.27	1.18
EBITDA to Interest Expense	0.5	0.48	-5.93	-5.34	-3.03	-1.41	-3.19	-1.84	-1.79	-4.12
EBITDA-CapEx/Interest Expense	0.5	0.48	-5.93	-5.34	-3.03	-1.41	-3.31	-1.84	-1.79	-4.12
EBIT to Interest Expense	-0.14	-0.01	-6.35	-5.65	-3.29	-1.54	-3.38	-2.02	-1.83	-4.16
Interest Expense	6	8	8	9	13	22	12	7	17	17
Common Equity/Total Assets	-243.64	-249.02	11.61	-7.8	-77.12	-132.49	-207.73	-185.46	-59.31	-20.98
Long-Term Debt/Equity (%)	- -	- -	422.65	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	183.4	239.36	74.37	111.29	-463.59	-208.05	-63.1	-44.97	-169.14	361.22
Long-Term Debt/Total Assets (%)	98.12	105.55	49.05	76.88	59.12	86.3	67.52	57.31	36.94	19.86
Total Debt/Equity (%)	-219.9	-171.76	468.28	-985.59	-83.46	-68.69	-48.49	-31.29	-63.18	-126.2
Total Debt/Capital (%)	183.4	239.36	82.4	111.29	-504.78	-219.43	-94.14	-45.54	-171.56	481.7
Total Debt/Total Assets (%)	98.12	105.55	54.35	76.88	64.37	91.01	100.73	58.03	37.47	26.48
Net Debt to Equity	-167.51	-106.16	-132.9	-179.88	-10.51	-31.11	-20.98	-3.44	64.86	248.52
Net Debt/Capital (%)	248.13	1,722.47	403.98	225.19	-12.8	-47.55	-28.16	-3.77	41.64	74.46
EBITDA	3	4	-46	-50	-39	-32	-40	-14	-30	-71
EBITDA-CapEx	3	4	-46	-50	-39	-32	-41	-14	-30	-71
Operating Income (Loss)	-1	- -	-49	-53	-43	-35	-42	-15	-31	-71

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	0.85	1.13	1.84	2.66	1.51	1.28	0.69	1.3	3.79	2.55
Current Ratio	2.16	1.83	2.25	3.68	2.11	2.15	1.01	2.24	4.68	3.14
Quick Ratio	1.85	1.53	2.04	3.37	1.84	1.83	0.81	1.77	4.18	2.92
CFO/Avg Current Liab	- -	0.45	-0.54	-2.34	-2.29	-1.53	-0.32	-0.22	-1.92	-1.58
Common Equity/Total Assets	-243.64	-249.02	11.61	-7.8	-77.12	-132.49	-207.73	-185.46	-59.31	-20.98
Long-Term Debt/Equity (%)	- -	- -	422.65	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	183.4	239.36	74.37	111.29	-463.59	-208.05	-63.1	-44.97	-169.14	361.22
Long-Term Debt/Total Assets (%)	98.12	105.55	49.05	76.88	59.12	86.3	67.52	57.31	36.94	19.86
Total Debt/Equity (%)	-219.9	-171.76	468.28	-985.59	-83.46	-68.69	-48.49	-31.29	-63.18	-126.2
Total Debt/Capital (%)	183.4	239.36	82.4	111.29	-504.78	-219.43	-94.14	-45.54	-171.56	481.7
Total Debt/Total Assets (%)	98.12	105.55	54.35	76.88	64.37	91.01	100.73	58.03	37.47	26.48
CFO/Total Liabilities	-14.35	8.37	-16.92	-71.17	-40.81	-22.88	-5.59	-3.89	-22.13	-27.01
CFO/CapEx	- -	- -	- -	- -	- -	- -	-6.55	- -	- -	- -
Altman's Z-Score	-2.25	-2.01	-0.28	-1.73	-4.23	-5.67	-9.29	-6.95	-3.42	-1.89

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	- -	7.99	10.66	6.72	6.83	7.26	7.36	11.44	10.98	6.89
Days Sales Outstanding	- -	45.7	34.25	54.28	53.43	50.29	49.58	31.91	33.26	52.98
Inventory Turnover	- -	5.74	4.44	4.91	4.87	4.61	3.95	3.32	2.79	3.04
Days Inventory Outstanding	- -	63.53	82.22	74.39	74.89	79.13	92.43	109.94	130.84	120.12
Accounts Payable Turnover	- -	2.58	1.49	1.09	1.3	2.15	2.31	2.31	1.78	0.93
Accounts Payable Turnover Days	- -	141.47	244.56	335.77	281.21	169.69	157.73	157.84	204.49	392.25
Cash Conversion Cycle	- -	-32.24	-128.1	-207.1	-152.89	-40.27	-15.72	-15.99	-40.39	-219.14
Inventory to Cash Days	- -	-17.83	-47.97	-20.12	-21.46	-28.84	-42.85	-78.03	-97.58	-67.14
Inventories	3	4	5	3	2	4	6	7	6	6
Raw Materials	1	1	1	1	1	1	2	2	3	3
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	1	1	1	1	1	1	1	2	1	1
Other Inventory	1	2	3	1	1	1	3	3	2	2

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	- -	- -	157	195	185	160	49	138	325	788
- Cash & Cash Equivalents	9	17	61	49	32	28	27	24	72	121
+ Preferred Equity and Hybrid Capital	78	81	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	39	46	47	60	40	56	57	33	38	42
Enterprise Value	108	109	144	206	194	189	80	148	292	710
Total Capital	21	19	57	54	-8	-26	-61	-73	-22	9
Total Debt/Capital (%)	183.4	239.36	82.4	111.29	-504.78	-219.43	-94.14	-45.54	-171.56	481.7
Total Debt / EV	0.36	0.42	0.33	0.29	0.21	0.3	0.72	0.23	0.13	0.06
EV/Sales	2.08	1.63	2.13	3.92	4.22	3.71	1.67	2.92	5.07	15.93
EV/EBITDA	35.42	29.56	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	8.06	- -	- -	- -	- -	30.36	111.88	- -	- -
EV/Free Cash Flow to Firm	- -	8.06	- -	- -	- -	- -	19.32	111.88	- -	- -
Diluted Market Cap	- -	- -	131	148	180	148	44	124	309	691
Diluted Enterprise Value	108	109	117	159	189	177	74	133	275	612
EV per Share	4.49	4.54	5.76	6.15	5.6	4.58	1.45	2.16	3.19	5.82
TTM Sales	52	67	67	53	46	51	48	51	58	45
TTM EBITDA	3	4	-46	-50	-39	-32	-40	-14	-30	-71
TTM Operating Income	-1	- -	-49	-53	-43	-35	-42	-15	-31	-71
TTM Cash Flow to Firm	-2	14	-5	-51	-32	-11	3	1	-19	-35
TTM Free Cash Flow to Firm	-2	14	-5	-51	-32	-11	4	1	-19	-35

Multiples (USD)

Valuation Multiples API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	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	- -	- -	-10.05	-2.45	-3.96	-4.49	-5.28	-19.39	-8.63	-13.17
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	108	109	144	206	194	189	80	148	292	710
Low Price	- -	- -	5.8	2.95	1.41	3.1	0.62	0.72	1.95	2.12
EV/Sales	2.08	1.63	2.13	3.92	4.22	3.71	1.67	2.92	5.07	15.93
EV/EBITDA	35.42	29.56	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-4.82	-2.01	-3.17	-2.46	-1.41	-12	-7.47	-5.28
Price/Earnings High	- -	- -	-6.99	-3.83	-5.71	-3.78	-3.84	-20.94	-12.24	-9.64
Price/Earnings Low	- -	- -	-1.96	-1.13	-0.85	-1.67	-0.55	-5.6	-3.83	-2.71
Price/Book Value	- -	- -	15.6	-31.91	-3.81	-1.95	-0.42	-1.3	-5.41	-23.42
Price/Book Value Average	- -	- -	35.34	-28.78	-3.74	-2.29	-0.73	-0.99	-5.78	-15.01
Price/Book Value High	- -	- -	51.24	-54.82	-6.75	-3.51	-1.98	-1.73	-9.47	-27.37
Price/Book Value Low	- -	- -	14.36	-16.17	-1.01	-1.56	-0.29	-0.46	-2.96	-7.69
Price/Tangible Book Value	- -	- -	15.92	-31.13	-3.81	-1.95	-0.41	-1.28	-5.41	-23.42
Price/Tangible Book Value Average	- -	- -	36.07	-28.07	-3.73	-2.29	-0.72	-0.98	-5.78	-15.01
Price/Tangible Book Value High	- -	- -	52.3	-53.49	-6.73	-3.51	-1.96	-1.71	-9.47	-27.37
Price/Tangible Book Value Low	- -	- -	14.66	-15.78	-1	-1.56	-0.28	-0.46	-2.96	-7.69
Price/Sales	- -	- -	1.94	2.81	3.93	2.91	0.92	2.45	5.36	15.51
Price/Sales Average	- -	- -	4.39	2.53	3.85	3.41	1.61	1.87	5.73	9.94
Price/Sales High	- -	- -	6.36	4.82	6.95	5.24	4.38	3.26	9.39	18.12
Price/Sales Low	- -	- -	1.78	1.42	1.03	2.32	0.63	0.87	2.94	5.09
Price/Cash Flow	- -	- -	-10.05	-2.45	-3.96	-4.49	-4.48	-19.39	-8.63	-13.17
Price/Cash Flow Average	- -	- -	-22.77	-2.21	-3.88	-5.26	-7.81	-14.81	-9.22	-8.44
Price/Cash Flow High	- -	- -	-33.02	-4.21	-7.01	-8.08	-21.29	-25.83	-15.11	-15.4
Price/Cash Flow Low	- -	- -	-9.25	-1.24	-1.04	-3.58	-3.07	-6.91	-4.73	-4.32
Price/Free Cash Flow Average	- -	- -	-22.77	-2.21	-3.88	-5.26	-9.22	-14.81	-9.22	-8.44
Price/Free Cash Flow High	- -	- -	-33.02	-4.21	-7.01	-8.08	-25.13	-25.83	-15.11	-15.4
Price/Free Cash Flow Low	- -	- -	-9.25	-1.24	-1.04	-3.58	-3.62	-6.91	-4.73	-4.32
EV/Sales Average	2.08	1.63	5.08	3.56	4.15	4.25	2.44	2.28	5.45	9.58
EV/Sales High	2.08	1.63	7.46	6.59	7.33	6.23	5.57	3.83	9.31	18.92
EV/Sales Low	2.08	1.63	1.95	2.09	1.25	3.07	1.34	1.16	2.51	4.04
EV/EBITDA Average	35.42	29.56	-7.5	-3.76	-4.82	-6.82	-2.94	-8.37	-10.44	-6.05
EV/EBITDA High	35.42	29.56	-11.01	-6.97	-8.51	-9.99	-6.69	-14.09	-17.83	-11.95
EV/EBITDA Low	35.42	29.56	-2.87	-2.21	-1.46	-4.93	-1.62	-4.27	-4.82	-2.55
EV/EBIT Average	-127.31	-964.59	-7	-3.55	-4.43	-6.24	-2.77	-7.62	-10.2	-6
EV/EBIT High	-127.31	-964.59	-10.28	-6.58	-7.83	-9.14	-6.31	-12.83	-17.42	-11.86
EV/EBIT Low	-127.31	-964.59	-2.68	-2.09	-1.34	-4.5	-1.52	-3.89	-4.7	-2.53
Last Price	- -	- -	6.3	5.82	5.35	3.89	0.9	2.02	3.56	6.46
High Price	- -	- -	20.7	10	9.46	7	4.29	2.69	6.23	7.55
Enterprise Value Average	108	109	343	187	190	216	117	115	314	427
Enterprise Value High	108	109	503	347	336	317	265	194	536	843
Enterprise Value Low	108	109	131	110	57	156	64	59	145	180

Shares Outstanding	24	24	25	34	35	41	55	69	91	122
Diluted Weighted Avg Shares	24	20	21	25	34	38	49	61	87	107
Basic Weighted Avg Shares	24	20	21	25	34	38	49	61	87	107
Revenue per Share	2.11	3.35	3.25	2.07	1.36	1.33	0.98	0.83	0.66	0.42
EBITDA per Share	0.12	0.18	-2.21	-1.96	-1.17	-0.83	-0.81	-0.22	-0.35	-0.66
Operating Income per Share	-0.03	-0.01	-2.36	-2.08	-1.27	-0.91	-0.86	-0.25	-0.35	-0.66
Basic EPS, GAAP	-0.49	-0.57	-2.96	-2.61	-1.66	-1.85	-1.12	-0.13	-0.51	-0.78
Basic EPS from Cont Ops	-0.39	-0.45	-2.96	-2.61	-1.66	-1.85	-1.12	-0.13	-0.51	-0.78
Diluted EPS, GAAP	-0.49	-0.57	-2.96	-2.61	-1.66	-1.85	-1.12	-0.13	-0.51	-0.78
Diluted EPS from Cont Ops	-0.39	-0.45	-2.96	-2.61	-1.66	-1.85	-1.12	-0.13	-0.51	-0.78
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.33	0.29	-0.63	-2.37	-1.35	-0.87	-0.2	-0.1	-0.41	-0.49
Free Cash Flow per Basic Share	-0.33	0.29	-0.63	-2.37	-1.35	-0.87	-0.23	-0.1	-0.41	-0.49
Cash & Equivalents per Share	0.38	0.72	2.43	1.47	0.92	0.68	0.5	0.35	0.78	0.99
Book Value per Share	-4	-4.47	0.4	-0.18	-1.4	-1.99	-2.16	-1.55	-0.66	-0.28
Tangible Book Value per Share	-4.01	-4.48	0.4	-0.19	-1.41	-1.99	-2.19	-1.57	-0.66	-0.28

Aquestive Therapeutics, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)