Arrow Resources Development, Inc. Financial Ratios — ARWD

Profitability (USD)

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	-0.73	-8.95	-111.95	-107.54	204.12	-21.35	-23.62	-1.89	-2.81	-206.44	-1,015,260.61	-12,187,014.95	-17,217,935.92	-23,829,278.38	-27,832,690.32
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	45.24	41.94	- -	- -	- -	100	- -	- -	- -	- -
EBITDA Margin (%)	65.62	-180.6	-146.79	-295.2	113.07	-49.67	-53.24	- -	- -	- -	-8,892.59	- -	- -	- -	- -
Operating Margin (%)	65.62	-192.04	-158.49	-344.92	-402.49	-78.81	-68.05	- -	- -	- -	-8,892.59	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	-20.5	- -	- -	- -	89.94	- -	- -	- -
Pretax Margin (%)	-10.94	-200.68	-177.19	-337.36	-887.38	-78.58	-87.21	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	-9.38	-275.41	-210.83	-349.57	671.76	-52.08	-87.21	- -	- -	- -	-10,308.8	- -	- -	- -	- -
Net Income to Common Margin (%)	-9.38	-275.41	-210.83	-349.57	671.76	-52.08	-87.21	- -	- -	- -	-10,308.8	- -	- -	- -	- -
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y
Total Debt	73	- -	2	2	2	3	2	- -	- -	- -	1	2	2	3	3
ST Debt	- -	- -	- -	- -	2	- -	2	- -	- -	- -	1	2	2	3	3
LT Debt	73	- -	2	2	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	17.33	- -	-0.39	-0.73	8.93	-2.39	-1.47	-0.17	-0.06	-0.06	-0.27	-0.45	-0.38	-0.46	-0.41
Net Debt/EBITDA	17.33	- -	-0.13	-0.64	8.24	-1.96	-1.41	-0.17	-0.06	-0.06	-0.27	-0.45	-0.38	-0.46	-0.41
Total Debt/EBIT	17.33	- -	-0.36	-0.62	-2.51	-1.51	-1.15	-0.17	-0.06	-0.06	-0.27	-0.45	-0.38	-0.46	-0.41
Net Debt/EBIT	17.33	- -	-0.12	-0.55	-2.32	-1.23	-1.1	-0.17	-0.06	-0.06	-0.27	-0.45	-0.38	-0.46	-0.41
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-7.89	-4.6	-464.74	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-7.89	-4.6	-464.74	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-7.89	-4.6	-464.74	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -
Common Equity/Total Assets	-7.9	-141.39	-410.48	-1,513.78	-5,488.23	-187.96	-223.71	-1.01	-3.82	-12,865,722.12	-876,358,087.5	-161,249,349.45	-1,296,698,933.33	-265,193,654.84	- -
Long-Term Debt/Equity (%)	1,213.33	- -	- -	- -	- -	33.4	0.39	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	109.97	- -	-11.61	-9.93	- -	-12.63	-0.11	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	87.19	- -	42.7	136.7	- -	20.58	0.23	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	1,213.33	- -	-53.43	-29.49	-61.57	40.69	37.36	0.18	0.21	-2.81	-8.83	-11.28	-8.42	-7.85	-6.35
Total Debt/Capital (%)	109.97	- -	-11.61	-9.93	-16.09	-15.39	-10.79	-21.04	-5.4	-0.18	-0.89	-1.44	-1.39	-1.58	-1.53
Total Debt/Total Assets (%)	87.19	- -	42.7	136.7	760.68	25.07	21.8	0.18	0.2	23,557.69	7,675,000	2,295,604.4	17,796,283.33	4,128,479.03	- -
Net Debt to Equity	1,213.33	- -	-17.57	-26.02	-56.87	33.34	35.85	0.18	0.21	-2.79	-8.83	-11.28	-8.42	-7.85	-6.35
Net Debt/Capital (%)	109.97	- -	-3.54	-8.66	-14.68	-12.27	-10.31	-20.68	-5.4	-0.18	-0.89	-1.44	-1.39	-1.58	-1.53
EBITDA	4	-3	-4	-2	- -	-1	-1	-1	-4	-4	-5	-5	-6	-6	-6
EBITDA-CapEx	-10	-3	-5	-2	- -	-1	-1	-1	-4	-4	-5	-5	-6	-6	-6
Operating Income (Loss)	4	-3	-5	-3	-1	-2	-2	-1	-4	-4	-5	-5	-6	-6	-6

Liquidity (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y
Cash Ratio	- -	- -	0.41	0.04	0.05	0.31	0.02	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	0.48	0.12	0.07	0.63	0.14	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	0.44	0.12	0.07	0.45	0.07	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	-0.53	-0.19	- -	-0.5	-0.47	0.07	-0.53	-0.36	-0.21	-0.15	-0.15	-0.13	-0.13
Common Equity/Total Assets	-7.9	-141.39	-410.48	-1,513.78	-5,488.23	-187.96	-223.71	-1.01	-3.82	-12,865,722.12	-876,358,087.5	-161,249,349.45	-1,296,698,933.33	-265,193,654.84	- -
Long-Term Debt/Equity (%)	1,213.33	- -	- -	- -	- -	33.4	0.39	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	109.97	- -	-11.61	-9.93	- -	-12.63	-0.11	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	87.19	- -	42.7	136.7	- -	20.58	0.23	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	1,213.33	- -	-53.43	-29.49	-61.57	40.69	37.36	0.18	0.21	-2.81	-8.83	-11.28	-8.42	-7.85	-6.35
Total Debt/Capital (%)	109.97	- -	-11.61	-9.93	-16.09	-15.39	-10.79	-21.04	-5.4	-0.18	-0.89	-1.44	-1.39	-1.58	-1.53
Total Debt/Total Assets (%)	87.19	- -	42.7	136.7	760.68	25.07	21.8	0.18	0.2	23,557.69	7,675,000	2,295,604.4	17,796,283.33	4,128,479.03	- -
CFO/Total Liabilities	0.65	-32.66	-20.06	-14.65	-0.42	-34.89	-30.55	7.85	-40.96	-29.74	-16.93	-13.16	-12.86	-11.64	-11.41
CFO/CapEx	0.04	-3.07	-2.37	-599.34	- -	-38.39	-40.37	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.17	0.05	-9.24	-32.73	-102.57	-21.3	-38.84	-3,085.39	- -	-202,962.77	-14,263,318.28	-2,671,244.4	-22,230,467.22	-4,640,247.81	- -

Working Capital (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y
Accounts Receivable Turnover	- -	- -	33.5	6.49	4.47	17.65	14.07	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	10.89	56.24	81.72	20.68	25.94	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	9.54	6.13	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	38.26	59.58	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	2.14	1.3	-0.12	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	170.83	281.33	-3,006.86	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	-111.89	-195.81	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	-17.58	-33.63	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y
Market Capitalization	5	28	9	4	3	4	4	170	123	41	59	19	44	12	12
- Cash & Cash Equivalents	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	73	- -	2	2	2	3	2	- -	- -	- -	1	2	2	3	3
Enterprise Value	78	30	8	6	5	6	6	170	124	42	60	21	46	14	14
Total Capital	66	-8	-14	-17	-15	-17	-19	-1	-5	-133	-139	-145	-153	-162	-170
Total Debt/Capital (%)	109.97	- -	-11.61	-9.93	-16.09	-15.39	-10.79	-21.04	-5.4	-0.18	-0.89	-1.44	-1.39	-1.58	-1.53
Total Debt / EV	0.93	- -	0.2	0.3	0.48	0.43	0.34	- -	- -	0.01	0.02	0.1	0.05	0.18	0.19
EV/Sales	12.23	20.46	2.85	7.08	21.07	2.74	2.33	- -	- -	- -	1,157.6	- -	- -	- -	- -
EV/EBITDA	18.63	- -	- -	- -	18.63	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	18.63	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	156.51	- -	- -	- -	- -	- -	- -	712.43	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	5.43	- -	- -	- -	- -	- -	- -	712.43	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	5	28	9	4	3	6	4	170	123	42	59	19	44	12	12
Diluted Enterprise Value	78	30	9	6	5	8	6	170	124	42	60	21	46	14	14
EV per Share	14.35	5.54	1.53	1.02	0.9	0.82	0.59	0.4	0.19	0.07	0.09	0.03	0.07	0.02	0.02
TTM Sales	6	1	3	1	- -	2	3	- -	- -	- -	- -	- -	- -	- -	- -
TTM EBITDA	4	-3	-4	-2	- -	-1	-1	-1	-4	-4	-5	-5	-6	-6	-6
TTM Operating Income	4	-3	-5	-3	-1	-2	-2	-1	-4	-4	-5	-5	-6	-6	-6
TTM Cash Flow to Firm	- -	-2	-1	-1	- -	-1	-1	- -	- -	- -	- -	- -	- -	-4	-5
TTM Free Cash Flow to Firm	14	-1	-1	-1	- -	-1	-1	- -	- -	- -	- -	- -	- -	-4	-5

Multiples (USD)

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	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y
Price/Free Cash Flow	0.38	-24.79	-10.79	-4.01	-158.85	-4.21	-3.54	711.52	-54.17	-16.14	-24.87	-7.67	-13.54	-3.06	-2.45
EV/EBIT	18.63	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	78	30	8	6	5	6	6	170	124	42	60	21	46	14	14
Low Price	0.62	1	0.88	0.15	0.1	0.2	0.23	0.02	0.06	0.02	0.02	0.02	0.01	- -	- -
EV/Sales	12.23	20.46	2.85	7.08	21.07	2.74	2.33	- -	- -	- -	1,157.6	- -	- -	- -	- -
EV/EBITDA	18.63	- -	- -	- -	18.63	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	1.75	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	-11.95	-4.73	-1.95	-2.05	1.66	-3.93	-2.49	-99.73	-46.14	-0.57	-10.92	-5.16	-2.66	-2.17	-1.4
Price/Earnings High	-28.41	-12.74	-4.42	-4.06	5.07	-9.28	-6.28	-216.54	-94.26	-1.13	-18.82	-11.18	-7.66	-5.76	-2.67
Price/Earnings Low	-5.68	-1.34	-0.77	-0.3	0.35	-1.28	-1.04	-6.66	-11.09	-0.1	-2.43	-1.52	-0.42	-0.16	-0.27
Price/Book Value	-0.83	-2.79	-0.55	-0.22	-0.16	-0.2	-0.2	-133.94	-25.82	-0.31	-0.42	-0.13	-0.28	-0.07	-0.07
Price/Book Value Average	-1.09	-1.92	-0.74	-0.3	-0.15	-0.23	-0.27	-100.24	-33.92	-0.55	-0.42	-0.23	-0.15	-0.12	-0.07
Price/Book Value High	-2.58	-5.17	-1.69	-0.6	-0.47	-0.54	-0.68	-217.65	-69.3	-1.09	-0.72	-0.5	-0.44	-0.31	-0.13
Price/Book Value Low	-0.52	-0.54	-0.3	-0.04	-0.03	-0.07	-0.11	-6.7	-8.15	-0.1	-0.09	-0.07	-0.02	-0.01	-0.01
Price/Tangible Book Value	0.91	14.26	-2.81	-0.71	-0.72	-1.52	-1.38	-55.91	-22.19	-4.59	-4.1	-1.01	-1.74	-0.36	-0.28
Price/Tangible Book Value Average	1.2	9.8	-3.81	-0.98	-0.68	-1.76	-1.9	-41.84	-29.16	-8.13	-4.1	-1.82	-0.93	-0.59	-0.29
Price/Tangible Book Value High	2.84	26.43	-8.66	-1.95	-2.08	-4.16	-4.8	-90.85	-59.56	-16.23	-7.06	-3.94	-2.68	-1.56	-0.56
Price/Tangible Book Value Low	0.57	2.78	-1.52	-0.14	-0.14	-0.57	-0.79	-2.8	-7.01	-1.41	-0.91	-0.54	-0.15	-0.04	-0.06
Price/Sales	0.85	18.93	3.03	5.19	11.75	1.77	1.58	- -	- -	- -	1,126.68	- -	- -	- -	- -
Price/Sales Average	1.12	13.02	4.1	7.16	11.16	2.04	2.17	- -	- -	- -	1,126.05	- -	- -	- -	- -
Price/Sales High	2.66	35.09	9.32	14.19	34.06	4.83	5.48	- -	- -	- -	1,940.39	- -	- -	- -	- -
Price/Sales Low	0.53	3.69	1.63	1.04	2.35	0.67	0.91	- -	- -	- -	250.37	- -	- -	- -	- -
Price/Cash Flow	10.91	-16.7	-6.23	-4.01	-158.85	-2.79	-3.46	711.52	-54.17	-15.92	-24.87	-7.67	-13.54	-3.06	-2.45
Price/Cash Flow Average	14.35	-11.48	-8.44	-5.52	-150.95	-3.23	-4.77	532.48	-71.18	-28.22	-24.86	-13.79	-7.22	-5.03	-2.57
Price/Cash Flow High	34.09	-30.96	-19.17	-10.95	-460.68	-7.62	-12.01	1,156.21	-145.42	-56.32	-42.84	-29.91	-20.83	-13.39	-4.9
Price/Cash Flow Low	6.82	-3.26	-3.36	-0.8	-31.77	-1.05	-1.99	35.58	-17.11	-4.9	-5.53	-4.08	-1.15	-0.38	-0.49
Price/Free Cash Flow Average	0.5	-17.04	-14.62	-5.53	-150.95	-4.88	-4.89	532.48	-71.18	-28.62	-24.86	-13.79	-7.22	-5.03	-2.57
Price/Free Cash Flow High	1.18	-45.95	-33.21	-10.97	-460.68	-11.52	-12.32	1,156.21	-145.42	-57.13	-42.84	-29.91	-20.83	-13.39	-4.9
Price/Free Cash Flow Low	0.24	-4.84	-5.81	-0.8	-31.77	-1.59	-2.04	35.58	-17.11	-4.97	-5.53	-4.08	-1.15	-0.38	-0.49
EV/Sales Average	12.5	14.55	4.29	9.05	20.48	3.02	2.92	- -	- -	- -	1,156.97	- -	- -	- -	- -
EV/Sales High	14.04	36.62	9.51	16.08	43.38	5.8	6.23	- -	- -	- -	1,971.32	- -	- -	- -	- -
EV/Sales Low	11.91	5.22	1.82	2.93	11.67	1.64	1.66	- -	- -	- -	281.3	- -	- -	- -	- -
EV/EBITDA Average	19.04	-8.05	-2.92	-3.06	18.12	-6.07	-5.49	-99.9	-41.53	-18.36	-13.01	-7.65	-4.58	-3.89	-2.28
EV/EBITDA High	21.39	-20.28	-6.48	-5.45	38.37	-11.68	-11.7	-216.71	-84.78	-36.51	-22.17	-16.06	-12.5	-9.57	-3.97
EV/EBITDA Low	18.15	-2.89	-1.24	-0.99	10.32	-3.3	-3.11	-6.83	-10.03	-3.29	-3.16	-2.58	-1.05	-0.72	-0.76
EV/EBIT Average	19.04	-7.57	-2.71	-2.62	-5.09	-3.83	-4.3	-99.9	-41.53	-18.36	-13.01	-7.65	-4.58	-3.89	-2.28
EV/EBIT High	21.39	-19.07	-6	-4.66	-10.78	-7.36	-9.15	-216.71	-84.78	-36.51	-22.17	-16.06	-12.5	-9.57	-3.97
EV/EBIT Low	18.15	-2.72	-1.15	-0.85	-2.9	-2.08	-2.43	-6.83	-10.03	-3.29	-3.16	-2.58	-1.05	-0.72	-0.76
Last Price	1	5.12	1.62	0.75	0.5	0.53	0.4	0.4	0.19	0.06	0.09	0.03	0.06	0.02	0.02
High Price	3.12	9.5	5	2.05	1.45	1.45	1.39	0.65	0.51	0.23	0.16	0.11	0.1	0.07	0.03
Enterprise Value Average	80	21	13	7	5	6	8	127	162	74	60	36	26	22	15
Enterprise Value High	90	54	28	13	10	12	17	276	332	147	103	75	70	53	26
Enterprise Value Low	76	8	5	2	3	4	4	9	39	13	15	12	6	4	5

	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y
Shares Outstanding	5	5	6	6	6	9	11	649	650	649	662	678	705	737	768
Diluted Weighted Avg Shares	5	5	5	6	6	11	11	424	650	645	651	663	679	726	767
Basic Weighted Avg Shares	5	5	5	6	6	7	11	424	650	636	651	663	679	726	767
Revenue per Share	1.17	0.27	0.54	0.14	0.04	0.3	0.25	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	0.77	-0.49	-0.79	-0.43	0.05	-0.15	-0.14	- -	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Operating Income per Share	0.77	-0.52	-0.85	-0.5	-0.17	-0.24	-0.17	- -	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Basic EPS, GAAP	-0.11	-0.75	-1.13	-0.51	0.29	-0.16	-0.22	- -	-0.01	-0.2	-0.01	-0.01	-0.01	-0.01	-0.01
Basic EPS from Cont Ops	-0.11	-0.55	-0.95	-0.49	-0.38	-0.24	-0.22	- -	-0.01	-0.2	-0.01	-0.01	-0.01	-0.01	-0.01
Diluted EPS, GAAP	-0.11	-0.75	-1.13	-0.51	0.29	-0.11	-0.22	- -	-0.01	-0.2	-0.01	-0.01	-0.01	-0.01	-0.01
Diluted EPS from Cont Ops	-0.11	-0.55	-0.95	-0.49	-0.38	-0.16	-0.22	- -	-0.01	-0.2	-0.01	-0.01	-0.01	-0.01	-0.01
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.09	-0.31	-0.26	-0.19	- -	-0.19	-0.12	- -	- -	- -	- -	- -	- -	-0.01	-0.01
Free Cash Flow per Basic Share	-2.46	-0.41	-0.37	-0.19	- -	-0.2	-0.12	- -	- -	- -	- -	- -	- -	-0.01	-0.01
Cash & Equivalents per Share	- -	- -	0.41	0.04	0.03	0.06	0.01	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	-1.21	-1.84	-2.97	-3.43	-3.1	-2.67	-2.03	- -	-0.01	-0.21	-0.22	-0.22	-0.23	-0.23	-0.23
Tangible Book Value per Share	1.1	0.36	-0.58	-1.05	-0.7	-0.35	-0.29	-0.01	-0.01	-0.01	-0.02	-0.03	-0.04	-0.04	-0.05

Arrow Resources Development, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)