Franklin BSP Lending Corporation Financial Ratios — BDVC

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
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

Return on Common Equity (%)	- -	2,672.29	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	10.17	8.31	5.25	0.34	3.69	2.98	1.1	3.62	-1.33	7.31	2.79
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	268.63	110.12	98.44	90.16	53.8	86.14	85.53	66.87	88.8	156.22	94.96	88.86
Profit Margin (%)	268.63	110.12	98.44	89.49	40.95	86.28	83.8	61.49	84.42	168.28	93.46	82.62
Net Income to Common Margin (%)	268.63	110.12	98.44	89.49	40.95	86.28	83.8	61.49	84.42	168.28	93.46	82.62
Effective Tax Rate (%)	- -	- -	- -	2.98	- -	1.21	2.02	5.23	1.82	- -	1.58	7.02
Dvd Payout Ratio (%)	73.72	44.81	38.84	62.83	594.79	106.43	110.97	260.25	89.89	-177.81	33.54	118.13
Sustainable Growth Rate (%)	- -	1,474.82	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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
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

Total Debt	- -	34	133	619	842	910	1,030	885	1,084	1,105	1,272	1,224
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	34	133	619	842	910	1,030	885	1,084	1,105	1,272	1,224
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	0.38	-0.05	0.36	-0.3	1.88	-9.84	-13.11	-14.57	-18.54	-13.95	-15.4
Long-Term Debt/Equity (%)	- -	24.1	21.13	40.3	52.3	59.52	68.93	59.26	74.09	78.92	84.28	73.5
Long-Term Debt/Capital (%)	- -	97.95	100.34	98.49	100.4	94.6	133.46	156.48	155.02	185.24	146.51	159.94
Long-Term Debt/Total Assets (%)	- -	18.14	15.77	28.28	33.71	34.8	38.84	35.91	41.04	40.28	43.94	41.08
Total Debt/Equity (%)	- -	24.1	21.13	40.3	52.3	59.52	68.93	59.26	74.09	78.92	84.28	73.5
Total Debt/Capital (%)	- -	97.95	100.34	98.49	100.4	94.6	133.46	156.48	155.02	185.24	146.51	159.94
Total Debt/Total Assets (%)	- -	18.14	15.77	28.28	33.71	34.8	38.84	35.91	41.04	40.28	43.94	41.08
Net Debt to Equity	- -	-10.08	-2.07	-13.47	-9.34	-12.37	-6.68	-6.48	-3.18	-3.8	-2.83	-3.29
Net Debt/Capital (%)	- -	-69.38	-10.9	-49.1	-21.85	-24.48	-14.85	-20.64	-7.12	-9.79	-5.18	-7.72
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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
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

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	0.38	-0.05	0.36	-0.3	1.88	-9.84	-13.11	-14.57	-18.54	-13.95	-15.4
Long-Term Debt/Equity (%)	- -	24.1	21.13	40.3	52.3	59.52	68.93	59.26	74.09	78.92	84.28	73.5
Long-Term Debt/Capital (%)	- -	97.95	100.34	98.49	100.4	94.6	133.46	156.48	155.02	185.24	146.51	159.94
Long-Term Debt/Total Assets (%)	- -	18.14	15.77	28.28	33.71	34.8	38.84	35.91	41.04	40.28	43.94	41.08
Total Debt/Equity (%)	- -	24.1	21.13	40.3	52.3	59.52	68.93	59.26	74.09	78.92	84.28	73.5
Total Debt/Capital (%)	- -	97.95	100.34	98.49	100.4	94.6	133.46	156.48	155.02	185.24	146.51	159.94
Total Debt/Total Assets (%)	- -	18.14	15.77	28.28	33.71	34.8	38.84	35.91	41.04	40.28	43.94	41.08
CFO/Total Liabilities	- -	-297.06	-255.76	-172.13	-38.85	7.78	-2.72	18.15	-10.49	0.93	-30.85	-0.91
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	0.05	0.05	0.05	- -	0.07	-0.1	-0.16	-0.16	-0.27	0.3	0.31

Working Capital (USD)

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
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

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)

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
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

Market Capitalization	- -	- -	- -	- -	- -	- -	2	2	2	2	958	1,073
- Cash & Cash Equivalents	- -	14	13	207	150	189	100	97	46	53	43	55
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	2	4	3	3	4	- -	- -	- -	- -
+ Total Debt	- -	34	133	619	842	910	1,030	885	1,084	1,105	1,272	1,224
Enterprise Value	- -	20	120	413	696	724	935	793	1,039	1,053	2,188	2,242
Total Capital	- -	35	132	628	839	962	772	565	699	596	868	765
Total Debt/Capital (%)	- -	97.95	100.34	98.49	100.4	94.6	133.46	156.48	155.02	185.24	146.51	159.94
Total Debt / EV	- -	1.72	1.11	1.5	1.21	1.26	1.1	1.12	1.04	1.05	0.58	0.55
EV/Sales	- -	2.29	2.76	4.65	35.39	6.62	9.99	17.27	9.49	- -	9.92	22.6
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	8.57	- -	4.5	- -	84.45	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	8.57	- -	4.5	- -	84.45	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	2	2	2	2	958	1,073
Diluted Enterprise Value	- -	20	120	413	696	724	935	793	1,039	1,053	2,188	2,242
EV per Share	- -	0.12	0.7	2.43	3.92	4.02	5.22	4.39	5.47	5.33	10.94	10.57
TTM Sales	- -	9	43	89	20	109	94	46	110	-21	221	99
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-12	-137	-547	-1,123	-345	85	-31	176	-124	12	-428	-12
TTM Free Cash Flow to Firm	-12	-137	-547	-1,123	-345	85	-31	176	-124	12	-428	-12

Multiples (USD)

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
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

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	-0.05	0.01	-0.01	0.14	-2.24	-89.98
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	20	120	413	696	724	935	793	1,039	1,053	2,188	2,242
Low Price	- -	- -	- -	- -	- -	- -	- -	0.01	0.01	0.01	0.01	5.11
EV/Sales	- -	2.29	2.76	4.65	35.39	6.62	9.99	17.27	9.49	- -	9.92	22.6
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	0.02	0.06	0.02	- -	4.65	13.09
Price/Earnings Average	- -	- -	- -	- -	- -	- -	0.01	0.06	0.02	-0.05	0.4	12.51
Price/Earnings High	- -	- -	- -	- -	- -	- -	0.02	0.06	0.02	-0.06	5.75	15.99
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	0.06	0.02	-0.06	0.01	13.22
Price/Book Value	- -	- -	- -	- -	- -	- -	-0.01	-0.01	- -	- -	-2.37	-2.34
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	-0.01	- -	- -	-0.2	-2.23
Price/Book Value High	- -	- -	- -	- -	- -	- -	-0.01	-0.01	- -	- -	-2.94	-2.86
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	-0.01	- -	- -	- -	-2.36
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.63	0.64
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.05	0.62
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.79	0.79
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.65
Price/Sales	- -	- -	- -	- -	- -	- -	0.02	0.04	0.02	-0.08	4.34	10.81
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	0.04	0.02	-0.08	0.37	10.33
Price/Sales High	- -	- -	- -	- -	- -	- -	0.02	0.04	0.02	-0.09	5.38	13.21
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	0.04	0.02	-0.09	0.01	10.92
Price/Cash Flow	- -	- -	- -	- -	- -	- -	-0.05	0.01	-0.01	0.14	-2.24	-89.98
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	-0.01	0.01	-0.01	0.14	-0.19	-85.98
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	-0.06	0.01	-0.02	0.16	-2.78	-109.9
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	0.01	-0.02	0.16	- -	-90.87
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	-0.01	0.01	-0.01	0.14	-0.19	-85.98
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	-0.06	0.01	-0.02	0.16	-2.78	-109.9
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	0.01	-0.02	0.16	- -	-90.87
EV/Sales Average	- -	2.29	2.76	4.65	35.39	6.62	9.98	17.27	9.49	- -	5.94	22.12
EV/Sales High	- -	2.29	2.76	4.65	35.39	6.62	10	17.27	9.49	- -	10.95	24.99
EV/Sales Low	- -	2.29	2.76	4.65	35.39	6.62	9.98	17.27	9.49	- -	5.58	22.7
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	0.01	0.01	0.01	0.01	4.79	5.06
High Price	- -	- -	- -	- -	- -	- -	0.01	0.01	0.01	0.01	5.93	6.18
Enterprise Value Average	- -	20	120	413	696	724	934	793	1,039	1,053	1,312	2,195
Enterprise Value High	- -	20	120	413	696	724	935	793	1,039	1,054	2,416	2,480
Enterprise Value Low	- -	20	120	413	696	724	933	793	1,039	1,054	1,232	2,253

Shares Outstanding	- -	180	180	180	180	- -	180	190	190	201	202	229
Diluted Weighted Avg Shares	180	180	180	180	178	180	179	181	190	197	200	212
Basic Weighted Avg Shares	170	170	170	170	178	180	179	181	190	197	200	212
Revenue per Share	- -	0.05	0.26	0.52	0.11	0.61	0.52	0.25	0.58	-0.11	1.1	0.47
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	0.06	0.25	0.47	0.05	0.52	0.44	0.16	0.49	-0.18	1.03	0.39
Basic EPS from Cont Ops	- -	0.06	0.25	0.47	0.06	0.52	0.44	0.16	0.5	-0.18	1.03	0.39
Diluted EPS, GAAP	- -	0.05	0.24	0.44	0.05	0.52	0.44	0.16	0.49	-0.18	1.03	0.39
Diluted EPS from Cont Ops	- -	0.05	0.24	0.45	0.06	0.52	0.44	0.16	0.5	-0.18	1.03	0.39
Dividend per Share	- -	0.03	0.1	0.3	0.44	0.54	0.49	0.43	0.47	0.32	0.35	0.46
Cash Flow per Share	-0.07	-0.81	-3.22	-6.61	-1.94	0.47	-0.18	0.97	-0.65	0.06	-2.14	-0.06
Free Cash Flow per Basic Share	-0.07	-0.81	-3.22	-6.61	-1.94	0.47	-0.18	0.97	-0.65	0.06	-2.14	-0.06
Cash & Equivalents per Share	- -	0.08	0.08	1.22	0.85	1.05	0.56	0.53	0.24	0.27	0.21	0.26
Book Value per Share	- -	- -	- -	0.05	-0.04	0.27	-1.46	-1.79	-2.02	-2.57	-2.02	-2.16
Tangible Book Value per Share	- -	0.83	3.69	9.03	9.07	8.49	8.34	8.25	7.7	7.09	7.54	7.85

Franklin BSP Lending Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)