Colombia Energy Resources, Inc. Financial Ratios — CERX

Profitability (USD)

	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y
As of date	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	-287.39
Return on Assets (%)	- -	-731.62	-1,976.39	-659.47	-679.33	-2,695.97	-5,368.6	-54.14	-80.73
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	100	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	-82.43	-1,572.53	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	-95.19	-1,572.53	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	-625.53	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	-103.35	-1,322.87	- -	- -	- -	- -	- -	- -
Profit Margin (%)	- -	-103.35	-1,322.87	- -	- -	- -	- -	- -	- -
Net Income to Common Margin (%)	- -	-103.35	-1,322.87	- -	- -	- -	- -	- -	- -
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	42.34
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	-165.7

Credit (USD)

Credit Ratios API ChatGPT

	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y
As of date	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011

Total Debt	- -	- -	- -	- -	- -	- -	- -	3	1
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	1
LT Debt	- -	- -	- -	- -	- -	- -	- -	3	- -
Total Debt/EBITDA	- -	- -	-0.42	-0.7	-0.35	-0.15	-0.34	-1.5	-0.06
Net Debt/EBITDA	- -	0.15	-0.35	-0.44	-0.29	-0.13	-0.33	1.1	1.07
Total Debt/EBIT	- -	- -	-0.42	-0.7	-0.35	-0.15	-0.34	-1.5	-0.06
Net Debt/EBIT	- -	0.13	-0.35	-0.44	-0.29	-0.13	-0.33	1.1	1.06
EBITDA to Interest Expense	- -	- -	- -	- -	- -	-4.56	-1.6	-3.63	-4.44
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	-4.56	-1.6	-6.73	-6.21
EBIT to Interest Expense	- -	- -	- -	- -	- -	-4.56	-1.6	-3.63	-4.47
Interest Expense	- -	- -	- -	- -	- -	- -	- -	1	2
Common Equity/Total Assets	-15,787.46	-20,181.78	-3,545.83	-1,887.99	-3,706.12	-14,179.73	-145,989.89	9.34	64.57
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	380.47	- -
Long-Term Debt/Capital (%)	- -	- -	-19.07	-8.09	- -	-4.56	-4	79.19	- -
Long-Term Debt/Total Assets (%)	- -	- -	567.86	131.41	- -	618.05	5,617.98	35.52	- -
Total Debt/Equity (%)	- -	- -	-16.01	-13.92	-6.16	-4.36	-3.85	380.47	3.59
Total Debt/Capital (%)	- -	- -	-19.07	-16.17	-6.56	-4.56	-4	79.19	3.47
Total Debt/Total Assets (%)	- -	- -	567.86	262.81	228.31	618.05	5,617.98	35.52	2.53
Net Debt to Equity	0.14	0.5	-13.19	-8.62	-5.21	-3.65	-3.78	-278.2	-63.34
Net Debt/Capital (%)	0.14	0.49	-15.2	-9.44	-5.49	-3.79	-3.93	156.12	-172.79
EBITDA	- -	- -	- -	- -	- -	- -	- -	-2	-10
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	-4	-14
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	-2	-10

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y
As of date	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011

Cash Ratio	- -	- -	0.03	0.05	0.01	0.01	- -	4.26	4.23
Current Ratio	- -	- -	0.03	0.05	0.03	0.01	- -	4.89	4.71
Quick Ratio	- -	- -	0.03	0.05	0.01	0.01	- -	4.26	4.23
CFO/Avg Current Liab	- -	-0.09	-0.3	-1.01	-0.2	-0.31	-0.13	-1.93	-5.21
Common Equity/Total Assets	-15,787.46	-20,181.78	-3,545.83	-1,887.99	-3,706.12	-14,179.73	-145,989.89	9.34	64.57
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	380.47	- -
Long-Term Debt/Capital (%)	- -	- -	-19.07	-8.09	- -	-4.56	-4	79.19	- -
Long-Term Debt/Total Assets (%)	- -	- -	567.86	131.41	- -	618.05	5,617.98	35.52	- -
Total Debt/Equity (%)	- -	- -	-16.01	-13.92	-6.16	-4.36	-3.85	380.47	3.59
Total Debt/Capital (%)	- -	- -	-19.07	-16.17	-6.56	-4.56	-4	79.19	3.47
Total Debt/Total Assets (%)	- -	- -	567.86	262.81	228.31	618.05	5,617.98	35.52	2.53
CFO/Total Liabilities	- -	-9.63	-24.32	-83.23	-18.63	-25.94	-11.71	-16.98	-140.72
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	-0.76	-2.52
Altman's Z-Score	-816.26	-841.11	-176.36	-85.17	-169.04	-646.67	-5,782.73	-0.52	-1.03

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y
As of date	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011

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

	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y
As of date	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	16
- Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -	5	11
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	1
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	3	1
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	-2	7
Total Capital	- -	- -	- -	- -	- -	- -	- -	4	17
Total Debt/Capital (%)	- -	- -	-19.07	-16.17	-6.56	-4.56	-4	79.19	3.47
Total Debt / EV	- -	- -	1.21	1.61	1.18	1.19	1.02	-1.37	0.08
EV/Sales	- -	- -	5.49	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	18
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	-2	8
EV per Share	- -	- -	0.06	0.05	0.03	0.03	0.04	- -	2.44
TTM Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	-2	-10
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	-2	-10
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	-1	-8
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	1	-4

Multiples (USD)

Valuation Multiples API ChatGPT

	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y
As of date	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010	12/31/2011

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	-2.9
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	-2	7
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	3.2
EV/Sales	- -	- -	5.49	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	-0.87
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	-1.53
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	-0.43
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	1.07
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	1.24
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	2.17
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	0.61
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	1.08
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	1.25
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	2.2
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	0.62
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	-1.75
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	-2.03
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	-3.56
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	-1
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	-3.36
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	-5.91
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	-1.66
EV/Sales Average	- -	- -	5.49	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	5.49	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	5.49	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	0.15	-0.35	-0.44	-0.29	-0.13	-0.33	1.1	-0.99
EV/EBITDA High	- -	0.15	-0.35	-0.44	-0.29	-0.13	-0.33	1.1	-2.44
EV/EBITDA Low	- -	0.15	-0.35	-0.44	-0.29	-0.13	-0.33	1.1	-0.01
EV/EBIT Average	- -	0.13	-0.35	-0.44	-0.29	-0.13	-0.33	1.1	-0.98
EV/EBIT High	- -	0.13	-0.35	-0.44	-0.29	-0.13	-0.33	1.1	-2.42
EV/EBIT Low	- -	0.13	-0.35	-0.44	-0.29	-0.13	-0.33	1.1	-0.01
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	5.6
High Price	- -	- -	- -	- -	- -	- -	- -	- -	11.4
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	-2	10
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	-2	24
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	-2	- -

Shares Outstanding	- -	- -	- -	- -	- -	- -	- -	3	3
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	2	3
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	2	3
Revenue per Share	- -	0.1	0.07	- -	- -	- -	- -	- -	- -
EBITDA per Share	-0.98	-0.08	-1.13	-0.11	-0.11	-0.24	-0.11	-0.82	-3.18
Operating Income per Share	-1	-0.09	-1.13	-0.11	-0.11	-0.24	-0.11	-0.82	-3.2
Basic EPS, GAAP	-1	-0.1	-0.95	-0.14	-0.16	-0.29	-0.17	-0.94	-7.44
Basic EPS from Cont Ops	-1	-0.1	-0.95	-0.14	-0.16	-0.29	-0.17	-0.94	-4.14
Diluted EPS, GAAP	-1	-0.02	-0.15	-0.14	-0.16	-0.29	-0.17	-0.94	-7.44
Diluted EPS from Cont Ops	-1	-0.02	-0.15	-0.14	-0.16	-0.29	-0.17	-0.94	-4.14
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	0.15
Cash Flow per Share	- -	-0.23	-0.75	-0.48	-0.12	-0.21	-0.11	-0.53	-3.2
Free Cash Flow per Basic Share	- -	-0.23	-0.75	-0.48	-0.12	-0.21	-0.11	-1.24	-4.47
Cash & Equivalents per Share	- -	- -	0.01	0.03	0.01	0.01	- -	1.96	3.83
Book Value per Share	-0.41	-0.38	-0.48	-0.55	-0.58	-0.82	-0.93	0.3	5.25
Tangible Book Value per Share	-0.41	-0.38	-0.48	-0.55	-0.58	-0.82	-0.93	0.3	5.17

Colombia Energy Resources, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)