Clough Global Equity Fund Financial Ratios — GLQ Stock

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
Return on Common Equity (%)	- -	- -	- -	13.4	-0.13	-7.53	22.99	2.91	7.86	9.17	27.69	-52.35	-6.54	29.76	22.12
Return on Assets (%)	- -	-3.27	7.36	6.03	-0.06	-3.71	13.28	1.64	4.53	5.39	16.7	-28.75	-3.61	21.11	15.36
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	94.99	117.64	93.36	89.76	-6.64	118.99	96.53	82.25	91.96	91.83	97.21	102.09	117.9	97.29	96.51
Profit Margin (%)	94.99	117.64	93.36	89.76	-6.64	118.99	96.53	82.25	91.96	91.83	97.21	102.09	117.9	97.29	96.51
Net Income to Common Margin (%)	94.99	117.64	93.36	89.76	-6.64	118.99	96.53	82.25	91.96	91.83	97.21	102.09	117.9	97.29	96.51
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	46.53	-124.68	51.3	73.99	-7,091.91	-124.52	40.81	305.31	120.83	111.61	38.05	-24.2	-180.1	33.97	22.5
Sustainable Growth Rate (%)	- -	- -	- -	3.48	-9.38	-16.9	13.61	-5.97	-1.64	-1.06	17.16	-65.02	-18.31	19.65	17.14

Credit (USD)

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	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
Total Debt	147	147	147	156	156	113	113	85	84	92	132	110	29	29	41
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	147	147	147	156	156	113	113	85	84	92	132	110	29	29	41
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	-7.7	-6.82	45.94	44.08	42.22	59.8	55.68	57.97	57.4	60.19	60.36	47.22	69.81	71.91	67.42
Long-Term Debt/Equity (%)	46.76	53.06	49.54	50.99	58.52	50.4	44.16	56.9	49.32	54.26	49.16	74.68	23.86	19.69	24.46
Long-Term Debt/Capital (%)	135.01	131.83	35.73	36.94	37.82	31.56	33.67	36.27	33.03	35.18	32.96	42.75	19.27	16.45	19.65
Long-Term Debt/Total Assets (%)	29.7	28.24	25.54	25.82	25.68	27.57	28.26	32.99	28.31	32.66	29.67	35.26	16.66	14.16	16.49
Total Debt/Equity (%)	46.76	53.06	49.54	50.99	58.52	50.4	44.16	56.9	49.32	54.26	49.16	74.68	23.86	19.69	24.46
Total Debt/Capital (%)	135.01	131.83	35.73	36.94	37.82	31.56	33.67	36.27	33.03	35.18	32.96	42.75	19.27	16.45	19.65
Total Debt/Total Assets (%)	29.7	28.24	25.54	25.82	25.68	27.57	28.26	32.99	28.31	32.66	29.67	35.26	16.66	14.16	16.49
Net Debt to Equity	-0.05	-0.13	- -	-1.25	-1.67	-0.88	-0.52	-6.61	-0.88	-0.24	-0.29	- -	-0.03	-0.01	-0.02
Net Debt/Capital (%)	-0.15	-0.33	- -	-0.91	-1.09	-0.55	-0.39	-4.39	-0.59	-0.16	-0.19	- -	-0.02	-0.01	-0.01
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	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
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-7.7	-6.82	45.94	44.08	42.22	59.8	55.68	57.97	57.4	60.19	60.36	47.22	69.81	71.91	67.42
Long-Term Debt/Equity (%)	46.76	53.06	49.54	50.99	58.52	50.4	44.16	56.9	49.32	54.26	49.16	74.68	23.86	19.69	24.46
Long-Term Debt/Capital (%)	135.01	131.83	35.73	36.94	37.82	31.56	33.67	36.27	33.03	35.18	32.96	42.75	19.27	16.45	19.65
Long-Term Debt/Total Assets (%)	29.7	28.24	25.54	25.82	25.68	27.57	28.26	32.99	28.31	32.66	29.67	35.26	16.66	14.16	16.49
Total Debt/Equity (%)	46.76	53.06	49.54	50.99	58.52	50.4	44.16	56.9	49.32	54.26	49.16	74.68	23.86	19.69	24.46
Total Debt/Capital (%)	135.01	131.83	35.73	36.94	37.82	31.56	33.67	36.27	33.03	35.18	32.96	42.75	19.27	16.45	19.65
Total Debt/Total Assets (%)	29.7	28.24	25.54	25.82	25.68	27.57	28.26	32.99	28.31	32.66	29.67	35.26	16.66	14.16	16.49
CFO/Total Liabilities	18.11	3.36	7.35	7.08	4.83	34.5	14.88	137.08	-8.51	-3.89	-35.56	22.22	154.98	37.54	9.2
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	-0.01	-0.12	0.07	0.07	-0.01	-0.05	0.12	0.12	0.11	0.12	0.3	-0.64	-0.63	-0.02	0.17

Working Capital (USD)

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	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
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 Chat

	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
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	- -	- -	- -	4	4	2	1	10	2	- -	1	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	147	147	147	156	156	113	113	85	84	92	132	110	29	29	41
Enterprise Value	147	147	147	152	152	111	112	75	83	92	131	110	29	29	41
Total Capital	109	112	411	422	412	358	336	234	256	262	399	258	151	176	209
Total Debt/Capital (%)	135.01	131.83	35.73	36.94	37.82	31.56	33.67	36.27	33.03	35.18	32.96	42.75	19.27	16.45	19.65
Total Debt / EV	1	1	1	1.03	1.03	1.02	1.01	1.13	1.02	1	1.01	1	1	1	1
EV/Sales	3.14	- -	3.4	3.84	29.48	- -	2.01	11.43	6.06	5.38	2.1	- -	- -	0.71	1.14
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	4.49	17.94	7.18	7.21	9.21	1.73	5.21	0.51	- -	- -	- -	3.01	0.36	1.34	5.5
EV/Free Cash Flow to Firm	4.49	17.94	7.18	7.21	9.21	1.73	5.21	0.51	- -	- -	- -	3.01	0.36	1.34	5.5
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	147	147	147	152	152	111	112	75	83	92	131	110	29	29	41
EV per Share	8.03	8.02	8.04	8.35	8.38	6.14	6.16	5.7	7.01	6.75	9.79	6.05	1.55	1.54	- -
TTM Sales	47	-14	43	40	5	-16	56	7	14	17	62	-107	-7	41	36
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	33	8	20	21	16	64	21	148	-11	-4	-63	37	81	22	7
TTM Free Cash Flow to Firm	33	8	20	21	16	64	21	148	-11	-4	-63	37	81	22	7

Multiples (USD)

API Chat

	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
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	147	147	147	152	152	111	112	75	83	92	131	110	29	29	41
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	3.14	- -	3.4	3.84	29.48	- -	2.01	11.43	6.06	5.38	2.1	- -	- -	0.71	1.14
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	3.14	- -	3.4	3.84	29.48	- -	2.01	11.43	6.06	5.38	2.1	- -	- -	0.71	1.14
EV/Sales High	3.14	- -	3.4	3.84	29.48	- -	2.01	11.43	6.06	5.38	2.1	- -	- -	0.71	1.14
EV/Sales Low	3.14	- -	3.4	3.84	29.48	- -	2.01	11.43	6.06	5.38	2.1	- -	- -	0.71	1.14
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Average	147	147	147	152	152	111	112	75	83	92	131	110	29	29	41
Enterprise Value High	147	147	147	152	152	111	112	75	83	92	131	110	29	29	41
Enterprise Value Low	147	147	147	152	152	111	112	75	83	92	131	110	29	29	41

	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
Shares Outstanding	18	18	18	18	18	18	18	11	14	14	18	19	19	19	19
Diluted Weighted Avg Shares	18	18	18	18	18	18	18	13	12	14	13	18	19	19	- -
Basic Weighted Avg Shares	18	18	18	18	18	18	18	13	12	14	13	18	19	19	- -
Revenue per Share	2.56	-0.77	2.36	2.17	0.28	-0.88	3.07	0.5	1.16	1.25	4.66	-5.84	-0.4	2.18	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	2.43	-0.91	2.21	1.95	-0.02	-1.04	2.97	0.41	1.06	1.15	4.53	-5.96	-0.47	2.12	- -
Basic EPS from Cont Ops	2.43	-0.91	2.21	1.95	-0.02	-1.04	2.97	0.41	1.06	1.15	4.53	-5.96	-0.47	2.12	- -
Diluted EPS, GAAP	2.43	-0.91	2.21	1.95	-0.02	-1.04	2.97	0.41	1.06	1.15	4.53	-5.96	-0.47	2.12	- -
Diluted EPS from Cont Ops	2.43	-0.91	2.21	1.95	-0.02	-1.04	2.97	0.41	1.06	1.15	4.53	-5.96	-0.47	2.12	- -
Dividend per Share	1.13	1.13	1.13	1.44	1.34	1.3	1.21	1.25	1.29	1.29	1.72	1.44	0.85	0.72	- -
Cash Flow per Share	1.79	0.45	1.12	1.16	0.91	3.54	1.18	11.26	-0.91	-0.32	-4.68	2.01	4.35	1.14	- -
Free Cash Flow per Basic Share	1.79	0.45	1.12	1.16	0.91	3.54	1.18	11.26	-0.91	-0.32	-4.68	2.01	4.35	1.14	- -
Cash & Equivalents per Share	0.01	0.02	- -	0.21	0.25	0.11	0.07	0.75	0.13	0.03	0.06	- -	- -	- -	- -
Book Value per Share	-2.09	-1.94	14.46	14.62	14.18	13.56	12.29	11.33	14.47	12.5	20.03	8.1	6.49	7.81	- -
Tangible Book Value per Share	17.2	15.16	16.22	16.79	14.74	12.4	14.12	11.33	14.47	12.5	20.03	8.1	6.49	7.81	- -

Clough Global Equity Fund

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)