Highlands REIT, Inc. Financial Ratios — HHDS Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	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	12/31/2023	12/31/2024

Return on Common Equity (%)	- -	- -	-1,477.19	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	3.88	-10.21	41.32	7.49	1.32	-8.88	-3.85	-2.41	-3.14	-0.3
Return on Capital (%)	- -	19.21	- -	-53.36	- -	-0.83	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	11.99	- -	2.29	- -	-0.49	- -	- -	- -	- -	- -
Gross Margin (%)	87.36	90.41	88.38	67.02	68.01	64.72	49.1	51.96	54.1	53.96	61.22
EBITDA Margin (%)	58.25	70.28	-6.22	46.63	38.1	29.45	-0.07	7.25	16.85	13.55	28.78
Operating Margin (%)	27.73	37.88	-36.02	16.27	11.05	-4.68	-43.86	-29.43	-16.28	-21.15	-4.05
Incremental Operating Margin (%)	- -	-82.39	- -	-116.57	35.25	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	10.33	12.87	-69.58	313.99	56.94	12.89	-116.3	-45.61	-24.4	-33.24	-2.8
Profit Margin (%)	14.06	12.81	-69.84	313.73	57.29	12.98	-116.06	-45.57	-24.44	-33.25	-2.79
Net Income to Common Margin (%)	14.06	12.81	-69.84	313.73	57.29	12.98	-116.06	-45.57	-24.44	-33.25	-2.79
Effective Tax Rate (%)	0.51	0.35	- -	0.08	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	6,161.46	733.89	-98.94	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	-2,938.77	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	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	12/31/2023	12/31/2024

Total Debt	- -	437	380	55	35	93	83	62	62	121	121
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	437	380	55	35	93	83	62	62	121	121
Total Debt/EBITDA	- -	5.56	-66.8	2.14	2.11	8.47	-4,355.84	29.93	11.67	28.81	11.63
Net Debt/EBITDA	- -	5.22	-56.77	0.05	-2.75	1.62	-1,711.84	21.1	6.74	24.74	8.75
Total Debt/EBIT	- -	10.32	-11.54	6.13	7.27	-53.32	-6.52	-7.37	-12.08	-18.45	-82.68
Net Debt/EBIT	- -	9.68	-9.81	0.16	-9.48	-10.18	-2.56	-5.2	-6.98	-15.85	-62.23
EBITDA to Interest Expense	2.18	2.83	-0.17	1.86	6.48	2.8	- -	0.64	1.97	0.82	1.36
EBITDA-CapEx/Interest Expense	2.18	2.83	-0.17	1.83	5.77	2.6	-0.12	0.23	1.36	0.64	1.28
EBIT to Interest Expense	1.04	1.53	-0.99	0.65	1.88	-0.44	-2.83	-2.59	-1.9	-1.29	-0.19
Interest Expense	33	28	33	14	3	4	4	3	3	5	8
Common Equity/Total Assets	- -	- -	1.69	-348.39	-334.37	-279.47	-323.56	-362.93	-372.15	-347.25	-352.09
Long-Term Debt/Equity (%)	- -	163.77	456.58	21.42	12.3	32.07	32.19	25.2	25.65	59.22	59.22
Long-Term Debt/Capital (%)	- -	100	97.78	-5.06	-3.21	-9.09	-7.74	-5.63	-5.55	-11.36	-11.32
Long-Term Debt/Total Assets (%)	- -	59.13	74.19	16.77	10.4	23.29	23.24	19.35	19.57	35.45	35.85
Total Debt/Equity (%)	- -	163.77	456.58	21.42	12.3	32.07	32.19	25.2	25.65	59.22	59.22
Total Debt/Capital (%)	- -	100	97.78	-5.06	-3.21	-9.09	-7.74	-5.63	-5.55	-11.36	-11.32
Total Debt/Total Assets (%)	- -	59.13	74.19	16.77	10.4	23.29	23.24	19.35	19.57	35.45	35.85
Net Debt to Equity	- -	153.67	387.98	0.55	-16.04	6.12	12.65	17.77	14.83	50.86	44.57
Net Debt/Capital (%)	- -	100	97.39	-0.12	3.9	-1.62	-2.9	-3.91	-3.13	-9.6	-8.29
EBITDA	71	79	-6	26	17	11	- -	2	5	4	10
EBITDA-CapEx	71	79	-6	25	15	10	-1	1	4	3	10
Operating Income (Loss)	34	42	-33	9	5	-2	-13	-8	-5	-7	-1

Liquidity (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	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	12/31/2023	12/31/2024

Cash Ratio	- -	0.95	1.33	5.9	9.56	9.51	5.47	2.18	2.52	1.38	3.09
Current Ratio	- -	1.53	1.73	6.67	10.64	10.24	6.15	2.95	3.31	2.08	4.26
Quick Ratio	- -	1.4	1.56	6.44	10.26	9.9	5.78	2.51	3.12	1.89	3.81
CFO/Avg Current Liab	- -	3.79	1.07	1.02	1.8	2.06	-0.25	0.02	0.27	0.2	0.24
Common Equity/Total Assets	- -	- -	1.69	-348.39	-334.37	-279.47	-323.56	-362.93	-372.15	-347.25	-352.09
Long-Term Debt/Equity (%)	- -	163.77	456.58	21.42	12.3	32.07	32.19	25.2	25.65	59.22	59.22
Long-Term Debt/Capital (%)	- -	100	97.78	-5.06	-3.21	-9.09	-7.74	-5.63	-5.55	-11.36	-11.32
Long-Term Debt/Total Assets (%)	- -	59.13	74.19	16.77	10.4	23.29	23.24	19.35	19.57	35.45	35.85
Total Debt/Equity (%)	- -	163.77	456.58	21.42	12.3	32.07	32.19	25.2	25.65	59.22	59.22
Total Debt/Capital (%)	- -	100	97.78	-5.06	-3.21	-9.09	-7.74	-5.63	-5.55	-11.36	-11.32
Total Debt/Total Assets (%)	- -	59.13	74.19	16.77	10.4	23.29	23.24	19.35	19.57	35.45	35.85
CFO/Total Liabilities	- -	11.36	8.91	36.92	30.39	15.33	-2.13	0.29	3.33	1.66	2.01
CFO/CapEx	- -	- -	- -	68.05	8.69	21.61	-4.14	0.16	1.51	2.38	4.56
Altman's Z-Score	- -	0.37	0.28	-4.4	-4.16	-3.66	-4.44	-4.13	-4.76	-4.76	-4.59

Working Capital (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	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	12/31/2023	12/31/2024

Accounts Receivable Turnover	- -	17.67	7.91	7.22	8.09	8.33	9.59	10.1	6.96	4.95	5.48
Days Sales Outstanding	- -	20.66	46.16	50.58	45.12	43.81	38.05	36.14	52.41	73.75	66.59
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	20.66	46.16	50.58	45.12	43.81	38.05	36.14	52.41	73.75	66.59
Inventory to Cash Days	- -	20.66	46.16	50.58	45.12	43.81	38.05	36.14	52.41	73.75	66.59
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	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	12/31/2023	12/31/2024

Market Capitalization	- -	- -	173	9	9	- -	- -	115	44	15	38
- Cash & Cash Equivalents	- -	27	57	54	81	75	50	18	26	17	30
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1
+ Total Debt	- -	437	380	55	35	93	83	62	62	121	121
Enterprise Value	- -	410	496	10	-37	18	33	158	80	117	127
Total Capital	- -	437	389	-1,093	-1,088	-1,025	-1,069	-1,103	-1,111	-1,065	-1,066
Total Debt/Capital (%)	- -	100	97.78	-5.06	-3.21	-9.09	-7.74	-5.63	-5.55	-11.36	-11.32
Total Debt / EV	- -	1.07	0.77	5.47	-0.95	5.18	2.54	0.39	0.77	1.03	0.95
EV/Sales	- -	3.67	5.42	0.18	- -	0.48	1.12	5.53	2.55	3.79	3.53
EV/EBITDA	- -	5.22	- -	0.39	- -	1.63	- -	76.28	15.14	27.96	12.26
EV/EBIT	- -	9.68	- -	1.12	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	5.04	6.94	0.25	- -	0.87	13.68	45.66	15.46	15.94	12.36
EV/Free Cash Flow to Firm	- -	5.04	6.94	0.25	- -	0.84	11.27	33.1	11.73	14.11	11.7
Diluted Market Cap	- -	- -	173	9	9	- -	- -	115	44	15	38
Diluted Enterprise Value	- -	410	496	10	-37	18	33	158	80	117	127
EV per Share	- -	0.48	0.57	0.01	- -	0.02	0.04	0.18	0.09	0.13	0.18
TTM Sales	122	112	91	55	44	37	29	29	31	31	36
TTM EBITDA	71	79	-6	26	17	11	- -	2	5	4	10
TTM Operating Income	34	42	-33	9	5	-2	-13	-8	-5	-7	-1
TTM Cash Flow to Firm	86	81	72	40	18	21	2	3	5	7	10
TTM Free Cash Flow to Firm	86	81	72	41	20	22	3	5	7	8	11

Multiples (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	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	12/31/2023	12/31/2024

Price/Free Cash Flow	- -	- -	4.52	0.32	0.5	- -	-0.06	74.74	10.69	4.53	11.54
EV/EBIT	- -	9.68	- -	1.12	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	410	496	10	-37	18	33	158	80	117	127
Low Price	- -	- -	0.05	0.01	0.01	- -	- -	- -	- -	- -	- -
EV/Sales	- -	3.67	5.42	0.18	- -	0.48	1.12	5.53	2.55	3.79	3.53
EV/EBITDA	- -	5.22	- -	0.39	- -	1.63	- -	76.28	15.14	27.96	12.26
Price/Earnings	- -	- -	- -	0.05	0.35	0.02	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-2.54	0.74	0.35	6.26	- -	-7.65	-15.67	-12.93	-39.83
Price/Earnings High	- -	- -	-4.06	1.2	0.35	28.88	- -	-11.49	-57.79	-85.13	-114.94
Price/Earnings Low	- -	- -	-0.68	0.05	0.35	0.02	- -	-0.01	-0.01	-0.01	-0.07
Price/Book Value	- -	- -	19.99	-0.01	-0.01	- -	- -	-0.1	-0.04	-0.01	-0.03
Price/Book Value Average	- -	- -	18.77	-0.11	-0.01	-0.03	- -	-0.09	-0.1	-0.11	-0.03
Price/Book Value High	- -	- -	29.99	-0.18	-0.01	-0.13	- -	-0.13	-0.38	-0.74	-0.1
Price/Book Value Low	- -	- -	5	-0.01	-0.01	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	2.16	0.03	0.03	- -	- -	0.46	0.18	0.07	0.18
Price/Tangible Book Value Average	- -	- -	2.03	0.5	0.03	0.1	- -	0.4	0.5	0.65	0.2
Price/Tangible Book Value High	- -	- -	3.24	0.81	0.03	0.48	- -	0.61	1.84	4.31	0.57
Price/Tangible Book Value Low	- -	- -	0.54	0.03	0.03	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	1.89	0.16	0.2	- -	- -	4	1.41	0.47	1.04
Price/Sales Average	- -	- -	1.78	2.32	0.2	0.81	- -	3.49	3.83	4.3	1.11
Price/Sales High	- -	- -	2.84	3.75	0.2	3.75	- -	5.23	14.12	28.31	3.2
Price/Sales Low	- -	- -	0.47	0.16	0.2	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	4.52	0.33	0.55	0.01	-0.04	528.02	17.76	6.44	14.07
Price/Cash Flow Average	- -	- -	4.25	4.87	0.55	1.81	-0.04	459.87	48.15	58.68	15
Price/Cash Flow High	- -	- -	6.78	7.89	0.55	8.33	-0.04	690.49	177.61	386.5	43.28
Price/Cash Flow Low	- -	- -	1.13	0.33	0.55	0.01	-0.04	0.41	0.04	0.04	0.03
Price/Free Cash Flow Average	- -	- -	4.25	4.8	0.5	1.73	-0.06	65.1	28.98	41.3	12.3
Price/Free Cash Flow High	- -	- -	6.78	7.77	0.5	7.96	-0.06	97.74	106.9	272.01	35.5
Price/Free Cash Flow Low	- -	- -	1.13	0.32	0.5	- -	-0.06	0.06	0.02	0.03	0.02
EV/Sales Average	- -	3.67	5.31	2.34	- -	1.29	1.12	5.02	4.97	7.61	3.6
EV/Sales High	- -	3.67	6.37	3.78	- -	4.23	1.12	6.76	15.26	31.62	5.69
EV/Sales Low	- -	3.67	4.01	0.18	- -	0.48	1.12	1.53	1.14	3.32	2.49
EV/EBITDA Average	- -	5.22	-85.29	5.03	-2.22	4.39	-1,712.52	69.16	29.47	56.19	12.5
EV/EBITDA High	- -	5.22	-102.34	8.11	-2.22	14.36	-1,712.52	93.27	90.54	233.37	19.77
EV/EBITDA Low	- -	5.22	-64.36	0.39	-2.22	1.63	-1,712.52	21.13	6.77	24.5	8.65
EV/EBIT Average	- -	9.68	-14.74	14.42	-7.66	-27.6	-2.56	-17.04	-30.52	-36	-88.88
EV/EBIT High	- -	9.68	-17.68	23.24	-7.66	-90.36	-2.56	-22.98	-93.75	-149.5	-140.59
EV/EBIT Low	- -	9.68	-11.12	1.12	-7.66	-10.29	-2.56	-5.21	-7.01	-15.69	-61.52
Last Price	- -	- -	0.2	0.01	0.01	- -	- -	0.13	0.05	0.02	0.05
High Price	- -	- -	0.3	0.24	0.01	0.16	- -	0.17	0.5	1	0.16
Enterprise Value Average	- -	410	485	130	-37	48	33	144	156	236	130
Enterprise Value High	- -	410	583	210	-37	158	33	194	478	980	205
Enterprise Value Low	- -	410	366	10	-37	18	33	44	36	103	90

Shares Outstanding	- -	865	865	868	872	876	878	885	888	722	724
Diluted Weighted Avg Shares	862	862	865	868	871	875	879	881	886	877	722
Basic Weighted Avg Shares	862	862	865	868	871	875	879	881	886	877	722
Revenue per Share	0.14	0.13	0.11	0.06	0.05	0.04	0.03	0.03	0.04	0.04	0.05
EBITDA per Share	0.08	0.09	-0.01	0.03	0.02	0.01	- -	- -	0.01	- -	0.01
Operating Income per Share	0.04	0.05	-0.04	0.01	0.01	- -	-0.01	-0.01	-0.01	-0.01	- -
Basic EPS, GAAP	0.02	0.02	-0.07	0.2	0.03	0.01	-0.04	-0.01	-0.01	-0.01	- -
Basic EPS from Cont Ops	0.01	0.02	-0.07	0.2	0.03	0.01	-0.04	-0.01	-0.01	-0.01	- -
Diluted EPS, GAAP	0.02	0.02	-0.07	0.2	0.03	0.01	-0.04	-0.01	-0.01	-0.01	- -
Diluted EPS from Cont Ops	0.01	0.02	-0.07	0.2	0.03	0.01	-0.04	-0.01	-0.01	-0.01	- -
Dividend per Share	0.9	0.12	0.07	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.06	0.06	0.04	0.03	0.02	0.02	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	0.06	0.06	0.04	0.03	0.02	0.02	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	0.03	0.07	0.06	0.09	0.09	0.06	0.02	0.03	0.02	0.04
Book Value per Share	- -	- -	0.01	-1.32	-1.29	-1.28	-1.31	-1.32	-1.32	-1.35	-1.64
Tangible Book Value per Share	- -	0.3	0.09	0.3	0.33	0.33	0.29	0.28	0.27	0.23	0.28

Highlands REIT, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)