iAnthus Capital Holdings, Inc. Financial Ratios — IAN.CN

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Return on Common Equity (%)	- -	-77.89	-110.02	-140.88	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-48.57	-41.71	-57.91	-81.12	-66.84	-22.2	-138.6	-26.38	-2.78	-15.26
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	- -	281.7	33.27	53.96	53.95	45.6	39.67	44.83	45.63
EBITDA Margin (%)	-2,887.57	-926.58	- -	-740.53	-86.55	-18.84	6.4	-21.07	-0.98	9.1	4.91
Operating Margin (%)	-2,887.57	-928.56	- -	-926.99	-115.24	-37.25	-8.89	-40.3	-18.04	-5.66	-8.49
Incremental Operating Margin (%)	- -	- -	1,613.71	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-2,887.57	-1,290.87	- -	-1,821.67	-400.12	-194.32	-27.46	-268.79	-31.06	-15.11	-16.09
Profit Margin (%)	-2,887.57	-1,290.87	- -	-1,821.67	-389.61	-206.61	-38.17	-275.34	-48.12	-4.56	-27.92
Net Income to Common Margin (%)	-2,887.57	-1,290.87	- -	-1,821.67	-389.61	-206.61	-38.17	-275.34	-48.12	-4.56	-27.92
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-77.89	-110.02	-140.88	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Total Debt	- -	1	15	31	167	206	229	184	201	210	228
ST Debt	- -	- -	1	- -	16	164	173	8	8	7	7
LT Debt	- -	1	14	31	151	42	56	176	193	204	221
Total Debt/EBITDA	- -	-0.2	-1.49	-1.24	-2.47	-7.22	17.58	-5.35	-129.1	13.81	32.27
Net Debt/EBITDA	0.16	2.39	-0.86	-0.63	-1.58	-5.61	13.86	-3.87	-97.73	10.74	25.81
Total Debt/EBIT	- -	-0.2	-1.47	-0.99	-1.85	-3.65	-12.67	-2.8	-7	-22.17	-18.65
Net Debt/EBIT	0.16	2.39	-0.85	-0.5	-1.19	-2.84	-9.98	-2.02	-5.3	-17.25	-14.91
EBITDA to Interest Expense	- -	-12.48	-3.94	-1.2	-2.83	-0.76	0.4	-1.29	-0.08	0.7	0.33
EBITDA-CapEx/Interest Expense	- -	-12.49	-4.23	-1.87	-4.93	-1.14	-0.23	-1.56	-0.39	0.44	-0.78
EBIT to Interest Expense	- -	-12.51	-4	-1.51	-3.77	-1.5	-0.55	-2.47	-1.46	-0.44	-0.57
Interest Expense	- -	- -	2	21	24	38	33	27	20	22	21
Common Equity/Total Assets	29.14	63.8	26.63	45.05	-70.28	-205.06	-232.36	-412.24	-478.59	-492.65	-537.33
Long-Term Debt/Equity (%)	- -	4.2	62.16	28.07	42.88	88.32	- -	1,602.48	- -	- -	- -
Long-Term Debt/Capital (%)	- -	5.46	50.62	29.16	-62.08	-8.07	-9.74	-16.5	-17.15	-18.12	-19.24
Long-Term Debt/Total Assets (%)	- -	3.68	29.61	18.55	25.86	11.84	16.18	58.03	69.66	75.21	86.24
Total Debt/Equity (%)	- -	4.2	66.89	28.07	47.47	435.87	-966.78	1,673.83	-325.95	-321.11	-221.23
Total Debt/Capital (%)	- -	5.46	54.47	29.16	-68.72	-39.84	-39.88	-17.24	-17.84	-18.71	-19.87
Total Debt/Total Assets (%)	- -	3.68	31.86	18.55	28.62	58.42	66.24	60.61	72.46	77.65	89.05
Net Debt to Equity	-51.05	-49.57	38.59	14.32	30.42	338.4	-762.03	1,210.08	-246.77	-249.89	-176.96
Net Debt/Capital (%)	-547.21	-214.12	40.84	17.36	-38.53	-30.28	-30.72	-12.3	-13.35	-14.32	-15.73
EBITDA	-1	-4	-10	-25	-68	-29	13	-34	-2	15	7
EBITDA-CapEx	-1	-4	-11	-39	-118	-43	-7	-41	-8	10	-17
Operating Income (Loss)	-1	-4	-10	-32	-90	-56	-18	-66	-29	-9	-12

Liquidity (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Cash Ratio	0.48	5.49	0.67	1.84	0.82	0.05	0.05	0.15	0.1	0.25	0.17
Current Ratio	1.16	5.8	1.99	5.05	1.56	0.2	0.19	0.55	0.36	0.99	0.71
Quick Ratio	1.16	5.65	1.92	2.3	0.94	0.06	0.06	0.2	0.14	0.32	0.26
CFO/Avg Current Liab	- -	-3.14	-1.19	-3.23	-2.24	-0.07	0.06	-0.1	0.03	0.12	0.04
Common Equity/Total Assets	29.14	63.8	26.63	45.05	-70.28	-205.06	-232.36	-412.24	-478.59	-492.65	-537.33
Long-Term Debt/Equity (%)	- -	4.2	62.16	28.07	42.88	88.32	- -	1,602.48	- -	- -	- -
Long-Term Debt/Capital (%)	- -	5.46	50.62	29.16	-62.08	-8.07	-9.74	-16.5	-17.15	-18.12	-19.24
Long-Term Debt/Total Assets (%)	- -	3.68	29.61	18.55	25.86	11.84	16.18	58.03	69.66	75.21	86.24
Total Debt/Equity (%)	- -	4.2	66.89	28.07	47.47	435.87	-966.78	1,673.83	-325.95	-321.11	-221.23
Total Debt/Capital (%)	- -	5.46	54.47	29.16	-68.72	-39.84	-39.88	-17.24	-17.84	-18.71	-19.87
Total Debt/Total Assets (%)	- -	3.68	31.86	18.55	28.62	58.42	66.24	60.61	72.46	77.65	89.05
CFO/Total Liabilities	-283.36	-138.55	-27.06	-49.52	-24.52	-3.21	4.38	-6.67	1.11	3.73	0.88
CFO/CapEx	- -	-1,550.78	-9.17	-2.04	-1.13	-0.69	0.79	-2.76	0.62	2.19	0.13
Altman's Z-Score	-7.68	6.13	-0.06	0.34	-3.12	-6.48	-6.08	-9.75	-10.69	-8.95	-9.83

Working Capital (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Accounts Receivable Turnover	- -	3.82	- -	1.61	17.2	35.19	58.46	42.98	37	33.03	24.06
Days Sales Outstanding	- -	95.57	- -	226.82	21.23	10.37	6.24	8.49	9.87	11.05	15.17
Inventory Turnover	- -	- -	- -	-0.75	2.86	3.06	3.45	3.04	3.48	3.86	3.5
Days Inventory Outstanding	- -	- -	- -	-488.47	127.43	119.35	105.69	120.24	104.83	94.45	104.24
Accounts Payable Turnover	- -	- -	0.18	2.22	4.94	5.29	7.52	7.39	7.31	6.58	5.37
Accounts Payable Turnover Days	- -	- -	1,992.94	164.07	73.94	68.94	48.53	49.39	49.96	55.5	68.02
Cash Conversion Cycle	- -	- -	- -	-425.72	74.71	60.78	63.4	79.34	64.74	50	51.39
Inventory to Cash Days	- -	- -	- -	715.29	-106.2	-108.98	-99.45	-111.75	-94.96	-83.4	-89.07
Inventories	- -	- -	- -	16	20	25	29	30	25	22	22
Raw Materials	- -	- -	- -	5	9	12	12	16	12	8	10
Work In Process	- -	- -	- -	3	4	6	9	6	6	5	6
Finished Goods	- -	- -	- -	3	13	8	7	9	7	10	7
Other Inventory	- -	- -	- -	5	-5	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Market Capitalization	- -	28	57	257	231	32	16	99	170	45	24
- Cash & Cash Equivalents	- -	9	6	15	35	11	13	14	13	19	12
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	1	15	31	167	206	229	184	201	210	228
Enterprise Value	- -	19	65	273	364	228	232	269	358	237	241
Total Capital	- -	13	27	107	-243	-518	-573	-1,067	-1,127	-1,125	-1,148
Total Debt/Capital (%)	- -	5.46	54.47	29.16	-68.72	-39.84	-39.88	-17.24	-17.84	-18.71	-19.87
Total Debt / EV	- -	0.04	0.22	0.11	0.46	0.91	0.99	0.68	0.56	0.89	0.95
EV/Sales	- -	48.48	- -	80.27	4.64	1.5	1.14	1.65	2.25	1.42	1.67
EV/EBITDA	- -	- -	- -	- -	- -	- -	17.82	- -	- -	15.57	34.08
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	7.54	3.76	34.62	10.44	12.41	5.95
EV/Free Cash Flow to Firm	- -	- -	- -	41.77	21.72	5.12	2.83	18.15	8.87	9.55	3.74
Diluted Market Cap	- -	28	57	257	231	32	16	99	170	45	24
Diluted Enterprise Value	- -	19	65	273	364	228	232	269	358	237	241
EV per Share	- -	1.19	2.28	4.28	2.3	1.33	1.35	0.08	0.06	0.04	0.04
TTM Sales	- -	- -	- -	3	78	152	203	163	159	168	144
TTM EBITDA	-1	-4	-10	-25	-68	-29	13	-34	-2	15	7
TTM Operating Income	-1	-4	-10	-32	-90	-56	-18	-66	-29	-9	-12
TTM Cash Flow to Firm	-1	-3	-4	-7	-34	30	62	8	34	19	40
TTM Free Cash Flow to Firm	-1	-3	-3	7	17	44	82	15	40	25	64

Multiples (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	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	12/31/2025

Price/Free Cash Flow	- -	-8.15	-9.82	-17.88	-34.98	7.3	0.45	-7.99	17.25	2.49	0.9
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	19	65	273	364	228	232	269	358	237	241
Low Price	- -	0.93	0.97	1.96	1.14	0.05	0.09	0.03	0.01	- -	- -
EV/Sales	- -	48.48	- -	80.27	4.64	1.5	1.14	1.65	2.25	1.42	1.67
EV/EBITDA	- -	- -	- -	- -	- -	- -	17.82	- -	- -	15.57	34.08
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	-5.61	-4.28	-4.4	-1.74	-0.22	-0.54	-0.63	-1.72	-12.56	-0.9
Price/Earnings High	- -	-8.83	-5.59	-7.48	-3.16	-0.97	-1.12	-1.38	-3.72	-28.69	-1.81
Price/Earnings Low	- -	-2.94	-2.02	-2.02	-0.59	-0.03	-0.21	-0.19	-0.92	-2.96	-0.57
Price/Book Value	- -	2.17	4.66	3.39	-0.56	-0.04	-0.02	-0.08	-0.13	-0.03	-0.02
Price/Book Value Average	- -	2.23	4.81	3.59	-1.3	-0.1	-0.05	-0.23	-0.1	-0.07	-0.03
Price/Book Value High	- -	3.5	6.28	6.12	-2.35	-0.42	-0.11	-0.5	-0.21	-0.16	-0.05
Price/Book Value Low	- -	1.17	2.27	1.65	-0.44	-0.01	-0.02	-0.07	-0.05	-0.02	-0.02
Price/Tangible Book Value	- -	1.85	5.57	14.87	-8.85	-0.29	-0.1	-0.94	-1.02	-0.31	-0.14
Price/Tangible Book Value Average	- -	1.9	5.75	15.75	-20.37	-0.63	-0.25	-2.66	-0.79	-0.66	-0.21
Price/Tangible Book Value High	- -	2.98	7.52	26.81	-36.96	-2.74	-0.53	-5.87	-1.7	-1.52	-0.42
Price/Tangible Book Value Low	- -	0.99	2.71	7.24	-6.91	-0.08	-0.1	-0.81	-0.42	-0.16	-0.13
Price/Sales	- -	70.64	- -	75.59	2.95	0.21	0.08	0.61	1.07	0.27	0.17
Price/Sales Average	- -	72.4	- -	80.07	6.79	0.46	0.2	1.73	0.83	0.57	0.25
Price/Sales High	- -	113.93	- -	136.27	12.32	2.01	0.43	3.81	1.79	1.31	0.51
Price/Sales Low	- -	37.99	- -	36.79	2.3	0.06	0.08	0.53	0.44	0.13	0.16
Price/Cash Flow	- -	-8.15	-8.75	-9.1	-4.07	-3.29	1.01	-5.1	45.01	3.62	7.76
Price/Cash Flow Average	- -	-8.35	-9.03	-9.64	-9.36	-7.09	2.57	-14.48	34.8	7.65	11.46
Price/Cash Flow High	- -	-13.14	-11.81	-16.4	-16.98	-31.05	5.36	-31.91	75.4	17.47	23.19
Price/Cash Flow Low	- -	-4.38	-4.26	-4.43	-3.17	-0.87	1.01	-4.43	18.76	1.8	7.33
Price/Free Cash Flow Average	- -	-8.36	-10.14	-18.94	-80.5	15.73	1.13	-22.68	13.34	5.25	1.33
Price/Free Cash Flow High	- -	-13.15	-13.25	-32.24	-146.06	68.91	2.37	-49.99	28.9	11.99	2.7
Price/Free Cash Flow Low	- -	-4.39	-4.78	-8.7	-27.3	1.93	0.45	-6.94	7.19	1.24	0.85
EV/Sales Average	- -	50.24	- -	84.75	8.48	1.75	1.26	2.77	2.01	1.72	1.75
EV/Sales High	- -	91.77	- -	140.95	14.01	3.3	1.49	4.85	2.97	2.45	2.01
EV/Sales Low	- -	15.83	- -	41.47	3.99	1.34	1.14	1.57	1.62	1.28	1.66
EV/EBITDA Average	0.16	-5.42	-6.84	-11.44	-9.8	-9.27	19.75	-13.14	-205.09	18.88	35.72
EV/EBITDA High	0.16	-9.9	-8.67	-19.03	-16.19	-17.51	23.22	-23.02	-303.59	26.96	40.95
EV/EBITDA Low	0.16	-1.71	-3.68	-5.6	-4.61	-7.13	17.82	-7.44	-166.18	14.07	33.89
EV/EBIT Average	0.16	-5.41	-6.74	-9.14	-7.36	-4.69	-14.23	-6.87	-11.12	-30.32	-20.64
EV/EBIT High	0.16	-9.88	-8.55	-15.21	-12.16	-8.86	-16.73	-12.03	-16.45	-43.3	-23.66
EV/EBIT Low	0.16	-1.7	-3.62	-4.47	-3.46	-3.61	-12.84	-3.89	-9.01	-22.6	-19.58
Last Price	- -	1.73	1.99	4.03	1.46	0.19	0.09	0.03	0.03	0.01	- -
High Price	- -	2.79	2.68	7.27	6.1	1.78	0.5	0.18	0.04	0.03	0.01
Enterprise Value Average	- -	20	67	289	665	265	257	452	319	288	252
Enterprise Value High	- -	36	85	480	1,098	500	302	792	473	411	289
Enterprise Value Low	- -	6	36	141	313	204	232	256	259	215	239

Shares Outstanding	17	16	26	59	172	172	172	6,403	6,511	6,678	6,859
Diluted Weighted Avg Shares	17	16	29	64	158	172	172	3,372	6,437	6,540	6,702
Basic Weighted Avg Shares	17	16	29	64	158	172	172	3,372	6,437	6,540	6,702
Revenue per Share	- -	0.02	- -	0.05	0.5	0.88	1.18	0.05	0.02	0.03	0.02
EBITDA per Share	-0.08	-0.23	-0.34	-0.39	-0.43	-0.17	0.08	-0.01	- -	- -	- -
Operating Income per Share	-0.08	-0.23	-0.35	-0.49	-0.57	-0.33	-0.11	-0.02	- -	- -	- -
Basic EPS, GAAP	-0.08	-0.32	-0.48	-0.97	-1.93	-1.83	-0.45	-0.13	-0.01	- -	-0.01
Basic EPS from Cont Ops	-0.08	-0.32	-0.48	-0.97	-1.93	-1.83	-0.45	-0.13	-0.01	- -	-0.01
Diluted EPS, GAAP	-0.08	-0.32	-0.48	-0.97	-1.93	-1.83	-0.45	-0.13	-0.01	- -	-0.01
Diluted EPS from Cont Ops	-0.08	-0.32	-0.48	-0.97	-1.93	-1.83	-0.45	-0.13	-0.01	- -	-0.01
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.07	-0.21	-0.23	-0.44	-0.36	-0.06	0.09	-0.01	- -	- -	- -
Free Cash Flow per Basic Share	-0.07	-0.21	-0.25	-0.66	-0.68	-0.14	-0.02	-0.01	- -	- -	- -
Cash & Equivalents per Share	0.01	0.59	0.22	0.24	0.22	0.06	0.08	- -	- -	- -	- -
Book Value per Share	0.01	0.8	0.43	1.19	-2.6	-4.22	-4.67	-0.37	-0.21	-0.2	-0.21
Tangible Book Value per Share	0.02	0.94	0.36	0.27	-0.17	-0.65	-0.95	-0.03	-0.03	-0.02	-0.03

iAnthus Capital Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)