Investcorp Credit Management BDC, Inc. Financial Ratios — ICMB

Profitability (USD)

	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
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	12/31/2025

Return on Common Equity (%)	- -	- -	4.84	7.77	-5.2	14.17	9.15	-9.24	-19.63	-2.26	2.72	3.57	-5.03	-12.98
Return on Assets (%)	- -	- -	2.81	4.61	-2.75	7.66	5.12	-4.46	-7.78	-0.82	1.01	1.35	-1.93	-4.64
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	94.32	93.05	82.42	212	83.61	81.54	148.8	121.86	-64.3	40	47.67	-484.48	193.2
Profit Margin (%)	- -	- -	40.02	82.42	212	83.61	69.99	150.43	122.58	-72.75	36.21	43.69	-518.31	203.5
Net Income to Common Margin (%)	- -	- -	40.02	82.42	212	83.61	69.99	150.43	122.58	-72.75	36.21	43.69	-518.31	203.5
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	14.17	- -	- -	- -	9.47	8.34	- -	- -
Dvd Payout Ratio (%)	- -	8.38	313.25	120.33	-265.26	75.36	87.45	-93.18	-54.84	-426.41	328.81	266.22	-273.38	-103.05
Sustainable Growth Rate (%)	- -	- -	-10.32	-1.58	-18.98	3.49	1.15	-17.86	-30.39	-11.91	-6.23	-5.93	-18.78	-26.35

Credit (USD)

Credit Ratios API ChatGPT

	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
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	12/31/2025

Total Debt	- -	76	86	149	131	101	118	166	182	165	147	135	106	123
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	76	86	149	131	101	118	166	182	165	147	135	106	123
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	82.96	46.67	64.85	54.64	50.87	57.41	54.53	42.46	36.43	36	37.95	37.83	39.02	32.48
Long-Term Debt/Equity (%)	- -	87.68	42.75	75.41	80.47	59.68	68.72	115.68	168.63	171.68	157.01	154.49	141.61	200.78
Long-Term Debt/Capital (%)	- -	46.72	29.95	42.99	44.59	37.37	40.73	53.64	62.77	63.19	61.09	60.7	58.61	66.75
Long-Term Debt/Total Assets (%)	- -	40.92	27.72	41.2	40.93	34.26	37.47	49.13	61.43	61.8	59.59	58.45	55.25	65.2
Total Debt/Equity (%)	- -	87.68	42.75	75.41	80.47	59.68	68.72	115.68	168.63	171.68	157.01	154.49	141.61	200.78
Total Debt/Capital (%)	- -	46.72	29.95	42.99	44.59	37.37	40.73	53.64	62.77	63.19	61.09	60.7	58.61	66.75
Total Debt/Total Assets (%)	- -	40.92	27.72	41.2	40.93	34.26	37.47	49.13	61.43	61.8	59.59	58.45	55.25	65.2
Net Debt to Equity	- -	- -	-12.34	-10.93	-11.33	-6.26	-3.28	-13.77	-13.76	-6.07	-2.73	-1.25	-0.21	-7.47
Net Debt/Capital (%)	- -	- -	-9.46	-6.65	-6.7	-4.08	-1.98	-6.82	-5.4	-2.28	-1.07	-0.49	-0.09	-2.55
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	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
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	82.96	46.67	64.85	54.64	50.87	57.41	54.53	42.46	36.43	36	37.95	37.83	39.02	32.48
Long-Term Debt/Equity (%)	- -	87.68	42.75	75.41	80.47	59.68	68.72	115.68	168.63	171.68	157.01	154.49	141.61	200.78
Long-Term Debt/Capital (%)	- -	46.72	29.95	42.99	44.59	37.37	40.73	53.64	62.77	63.19	61.09	60.7	58.61	66.75
Long-Term Debt/Total Assets (%)	- -	40.92	27.72	41.2	40.93	34.26	37.47	49.13	61.43	61.8	59.59	58.45	55.25	65.2
Total Debt/Equity (%)	- -	87.68	42.75	75.41	80.47	59.68	68.72	115.68	168.63	171.68	157.01	154.49	141.61	200.78
Total Debt/Capital (%)	- -	46.72	29.95	42.99	44.59	37.37	40.73	53.64	62.77	63.19	61.09	60.7	58.61	66.75
Total Debt/Total Assets (%)	- -	40.92	27.72	41.2	40.93	34.26	37.47	49.13	61.43	61.8	59.59	58.45	55.25	65.2
CFO/Total Liabilities	- -	-160.11	-58.8	-29.43	26.28	35.94	-19.68	-7.2	-5.59	11.8	13.88	14.37	31.61	9.14
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	0.05	1.15	0.73	0.44	0.73	0.46	0.06	-0.35	-0.27	-0.36	-0.45	-0.68	-0.89

Working Capital (USD)

Working Capital Ratios API ChatGPT

	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
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	12/31/2025

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

	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
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	12/31/2025

Market Capitalization	- -	- -	198	185	121	136	121	103	48	75	61	52	48	39
- Cash & Cash Equivalents	- -	- -	25	22	18	11	6	20	15	6	3	1	- -	5
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	76	86	149	131	101	118	166	182	165	147	135	106	123
Enterprise Value	- -	76	259	312	233	227	233	249	216	235	205	186	154	158
Total Capital	18	164	286	345	294	271	289	309	290	262	240	223	181	184
Total Debt/Capital (%)	- -	46.72	29.95	42.99	44.59	37.37	40.73	53.64	62.77	63.19	61.09	60.7	58.61	66.75
Total Debt / EV	- -	1	0.33	0.48	0.56	0.45	0.51	0.67	0.84	0.7	0.72	0.73	0.69	0.78
EV/Sales	- -	9.02	14.87	16.65	- -	8.04	10.43	- -	- -	73.82	28.73	25.19	195.62	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	5.64	5	- -	- -	- -	11.62	9.68	9.01	4.17	13.52
EV/Free Cash Flow to Firm	- -	- -	- -	- -	5.64	5	- -	- -	- -	11.62	9.68	9.01	4.17	13.52
Diluted Market Cap	- -	- -	198	185	121	136	121	103	48	75	61	52	48	39
Diluted Enterprise Value	- -	76	259	312	233	227	233	249	215	235	205	186	154	157
EV per Share	- -	6.04	18.92	22.81	17.05	16.56	17.06	18.27	15.55	16.86	14.27	12.96	10.72	10.91
TTM Sales	- -	8	17	19	-4	28	22	-10	-20	3	7	7	1	-4
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	-160	-64	-48	41	45	-28	-14	-11	20	21	21	37	12
TTM Free Cash Flow to Firm	- -	-160	-64	-48	41	45	-28	-14	-11	20	21	21	37	12

Multiples (USD)

Valuation Multiples API ChatGPT

	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
As of date	06/30/2012	06/30/2013	06/30/2014	06/30/2015	06/30/2016	06/30/2017	06/30/2018	06/30/2019	06/30/2020	06/30/2021	06/30/2022	06/30/2023	06/30/2024	12/31/2025

Price/Free Cash Flow	- -	- -	-3.1	-3.84	2.92	3	-4.3	-7.38	-4.55	3.72	2.86	2.52	1.31	3.34
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	76	259	312	233	227	233	249	216	235	205	186	154	158
Low Price	- -	- -	12.51	9.57	6.29	8.44	7.35	5.54	1.37	2.87	3.7	3.18	2.98	2.46
EV/Sales	- -	9.02	14.87	16.65	- -	8.04	10.43	- -	- -	73.82	28.73	25.19	195.62	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	28.41	11.97	- -	5.76	7.74	- -	- -	- -	23.45	16.1	- -	- -
Price/Earnings Average	- -	- -	28.6	11.51	-14.44	5.63	7.74	-7.38	-3.31	-27.5	29.51	17.45	-12.48	-4.75
Price/Earnings High	- -	- -	33.24	13.09	-20.31	6.22	9.05	-8.93	-4.26	-37.87	36.39	22.24	-15.83	-5.66
Price/Earnings Low	- -	- -	24.58	8.47	-9.2	4.9	6.44	-5.19	-0.76	-17.25	20.46	14.15	-10.48	-4.01
Price/Book Value	- -	- -	0.99	0.94	0.74	0.8	0.7	0.72	0.45	0.78	0.65	0.59	0.65	0.64
Price/Book Value Average	- -	- -	0.99	0.9	0.83	0.78	0.7	0.75	0.76	0.66	0.82	0.64	0.68	0.69
Price/Book Value High	- -	- -	1.15	1.03	1.17	0.86	0.82	0.91	0.98	0.91	1.01	0.82	0.86	0.82
Price/Book Value Low	- -	- -	0.85	0.66	0.53	0.68	0.58	0.53	0.18	0.41	0.57	0.52	0.57	0.58
Price/Tangible Book Value	- -	- -	0.99	0.94	0.74	0.8	0.7	0.72	0.45	0.78	0.65	0.59	0.65	0.64
Price/Tangible Book Value Average	- -	- -	0.99	0.9	0.83	0.78	0.7	0.75	0.76	0.66	0.82	0.64	0.68	0.69
Price/Tangible Book Value High	- -	- -	1.15	1.03	1.17	0.86	0.82	0.91	0.98	0.91	1.01	0.82	0.86	0.82
Price/Tangible Book Value Low	- -	- -	0.85	0.66	0.53	0.68	0.58	0.53	0.18	0.41	0.57	0.52	0.57	0.58
Price/Sales	- -	- -	11.37	9.87	-27.36	4.82	5.42	-10.66	-2.38	23.62	8.49	7.04	61.26	-8.96
Price/Sales Average	- -	- -	11.45	9.49	-30.62	4.71	5.42	-11.1	-4.06	20.01	10.68	7.62	64.68	-9.66
Price/Sales High	- -	- -	13.3	10.79	-43.06	5.2	6.33	-13.44	-5.23	27.55	13.18	9.72	82.05	-11.51
Price/Sales Low	- -	- -	9.84	6.98	-19.51	4.1	4.51	-7.81	-0.94	12.55	7.41	6.18	54.33	-8.16
Price/Cash Flow	- -	- -	-3.1	-3.84	2.92	3	-4.3	-7.38	-4.55	3.72	2.86	2.52	1.31	3.34
Price/Cash Flow Average	- -	- -	-3.12	-3.69	3.27	2.93	-4.3	-7.68	-7.74	3.15	3.6	2.73	1.38	3.6
Price/Cash Flow High	- -	- -	-3.62	-4.2	4.59	3.24	-5.02	-9.3	-9.96	4.34	4.44	3.47	1.75	4.3
Price/Cash Flow Low	- -	- -	-2.68	-2.72	2.08	2.55	-3.57	-5.41	-1.78	1.98	2.49	2.21	1.16	3.05
Price/Free Cash Flow Average	- -	- -	-3.12	-3.69	3.27	2.93	-4.3	-7.68	-7.74	3.15	3.6	2.73	1.38	3.6
Price/Free Cash Flow High	- -	- -	-3.62	-4.2	4.59	3.24	-5.02	-9.3	-9.96	4.34	4.44	3.47	1.75	4.3
Price/Free Cash Flow Low	- -	- -	-2.68	-2.72	2.08	2.55	-3.57	-5.41	-1.78	1.98	2.49	2.21	1.16	3.05
EV/Sales Average	- -	9.02	14.95	16.27	- -	7.93	10.43	- -	- -	70.2	30.94	25.78	199.04	- -
EV/Sales High	- -	9.02	16.81	17.57	- -	8.42	11.34	- -	- -	77.76	33.45	27.87	216.42	- -
EV/Sales Low	- -	9.02	13.34	13.77	- -	7.32	9.52	- -	- -	62.74	27.65	24.34	188.69	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	14.46	13.52	8.82	9.93	8.84	7.56	3.49	5.4	4.24	3.62	3.36	2.7
High Price	- -	- -	16.92	14.78	13.88	10.72	10.33	9.53	7.65	6.3	6.58	5	4.5	3.47
Enterprise Value Average	- -	76	260	305	248	224	233	253	250	223	221	191	157	161
Enterprise Value High	- -	76	292	329	302	238	253	276	274	247	239	206	171	169
Enterprise Value Low	- -	76	232	258	199	206	213	221	186	200	197	180	149	154

Shares Outstanding	13	13	14	14	14	14	14	14	14	14	14	14	14	14
Diluted Weighted Avg Shares	- -	13	14	14	14	14	14	14	14	14	14	14	14	14
Basic Weighted Avg Shares	- -	13	14	14	14	14	14	14	14	14	14	14	14	14
Revenue per Share	- -	0.67	1.27	1.37	-0.32	2.06	1.63	-0.71	-1.46	0.23	0.5	0.51	0.05	-0.3
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	0.51	1.13	-0.68	1.72	1.14	-1.07	-1.79	-0.17	0.18	0.22	-0.28	-0.61
Basic EPS from Cont Ops	- -	0.63	1.18	1.13	-0.68	1.72	1.14	-1.07	-1.79	-0.17	0.18	0.22	-0.28	-0.61
Diluted EPS, GAAP	- -	- -	0.51	1.13	-0.68	1.72	1.14	-1.07	-1.79	-0.17	0.18	0.22	-0.28	-0.61
Diluted EPS from Cont Ops	- -	0.63	1.18	1.13	-0.68	1.72	1.14	-1.07	-1.79	-0.17	0.18	0.22	-0.28	-0.61
Dividend per Share	- -	0.11	5.82	1.36	1.81	1.3	1	0.99	0.98	0.71	0.59	0.6	0.78	0.63
Cash Flow per Share	- -	-12.6	-4.67	-3.52	3.02	3.31	-2.06	-1.02	-0.77	1.45	1.48	1.44	2.57	0.81
Free Cash Flow per Basic Share	- -	-12.6	-4.67	-3.52	3.02	3.31	-2.06	-1.02	-0.77	1.45	1.48	1.44	2.57	0.81
Cash & Equivalents per Share	- -	- -	1.81	1.58	1.35	0.78	0.41	1.45	1.07	0.42	0.18	0.08	0.01	0.32
Book Value per Share	1.43	6.89	14.65	14.41	11.9	12.41	12.57	10.51	7.79	6.92	6.5	6.09	5.21	4.25
Tangible Book Value per Share	1.43	6.89	14.65	14.41	11.9	12.41	12.57	10.51	7.79	6.92	6.5	6.09	5.21	4.25

Investcorp Credit Management BDC, Inc.