Mesabi Trust Financial Ratios — MSB 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
As of date	01/31/2011	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025

Return on Common Equity (%)	3,068.88	3,291.94	2,769.5	1,943.97	1,908.73	161.48	101.73	321.19	332.4	209.91	165.38	290.94	25.14	117.13	421.08
Return on Assets (%)	311.47	319.37	325.85	259.96	265.59	85.96	81.14	165.17	147.74	101.71	100.51	178.98	15.61	93.04	145.27
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	99.33	99.29	99.21	99.03	99.14	98.06	98.27	99.4	99.44	99.14	99.17	99.59	95.57	98.84	98.99
EBITDA Margin (%)	97.73	97.51	97.48	96.04	96.08	89.21	91.22	97.21	97.31	94.89	91.51	96.28	68.24	83.94	81.08
Operating Margin (%)	97.73	97.51	97.48	96.04	96.08	89.21	91.22	97.21	97.31	94.89	91.51	96.28	68.24	83.94	81.08
Incremental Operating Margin (%)	100.31	88.53	97.9	100.8	96.3	100.16	107.98	99.98	97.6	102.32	110.02	99.02	99.59	92	62.27
Pretax Margin (%)	97.41	97.32	97.13	95.53	95	88.1	89.72	97.15	96.86	94.79	90.32	96.94	70.82	85.93	366.42
Profit Margin (%)	97.41	97.32	97.13	95.53	95	88.1	89.72	97.15	96.86	94.79	90.32	96.94	70.82	85.93	366.42
Net Income to Common Margin (%)	97.41	97.32	97.13	95.53	95	88.1	89.72	97.15	96.86	94.79	90.32	96.94	70.82	85.93	366.42
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	96.39	95.53	111.06	95.96	93.76	104.24	73.91	58.49	80.35	146.67	93.6	54.57	897.06	24.19	18.99
Sustainable Growth Rate (%)	110.79	147.27	-306.42	78.61	119.1	-6.84	26.55	133.33	65.33	-97.97	10.58	132.18	-200.4	88.8	341.12

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
As of date	01/31/2011	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.27	-0.31	-0.22	-0.36	-0.35	-0.3	-1.38	-0.01	-0.02	-0.34	-0.53	-0.7	-2.73	-1.29	-4.86
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.27	-0.31	-0.22	-0.36	-0.35	-0.3	-1.38	-0.01	-0.02	-0.34	-0.53	-0.7	-2.73	-1.29	-4.86
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.24	9.24	15.46	11.5	15.96	91.57	71.62	40.45	47.4	50.03	71.86	57.12	81.02	78.59	22.93
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-880.1	-994.02	-569.05	-784.47	-541.11	-28.78	-134.19	-2.97	-5.25	-86.03	-75.87	-154.99	-122.1	-114.33	-429.55
Net Debt/Capital (%)	112.82	111.19	121.32	114.61	122.67	-40.41	392.45	-3.06	-5.54	-615.57	-314.4	281.86	552.41	797.94	130.34
EBITDA	33	33	31	21	25	9	10	33	46	30	24	68	5	19	21
EBITDA-CapEx	33	33	31	21	25	9	10	33	46	30	24	68	5	19	21
Operating Income (Loss)	33	33	31	21	25	9	10	33	46	30	24	68	5	19	21

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
As of date	01/31/2011	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025

Cash Ratio	1.08	1.01	1.11	1.05	1.09	10.06	7.28	1.54	1.77	2.53	3.47	2.06	5.21	4.2	1.28
Current Ratio	1.11	1.06	1.15	1.06	1.16	11.31	7.33	1.68	1.9	2.54	3.55	2.33	5.27	4.67	1.3
Quick Ratio	1.11	1.05	1.14	1.06	1.15	11.24	7.3	1.68	1.9	2.53	3.54	2.33	5.22	4.62	1.3
CFO/Avg Current Liab	3.24	3.52	3.7	3.03	3.02	1.77	9.08	3.36	2.66	2.47	2.64	4.25	1.07	3.48	2.23
Common Equity/Total Assets	10.24	9.24	15.46	11.5	15.96	91.57	71.62	40.45	47.4	50.03	71.86	57.12	81.02	78.59	22.93
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	350.65	326.66	474.81	280.98	286	993.15	311.13	188.98	243.97	292.72	322.51	271.83	517.51	255.56	119.82
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	14.86	13.09	17.78	10.97	11.15	6.23	5.1	6.57	6.82	6.97	6.41	6.98	3.83	5.16	1.52

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
As of date	01/31/2011	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025

Accounts Receivable Turnover

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Days Sales Outstanding

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Inventory Turnover

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Days Inventory Outstanding

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Accounts Payable Turnover

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Accounts Payable Turnover Days

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Cash Conversion Cycle

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Inventory to Cash Days

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Inventories

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Raw Materials

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Work In Process

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Finished Goods

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Other Inventory

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Enterprise Value (USD)

API ChatGPT

	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
As of date	01/31/2011	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	9	10	7	8	9	3	14	- -	1	10	13	48	14	24	100
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	1	1	1	1	2	9	10	11	17	12	16	31	11	21	23
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	33	34	32	22	26	10	11	34	47	32	26	71	7	22	25
TTM EBITDA	33	33	31	21	25	9	10	33	46	30	24	68	5	19	21
TTM Operating Income	33	33	31	21	25	9	10	33	46	30	24	68	5	19	21
TTM Cash Flow to Firm	30	33	31	21	24	8	13	30	45	35	21	63	14	15	94
TTM Free Cash Flow to Firm	30	33	31	21	24	8	13	30	45	35	21	63	14	15	94

Multiples (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
As of date	01/31/2011	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025

Price/Free Cash Flow

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EV/EBIT

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Enterprise Value

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Low Price

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EV/Sales

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EV/EBITDA

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Price/Earnings

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Price/Earnings Average

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Price/Earnings High

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Price/Earnings Low

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Price/Book Value

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Price/Book Value Average

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Price/Book Value High

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Price/Book Value Low

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Price/Tangible Book Value

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Price/Tangible Book Value Average

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Price/Tangible Book Value High

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Price/Tangible Book Value Low

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Price/Sales

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Price/Sales Average

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Price/Sales High

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Price/Sales Low

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Price/Cash Flow

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Price/Cash Flow Average

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Price/Cash Flow High

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Price/Cash Flow Low

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Price/Free Cash Flow Average

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Price/Free Cash Flow High

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Price/Free Cash Flow Low

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EV/Sales Average

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EV/Sales High

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EV/Sales Low

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EV/EBITDA Average

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EV/EBITDA High

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EV/EBITDA Low

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EV/EBIT Average

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EV/EBIT High

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EV/EBIT Low

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Last Price

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High Price

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Enterprise Value Average

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Enterprise Value High

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Enterprise Value Low

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Shares Outstanding	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13
Diluted Weighted Avg Shares	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13
Basic Weighted Avg Shares	13	13	13	13	13	13	13	13	13	13	13	13	13	13	13
Revenue per Share	2.54	2.6	2.41	1.68	1.99	0.74	0.83	2.62	3.58	2.42	1.98	5.41	0.57	1.68	1.94
EBITDA per Share	2.48	2.54	2.34	1.61	1.91	0.66	0.76	2.55	3.49	2.29	1.81	5.21	0.39	1.41	1.57
Operating Income per Share	2.48	2.54	2.34	1.61	1.91	0.66	0.76	2.55	3.49	2.29	1.81	5.21	0.39	1.41	1.57
Basic EPS, GAAP	2.47	2.53	2.34	1.6	1.89	0.65	0.74	2.55	3.47	2.29	1.78	5.24	0.4	1.45	7.11
Basic EPS from Cont Ops	2.47	2.53	2.34	1.6	1.89	0.65	0.74	2.55	3.47	2.29	1.78	5.24	0.4	1.45	7.11
Diluted EPS, GAAP	2.47	2.53	2.34	1.6	1.89	0.65	0.74	2.55	3.47	2.29	1.78	5.24	0.4	1.45	7.11
Diluted EPS from Cont Ops	2.47	2.53	2.34	1.6	1.89	0.65	0.74	2.55	3.47	2.29	1.78	5.24	0.4	1.45	7.11
Dividend per Share	2.38	2.42	2.6	1.54	1.77	0.68	0.55	1.49	2.79	3.36	1.67	2.86	3.63	0.35	1.35
Cash Flow per Share	2.31	2.52	2.34	1.62	1.85	0.63	0.96	2.25	3.47	2.64	1.59	4.79	1.06	1.11	7.16
Free Cash Flow per Basic Share	2.31	2.52	2.34	1.62	1.85	0.63	0.96	2.25	3.47	2.64	1.59	4.79	1.06	1.11	7.16
Cash & Equivalents per Share	0.71	0.78	0.55	0.6	0.7	0.63	1.08	1.84	2.52	1.79	1.71	3.64	1.06	1.83	7.64
Book Value per Share	0.08	0.08	0.09	0.08	0.12	0.69	0.78	0.81	1.28	0.9	1.26	2.35	0.87	1.6	1.78
Tangible Book Value per Share	0.08	0.08	0.09	0.08	0.12	0.69	0.78	0.81	1.28	0.9	1.26	2.35	0.87	1.6	1.78

Mesabi Trust

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)