Direct Equity International, Inc. Financial Ratios — DEQI

Profitability (USD)

	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Return on Common Equity (%)	- -	-16.7	2.18	-72.72	-68.57	-27.84	-56.95
Return on Assets (%)	- -	-5.73	0.86	-36.52	-43.84	-24.22	-48.09
Return on Capital (%)	- -	- -	6.21	-55.19	-61.53	- -	- -
Return on Invested Capital (%)	- -	- -	-8.65	3.2	76.84	- -	- -
Gross Margin (%)	81.35	86.31	93.76	92.55	46.06	44.85	76.95
EBITDA Margin (%)	-44.27	4.77	-15	22.2	-132.12	-210.66	-886.59
Operating Margin (%)	-61.94	-8.41	-18.68	17.42	-138.07	-214.97	-896
Incremental Operating Margin (%)	- -	54.58	- -	- -	100.71	- -	82.13
Pretax Margin (%)	-108.04	-33.37	3.5	30.44	110.26	-198.99	-862.38
Profit Margin (%)	-71.31	-22.02	2.88	-215.69	-301.47	-198.99	-862.38
Net Income to Common Margin (%)	-71.31	-22.02	2.88	-215.69	-301.47	-198.99	-862.38
Effective Tax Rate (%)	- -	- -	17.68	30.61	373.42	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-16.7	2.18	-72.72	-68.57	-27.84	-56.95

Credit (USD)

Credit Ratios API ChatGPT

	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Total Debt	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	-0.06	0.35	-0.1	0.05	-0.21	-0.34	-0.13
Net Debt/EBITDA	0.04	-0.28	-0.05	-0.09	1.16	0.67	0.31
Total Debt/EBIT	-0.04	-0.2	-0.08	0.06	-0.2	-0.33	-0.13
Net Debt/EBIT	0.03	0.16	-0.04	-0.11	1.11	0.66	0.31
EBITDA to Interest Expense	- -	0.16	-1.52	1.91	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	0.16	-1.52	1.91	- -	- -	- -
EBIT to Interest Expense	- -	-0.28	-1.89	1.5	- -	- -	- -
Interest Expense	- -	1	- -	- -	- -	- -	- -
Common Equity/Total Assets	35.92	32.97	48.57	54.19	89.33	83.97	85.33
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	1.15	0.9	0.86	0.51	8.18	11.76	10.65
Total Debt/Capital (%)	1.14	0.89	0.85	0.51	7.56	10.53	9.63
Total Debt/Total Assets (%)	0.41	0.39	0.55	0.31	7.38	10.01	9.09
Net Debt to Equity	-0.83	-0.72	0.41	-0.93	-44.46	-23.4	-26.03
Net Debt/Capital (%)	-0.84	-0.72	0.41	-0.94	-80.06	-30.55	-35.19
EBITDA	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-1	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Cash Ratio	0.13	0.08	0.52	0.26	7.29	3.69	2.5
Current Ratio	0.62	2.14	3.6	3.34	8.33	5.17	3.98
Quick Ratio	0.22	0.12	0.93	0.53	8.33	5.07	3.98
CFO/Avg Current Liab	- -	- -	0.33	0.5	1.4	-2.4	-0.6
Common Equity/Total Assets	35.92	32.97	48.57	54.19	89.33	83.97	85.33
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	1.15	0.9	0.86	0.51	8.18	11.76	10.65
Total Debt/Capital (%)	1.14	0.89	0.85	0.51	7.56	10.53	9.63
Total Debt/Total Assets (%)	0.41	0.39	0.55	0.31	7.38	10.01	9.09
CFO/Total Liabilities	-12.04	0.04	22.87	39.68	317.16	-224.25	-87.24
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.99	- -	- -	- -	-4.64	-6.67	-14.3

Working Capital (USD)

Working Capital Ratios API ChatGPT

	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Accounts Receivable Turnover	- -	9.03	7.89	2.47	2.67	1.24	0.68
Days Sales Outstanding	- -	40.41	46.24	147.6	136.94	294.69	538.32
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

	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Market Capitalization	10	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	1	1	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	10	- -	- -	- -	- -	- -	- -
Total Capital	2	3	4	1	1	1	- -
Total Debt/Capital (%)	1.14	0.89	0.85	0.51	7.56	10.53	9.63
Total Debt / EV	- -	- -	- -	- -	-0.13	-0.33	0.91
EV/Sales	10.28	- -	- -	- -	- -	- -	1.25
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	8	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	7	- -	- -	- -	- -	- -	- -
EV per Share	6.94	- -	- -	- -	- -	- -	0.02
TTM Sales	1	2	2	1	- -	- -	- -
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	-1	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	- -	1	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	1	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Price/Free Cash Flow	-16.06	- -	- -	- -	0.26	-0.43	-3.45
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	10	- -	- -	- -	- -	- -	- -
Low Price	5.68	- -	- -	- -	0.04	0.02	0.02
EV/Sales	10.28	- -	- -	- -	- -	- -	1.25
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	4.76	- -	- -	- -	0.09	0.15	0.44
Price/Book Value Average	84.04	- -	- -	- -	0.15	0.19	0.32
Price/Book Value High	404.3	- -	- -	- -	0.21	0.48	0.53
Price/Book Value Low	3.72	- -	- -	- -	0.09	0.05	0.09
Price/Tangible Book Value	4.76	- -	- -	- -	0.09	0.15	0.44
Price/Tangible Book Value Average	84.04	- -	- -	- -	0.15	0.19	0.32
Price/Tangible Book Value High	404.3	- -	- -	- -	0.21	0.48	0.53
Price/Tangible Book Value Low	3.72	- -	- -	- -	0.09	0.05	0.09
Price/Sales	6.29	- -	- -	- -	0.3	1	5.55
Price/Sales Average	111.16	- -	- -	- -	0.51	1.2	3.97
Price/Sales High	534.77	- -	- -	- -	0.7	3.11	6.66
Price/Sales Low	4.91	- -	- -	- -	0.3	0.31	1.11
Price/Cash Flow	-12.93	- -	- -	- -	0.26	-0.42	-3.45
Price/Cash Flow Average	-228.53	- -	- -	- -	0.43	-0.51	-2.47
Price/Cash Flow High	-1,099.42	- -	- -	- -	0.59	-1.32	-4.14
Price/Cash Flow Low	-10.1	- -	- -	- -	0.26	-0.13	-0.69
Price/Free Cash Flow Average	-283.69	- -	- -	- -	0.44	-0.52	-2.47
Price/Free Cash Flow High	-1,364.78	- -	- -	- -	0.61	-1.35	-4.14
Price/Free Cash Flow Low	-12.54	- -	- -	- -	0.26	-0.13	-0.69
EV/Sales Average	189.88	- -	- -	- -	- -	- -	- -
EV/Sales High	915.33	- -	- -	- -	- -	- -	2.2
EV/Sales Low	7.93	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -
Last Price	7.27	- -	- -	- -	0.04	0.05	0.08
High Price	618.18	- -	- -	- -	0.09	0.15	0.09
Enterprise Value Average	183	- -	- -	- -	- -	- -	- -
Enterprise Value High	883	- -	- -	- -	- -	- -	- -
Enterprise Value Low	8	- -	- -	- -	- -	- -	- -

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y
As of date	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005

Shares Outstanding	1	1	2	2	2	2	2
Diluted Weighted Avg Shares	1	1	2	2	2	2	2
Basic Weighted Avg Shares	1	1	2	1	2	2	2
Revenue per Share	1.16	1.47	1.18	0.46	0.13	0.05	0.01
EBITDA per Share	-0.51	0.07	-0.18	0.1	-0.17	-0.1	-0.12
Operating Income per Share	-0.72	-0.12	-0.22	0.08	-0.18	-0.1	-0.12
Basic EPS, GAAP	-0.82	-0.32	0.03	-0.98	-0.39	-0.1	-0.12
Basic EPS from Cont Ops	-0.82	-0.32	0.03	0.1	-0.39	-0.1	-0.12
Diluted EPS, GAAP	-0.66	-0.32	0.03	-0.82	-0.38	-0.09	-0.12
Diluted EPS from Cont Ops	-0.66	-0.32	0.03	0.08	-0.38	-0.09	-0.12
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.56	- -	0.27	0.25	0.15	-0.12	-0.02
Free Cash Flow per Basic Share	-0.56	- -	0.27	0.25	0.15	-0.12	-0.02
Cash & Equivalents per Share	0.35	0.1	0.34	0.05	0.35	0.21	0.07
Book Value per Share	1.53	1.76	1.58	0.74	0.44	0.31	0.17
Tangible Book Value per Share	1.53	1.76	1.58	0.74	0.44	0.31	0.17