Saratoga Investment Corp. Financial Ratios — SAR Stock

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	2026 Y
As of date	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	02/28/2025	02/28/2026

Return on Common Equity (%)	14.47	13.63	7.65	9.33	9.4	9.02	13.05	11.41	22.98	4.86	13.86	7.02	2.49	7.36	9.28
Return on Assets (%)	11.84	9.37	4.36	4.6	4.17	3.71	5.21	4.45	11.13	2.63	6.23	2.53	0.79	2.36	3.14
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	78.49	81.04	69.84	77.25	74.42	66.66	78.71	77.66	88.58	75.75	84.26	73.6	57.45	75.92	76.3
Profit Margin (%)	78.49	81.04	69.84	75.24	73.7	66.4	78.77	74.68	87.63	56.14	79.43	67.88	43.87	66.71	73.33
Net Income to Common Margin (%)	78.49	81.04	69.84	75.24	73.7	66.4	78.77	74.68	87.63	56.14	79.43	67.88	43.87	66.71	73.33
Effective Tax Rate (%)	- -	- -	- -	2.6	0.97	0.39	- -	3.84	1.08	25.89	5.73	7.78	23.64	12.14	3.89
Dvd Payout Ratio (%)	14.81	23.46	29.51	13.03	67.89	59.59	50.98	64.9	30.5	76.24	39.7	91.85	358.79	145.08	143.03
Sustainable Growth Rate (%)	12.33	10.43	5.39	8.11	3.02	3.65	6.4	4	15.97	1.15	8.36	0.57	-6.45	-3.32	-3.99

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	2026 Y
As of date	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	02/28/2025	02/28/2026

Total Debt	40	60	94	132	161	181	206	277	205	274	499	711	804	782	726
ST Debt	20	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	20	60	94	132	161	181	206	277	205	274	499	711	804	782	726
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	77.6	62.32	52.72	46.52	42.42	39.95	39.88	38.43	57.32	51.37	40.6	32.18	31.08	32.95	34.77
Long-Term Debt/Equity (%)	20.54	55.48	83.13	107.76	128.45	142.56	143.7	153.23	67.33	90.09	140.22	204.96	217.08	199.11	183.17
Long-Term Debt/Capital (%)	14.56	35.68	45.39	51.87	56.23	58.77	58.97	60.51	40.24	47.39	58.37	67.21	68.46	66.57	64.69
Long-Term Debt/Total Assets (%)	15.94	34.57	43.82	50.13	54.48	56.95	57.3	58.88	38.59	46.28	56.93	65.96	67.47	65.61	63.69
Total Debt/Equity (%)	41.08	55.48	83.13	107.76	128.45	142.56	143.7	153.23	67.33	90.09	140.22	204.96	217.08	199.11	183.17
Total Debt/Capital (%)	29.12	35.68	45.39	51.87	56.23	58.77	58.97	60.51	40.24	47.39	58.37	67.21	68.46	66.57	64.69
Total Debt/Total Assets (%)	31.87	34.57	43.82	50.13	54.48	56.95	57.3	58.88	38.59	46.28	56.93	65.96	67.47	65.61	63.69
Net Debt to Equity	19.18	-0.14	-2.9	-1.54	-1.95	-7.31	-2.73	-17.03	-8.08	-6.19	-13.28	-18.95	-2.35	-37.75	-0.42
Net Debt/Capital (%)	13.73	-0.09	-1.61	-0.75	-0.86	-3.11	-1.13	-7.21	-5.08	-3.37	-5.85	-6.63	-0.75	-14.44	-0.15
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	2026 Y
As of date	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	02/28/2025	02/28/2026

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	77.6	62.32	52.72	46.52	42.42	39.95	39.88	38.43	57.32	51.37	40.6	32.18	31.08	32.95	34.77
Long-Term Debt/Equity (%)	20.54	55.48	83.13	107.76	128.45	142.56	143.7	153.23	67.33	90.09	140.22	204.96	217.08	199.11	183.17
Long-Term Debt/Capital (%)	14.56	35.68	45.39	51.87	56.23	58.77	58.97	60.51	40.24	47.39	58.37	67.21	68.46	66.57	64.69
Long-Term Debt/Total Assets (%)	15.94	34.57	43.82	50.13	54.48	56.95	57.3	58.88	38.59	46.28	56.93	65.96	67.47	65.61	63.69
Total Debt/Equity (%)	41.08	55.48	83.13	107.76	128.45	142.56	143.7	153.23	67.33	90.09	140.22	204.96	217.08	199.11	183.17
Total Debt/Capital (%)	29.12	35.68	45.39	51.87	56.23	58.77	58.97	60.51	40.24	47.39	58.37	67.21	68.46	66.57	64.69
Total Debt/Total Assets (%)	31.87	34.57	43.82	50.13	54.48	56.95	57.3	58.88	38.59	46.28	56.93	65.96	67.47	65.61	63.69
CFO/Total Liabilities	-80.78	-56	-29.02	-15.41	-18.97	3.52	-14.21	-13.8	-6.68	-21.65	-39.03	-17.83	-19.15	24.73	-11.85
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	1.29	0.64	0.36	0.29	0.21	0.35	0.27	0.35	0.84	0.58	0.49	0.34	0.25	0.31	0.29

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	2026 Y
As of date	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	02/28/2025	02/28/2026

Accounts Receivable Turnover	9.91	19.82	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	36.85	18.42	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
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	2026 Y
As of date	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	02/28/2025	02/28/2026

Market Capitalization	62	81	85	85	81	132	137	176	257	258	333	328	322	395	376
- Cash & Cash Equivalents	1	- -	3	2	2	9	4	31	25	19	47	66	9	148	2
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	40	60	94	132	161	181	206	277	205	274	499	711	804	782	726
Enterprise Value	100	141	176	215	239	304	339	423	437	513	785	973	1,117	1,028	1,100
Total Capital	137	169	208	255	286	309	350	458	509	578	855	1,058	1,174	1,174	1,122
Total Debt/Capital (%)	29.12	35.68	45.39	51.87	56.23	58.77	58.97	60.51	40.24	47.39	58.37	67.21	68.46	66.57	64.69
Total Debt / EV	0.4	0.43	0.53	0.61	0.67	0.6	0.61	0.66	0.47	0.53	0.64	0.73	0.72	0.76	0.66
EV/Sales	5.93	8.12	14.49	14.72	15.12	17.72	15.12	17.06	6.87	19.48	13.63	26.76	54.87	24.42	22.03
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	45.1	- -	- -	- -	- -	- -	- -	- -	5.21	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	45.1	- -	- -	- -	- -	- -	- -	- -	5.21	- -
Diluted Market Cap	55	70	78	85	79	131	132	162	214	258	315	330	299	362	367
Diluted Enterprise Value	93	130	169	215	238	303	334	409	394	513	766	975	1,094	995	1,091
EV per Share	25.86	29.74	32.77	39.87	42.13	52.45	54.23	55.21	38.98	45.95	64.7	81.83	81.84	67.73	67.78
TTM Sales	17	17	12	15	16	17	22	25	64	26	58	36	20	42	50
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-23	-37	-30	-22	-32	7	-31	-40	-15	-62	-203	-130	-157	198	-88
TTM Free Cash Flow to Firm	-23	-37	-30	-22	-32	7	-31	-40	-15	-62	-203	-130	-157	198	-88

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	2026 Y
As of date	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	02/28/2025	02/28/2026

Price/Free Cash Flow	-2.4	-1.9	-2.64	-3.91	-2.46	19.37	-4.28	-4.06	-14.1	-4.14	-1.55	-2.53	-1.9	1.83	-4.17
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	100	141	176	215	239	304	339	423	437	513	785	973	1,117	1,028	1,100
Low Price	12.01	14.75	15.13	14.36	13.41	13.91	19.62	18.6	21.97	5.94	22.29	20.16	22.63	21.56	21.1
EV/Sales	5.93	8.12	14.49	14.72	15.12	17.72	15.12	17.06	6.87	19.48	13.63	26.76	54.87	24.42	22.03
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	4.11	4.98	9.18	7.71	6.82	11.46	7.45	8.77	3.83	17.48	6.88	13.36	33.49	12.88	10.03
Price/Earnings Average	4.59	4.97	10.02	7.58	7.67	9.07	7.39	8.61	4.16	13.65	6.79	12.23	35.89	11.77	10.34
Price/Earnings High	5.82	5.96	12.18	8.16	8.71	11.8	8.1	10.77	4.8	19.08	7.58	13.79	40.95	13.12	11.33
Price/Earnings Low	3.11	4.32	8.76	7.03	6.43	7.01	6.69	7.08	3.67	4.5	5.58	9.77	32.1	10.68	9.14
Price/Book Value	0.63	0.74	0.75	0.69	0.64	1.04	0.95	0.98	0.84	0.85	0.94	0.94	0.87	1.01	0.95
Price/Book Value Average	0.71	0.74	0.82	0.68	0.72	0.82	0.94	0.96	0.92	0.66	0.92	0.86	0.93	0.92	0.98
Price/Book Value High	0.9	0.89	1	0.73	0.82	1.07	1.04	1.2	1.06	0.92	1.03	0.97	1.06	1.02	1.07
Price/Book Value Low	0.48	0.64	0.72	0.63	0.61	0.63	0.85	0.79	0.81	0.22	0.76	0.69	0.83	0.83	0.86
Price/Tangible Book Value	0.63	0.74	0.75	0.69	0.64	1.04	0.95	0.98	0.84	0.85	0.94	0.94	0.87	1.01	0.95
Price/Tangible Book Value Average	0.71	0.74	0.82	0.68	0.72	0.82	0.94	0.96	0.92	0.66	0.92	0.86	0.93	0.92	0.98
Price/Tangible Book Value High	0.9	0.89	1	0.73	0.82	1.07	1.04	1.2	1.06	0.92	1.03	0.97	1.06	1.02	1.07
Price/Tangible Book Value Low	0.48	0.64	0.72	0.63	0.61	0.63	0.85	0.79	0.81	0.22	0.76	0.69	0.83	0.83	0.86
Price/Sales	3.22	4.04	6.41	5.8	5.02	7.61	5.87	6.55	3.36	9.81	5.47	9.07	14.69	8.59	7.35
Price/Sales Average	3.6	4.03	7	5.71	5.65	6.02	5.82	6.43	3.65	7.66	5.4	8.3	15.74	7.85	7.58
Price/Sales High	4.57	4.83	8.51	6.14	6.42	7.83	6.38	8.05	4.2	10.71	6.02	9.36	17.96	8.75	8.31
Price/Sales Low	2.44	3.5	6.12	5.29	4.74	4.66	5.27	5.29	3.22	2.52	4.43	6.63	14.08	7.12	6.7
Price/Cash Flow	-2.4	-1.9	-2.64	-3.91	-2.46	19.37	-4.28	-4.06	-14.1	-4.14	-1.55	-2.53	-1.9	1.83	-4.17
Price/Cash Flow Average	-2.68	-1.9	-2.88	-3.84	-2.77	15.33	-4.25	-3.99	-15.32	-3.24	-1.53	-2.32	-2.04	1.67	-4.3
Price/Cash Flow High	-3.4	-2.27	-3.51	-4.13	-3.15	19.93	-4.65	-4.99	-17.66	-4.52	-1.71	-2.61	-2.33	1.87	-4.71
Price/Cash Flow Low	-1.82	-1.65	-2.52	-3.56	-2.32	11.85	-3.84	-3.28	-13.52	-1.07	-1.26	-1.85	-1.82	1.52	-3.8
Price/Free Cash Flow Average	-2.68	-1.9	-2.88	-3.84	-2.77	15.33	-4.25	-3.99	-15.32	-3.24	-1.53	-2.32	-2.04	1.67	-4.3
Price/Free Cash Flow High	-3.4	-2.27	-3.51	-4.13	-3.15	19.93	-4.65	-4.99	-17.66	-4.52	-1.71	-2.61	-2.33	1.87	-4.71
Price/Free Cash Flow Low	-1.82	-1.65	-2.52	-3.56	-2.32	11.85	-3.84	-3.28	-13.52	-1.07	-1.26	-1.85	-1.82	1.52	-3.8
EV/Sales Average	6.35	8.11	15.13	14.63	15.76	16.12	15.07	16.93	7.22	17.34	13.56	26.01	56	23.61	22.26
EV/Sales High	7.44	9.03	16.78	15.06	16.54	17.95	15.65	18.68	7.9	20.38	14.22	27.06	58.39	24.6	23.01
EV/Sales Low	5.04	7.5	14.17	14.2	14.83	14.74	14.5	15.69	6.71	12.21	12.54	24.35	54.21	22.82	21.36
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	15.88	17.02	15.85	15.76	14.22	22.74	21.86	23.04	22.91	23.08	27.47	27.55	23.61	26	23.16
High Price	22.5	20.37	21.04	16.67	18.17	23.4	23.78	28.3	28.7	25.2	30.25	28.44	28.87	26.49	26.17
Enterprise Value Average	107	140	184	214	249	276	338	420	460	456	781	945	1,140	994	1,111
Enterprise Value High	126	157	204	220	261	308	351	463	502	536	819	984	1,189	1,036	1,149
Enterprise Value Low	85	130	172	208	234	253	325	389	427	322	722	885	1,104	961	1,066

Shares Outstanding	4	5	5	5	6	6	6	8	11	11	12	12	14	15	16
Diluted Weighted Avg Shares	3	4	5	5	6	6	6	7	9	11	11	12	13	14	16
Basic Weighted Avg Shares	3	4	5	5	6	6	6	7	9	11	11	12	13	14	16
Revenue per Share	4.92	4.22	2.47	2.72	2.83	2.99	3.73	3.52	6.83	2.35	5.03	3.04	1.61	3.03	3.15
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	3.87	3.42	1.73	2.04	2.09	1.98	2.93	2.63	5.98	1.32	3.99	2.06	0.71	2.02	2.31
Basic EPS from Cont Ops	3.87	3.42	1.73	2.04	2.09	1.98	2.93	2.63	5.98	1.32	3.99	2.06	0.71	2.02	2.31
Diluted EPS, GAAP	3.87	3.42	1.73	2.04	2.09	1.98	2.93	2.63	5.98	1.32	3.99	2.06	0.71	2.02	2.31
Diluted EPS from Cont Ops	3.87	3.42	1.73	2.04	2.09	1.98	2.93	2.63	5.98	1.32	3.99	2.06	0.71	2.02	2.31
Dividend per Share	0.57	0.8	0.51	0.27	1.42	1.18	1.5	1.7	1.82	1.01	1.58	1.89	2.53	2.93	3.3
Cash Flow per Share	-6.61	-8.95	-6	-4.03	-5.77	1.17	-5.11	-5.67	-1.63	-5.57	-17.73	-10.9	-12.41	14.2	-5.55
Free Cash Flow per Basic Share	-6.61	-8.95	-6	-4.03	-5.77	1.17	-5.11	-5.67	-1.63	-5.57	-17.73	-10.9	-12.41	14.2	-5.55
Cash & Equivalents per Share	0.34	0.03	0.61	0.35	0.43	1.61	0.63	4.02	2.19	1.69	3.9	5.53	0.64	9.76	0.1
Book Value per Share	25.12	22.98	21.08	22.7	22.06	21.97	22.96	23.62	27.13	27.25	29.33	29.18	27.12	25.86	24.42
Tangible Book Value per Share	25.12	22.98	21.08	22.7	22.06	21.97	22.96	23.62	27.13	27.25	29.33	29.18	27.12	25.86	24.42

Saratoga Investment Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)