Splash Beverage Group, Inc. Financial Ratios — SBEV Stock

Profitability	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-22.93	9.42	-16.42	-49.48	21.01	-114.4	-594.17	-226.86	-128.76	-154.42
Return on Capital (%)	- -	- -	24.52	- -	- -	160.56	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	18.9	- -	- -	144.82	- -	- -	- -	- -	- -
Gross Margin (%)	50.29	57.74	52.42	52.1	50.81	53.77	50	15.81	34.62	32.72	29.54
EBITDA Margin (%)	0.53	-0.25	4.8	-0.01	-11.1	9.34	-40.05	-762.94	-256.02	-113.11	-78.2
Operating Margin (%)	0.13	-4.6	2.11	-4.94	-17.56	5.09	-46.22	-767.86	-257.01	-118.28	-81.1
Incremental Operating Margin (%)	- -	- -	16.05	- -	- -	54.1	- -	- -	- -	- -	- -
Pretax Margin (%)	-0.68	-4.97	2.13	-4.83	-16.48	5.21	-46.89	-851.62	-259.33	-119.64	-111.42
Profit Margin (%)	-0.68	-4.97	2.13	-4.83	-16.48	5.21	-46.89	-1,246.65	-256.72	-119.92	-111.42
Net Income to Common Margin (%)	-0.68	-4.97	2.13	-4.83	-16.48	5.21	-46.89	-1,246.65	-256.72	-119.92	-111.42
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	- -	- -	- -	- -	- -	- -	- -	4	5	4	9
ST Debt	- -	- -	- -	- -	- -	- -	- -	2	4	1	9
LT Debt	- -	- -	- -	- -	- -	- -	- -	2	1	3	1
Total Debt/EBITDA	44.4	-77.54	2.46	-1,590.99	-0.88	0.65	-0.71	-0.25	-0.17	-0.21	-0.63
Net Debt/EBITDA	44.13	-60.9	2.29	-670.7	-0.7	0.6	-0.61	-0.23	0.01	0.04	-0.57
Total Debt/EBIT	181.75	-4.16	5.61	-2.13	-0.56	1.2	-0.62	-0.25	-0.17	-0.2	-0.61
Net Debt/EBIT	180.67	-3.27	5.22	-0.9	-0.44	1.09	-0.53	-0.22	0.01	0.04	-0.55
EBITDA to Interest Expense	0.66	-0.38	8.02	-0.01	-22.28	21.39	-48.67	-8.86	-65.43	-81.35	-2.59
EBITDA-CapEx/Interest Expense	0.66	-8.13	3.01	-12.52	-35.33	8.16	-55.16	-8.86	-65.43	-81.35	-2.59
EBIT to Interest Expense	0.16	-7.11	3.52	-10.7	-35.22	11.67	-56.16	-8.92	-65.68	-85.07	-2.69
Interest Expense	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	6
Common Equity/Total Assets	-62.32	-12.38	-0.62	11.16	-30.23	-0.65	-89.16	-567.1	-552.97	-648.9	-1,346.54
Long-Term Debt/Equity (%)	- -	- -	- -	63.79	- -	- -	- -	- -	11.64	32.36	- -
Long-Term Debt/Capital (%)	33.76	30.15	20.25	17.3	94.54	7.12	-2.33	-4.03	-1.21	-2.8	-0.61
Long-Term Debt/Total Assets (%)	18.58	17.26	8.83	7.12	5.81	1.35	0.48	20.94	6.3	17.43	7.61
Total Debt/Equity (%)	-188.3	-562.44	-7,139.53	268.71	-120.34	-3,005.64	-132.96	-4,335.93	56.78	46.83	-166.72
Total Debt/Capital (%)	213.25	121.62	101.42	72.88	591.73	103.44	-328.89	-9.23	-5.89	-4.05	-7.54
Total Debt/Total Assets (%)	117.35	69.63	44.22	30	36.38	19.57	68.37	47.94	30.75	25.23	94.41
Net Debt to Equity	-187.18	-441.75	-6,645.05	113.28	-95.74	-2,743.14	-113.77	-3,882.02	-1.92	-8.74	-149.97
Net Debt/Capital (%)	214.7	129.26	101.53	53.11	-2,248.21	103.78	-222.79	-8.2	0.19	0.73	-6.76
EBITDA	- -	- -	- -	- -	- -	- -	- -	-18	-29	-20	-15
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	-18	-29	-20	-15
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	-18	-29	-21	-15

Liquidity	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	- -	0.16	0.03	0.21	0.06	0.02	0.04	0.07	0.65	0.89	0.03
Current Ratio	0.52	0.75	0.89	1.01	0.65	0.86	0.59	0.41	1.29	2.15	0.27
Quick Ratio	0.43	0.66	0.79	0.92	0.56	0.76	0.52	0.18	0.82	1.33	0.1
CFO/Avg Current Liab	- -	0.01	0.07	0.13	-0.06	0.18	-0.44	-7.06	-2.56	-2.46	-1.03
Common Equity/Total Assets	-62.32	-12.38	-0.62	11.16	-30.23	-0.65	-89.16	-567.1	-552.97	-648.9	-1,346.54
Long-Term Debt/Equity (%)	- -	- -	- -	63.79	- -	- -	- -	- -	11.64	32.36	- -
Long-Term Debt/Capital (%)	33.76	30.15	20.25	17.3	94.54	7.12	-2.33	-4.03	-1.21	-2.8	-0.61
Long-Term Debt/Total Assets (%)	18.58	17.26	8.83	7.12	5.81	1.35	0.48	20.94	6.3	17.43	7.61
Total Debt/Equity (%)	-188.3	-562.44	-7,139.53	268.71	-120.34	-3,005.64	-132.96	-4,335.93	56.78	46.83	-166.72
Total Debt/Capital (%)	213.25	121.62	101.42	72.88	591.73	103.44	-328.89	-9.23	-5.89	-4.05	-7.54
Total Debt/Total Assets (%)	117.35	69.63	44.22	30	36.38	19.57	68.37	47.94	30.75	25.23	94.41
CFO/Total Liabilities	-22.95	0.65	5.42	10.17	-5.61	15.18	-35.4	-229.18	-202.51	-176.3	-65.72
CFO/CapEx	- -	0.04	0.49	0.55	-0.3	0.82	-4.2	- -	- -	- -	- -
Altman's Z-Score	2.57	1.63	3.18	1.73	-0.8	2.73	4.82	-35.43	-17.19	-13.94	-43.7

Working Capital	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	8.73	7.26	5.42	5.01	5.79	3.33	5.79	14.15	12.36	13.95
Days Sales Outstanding	- -	41.82	50.28	67.3	72.87	63.04	109.48	63.04	25.79	29.53	26.17
Inventory Turnover	- -	19.07	23.79	20.71	17.46	18.09	14.09	4.67	5.44	4.31	4.45
Days Inventory Outstanding	- -	19.14	15.35	17.62	20.9	20.17	25.91	78.11	67.14	84.66	82.09
Accounts Payable Turnover	- -	4.51	4.21	2.84	2.02	2.23	1.45	2.88	4.96	5.27	3.02
Accounts Payable Turnover Days	- -	80.92	86.78	128.61	180.38	163.56	251.12	126.58	73.55	69.21	120.93
Cash Conversion Cycle	- -	-19.96	-21.15	-43.68	-86.61	-80.35	-115.72	14.56	19.38	44.98	-12.68
Inventory to Cash Days	- -	22.68	34.94	49.68	51.97	42.87	83.57	-15.07	-41.35	-55.13	-55.92
Inventories	- -	- -	- -	- -	- -	- -	- -	1	2	4	2
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	1	2	4	2

Enterprise Value	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	10	130	34	36	23
- Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -	- -	4	4	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	4	5	4	9
Enterprise Value	- -	- -	- -	- -	- -	- -	10	134	35	36	32
Total Capital	- -	- -	- -	- -	- -	- -	- -	-48	-86	-108	-124
Total Debt/Capital (%)	213.25	121.62	101.42	72.88	591.73	103.44	-328.89	-9.23	-5.89	-4.05	-7.54
Total Debt / EV	1.01	1.27	1.07	2.37	1.26	1.1	0.03	0.03	0.15	0.12	0.29
EV/Sales	0.23	0.15	0.11	0.04	0.08	0.06	9.98	58.34	3.06	1.98	1.72
EV/EBITDA	44.13	- -	2.29	- -	- -	0.6	- -	- -	- -	- -	- -
EV/EBIT	180.67	- -	5.22	- -	- -	1.09	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	17.74	5.35	1.22	- -	1.07	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	2.57	2.18	0.47	1.55	0.51	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	10	130	34	36	23
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	10	134	35	36	32
EV per Share	0.03	0.02	0.03	0.01	0.02	0.02	2.62	3.62	1.2	0.96	0.76
TTM Sales	- -	1	1	1	1	1	1	2	11	18	19
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	-18	-29	-20	-15
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	-18	-29	-21	-15
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	-19	-15	-14	-4
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	-19	-15	-14	-4

Multiples	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	-29.83	-4.96	-3.47	-3.84	-1.91
Price/Earnings High	- -	- -	- -	- -	- -	- -	-219.31	-19.78	-8.89	-9.65	-3.74
Price/Earnings Low	- -	- -	- -	- -	- -	- -	-2.44	-0.58	-0.98	-1.38	-0.76
Price/Book Value	- -	- -	- -	- -	- -	- -	-26.03	-2.49	-0.37	-0.32	-0.18
Price/Book Value Average	- -	- -	- -	- -	- -	- -	-37.47	-2.72	-1.11	-0.74	-0.3
Price/Book Value High	- -	- -	- -	- -	- -	- -	-275.5	-10.84	-2.85	-1.86	-0.59
Price/Book Value Low	- -	- -	- -	- -	- -	- -	-3.06	-0.32	-0.32	-0.27	-0.12
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	-45.14	-21.71	11.21	8.53	-2.27
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	-64.97	-23.74	33.51	19.74	-3.88
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	-477.67	-94.64	85.78	49.69	-7.61
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	-5.31	-2.78	9.5	7.1	-1.55
Price/Sales	- -	- -	- -	- -	- -	- -	9.72	56.58	2.98	1.99	1.24
Price/Sales Average	- -	- -	- -	- -	- -	- -	13.99	61.87	8.92	4.6	2.13
Price/Sales High	- -	- -	- -	- -	- -	- -	102.83	246.63	22.83	11.58	4.17
Price/Sales Low	- -	- -	- -	- -	- -	- -	1.14	7.25	2.53	1.65	0.85
Price/Cash Flow	- -	- -	- -	- -	- -	- -	-43.3	-6.09	-2.22	-2.55	-2.3
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	-62.32	-6.66	-6.63	-5.91	-3.93
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	-458.23	-26.54	-16.98	-14.88	-7.71
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	-5.09	-0.78	-1.88	-2.13	-1.57
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	-58.3	-6.09	-2.22	-2.55	-2.3
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	-83.91	-6.66	-6.63	-5.91	-3.93
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	-616.94	-26.54	-16.98	-14.88	-7.71
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	-6.86	-0.78	-1.88	-2.13	-1.57
EV/Sales	0.23	0.15	0.11	0.04	0.08	0.06	9.98	58.34	3.06	1.98	1.72
EV/Sales Average	0.23	0.15	0.11	0.04	0.08	0.06	14.25	63.63	8.99	4.6	2.6
EV/Sales High	0.23	0.15	0.11	0.04	0.08	0.06	103.09	248.39	22.91	11.57	4.64
EV/Sales Low	0.23	0.15	0.11	0.04	0.08	0.06	1.41	9.01	2.6	1.65	1.33
EV/EBITDA	44.13	- -	2.29	- -	- -	0.6	- -	- -	- -	- -	- -
EV/EBITDA Average	44.13	-60.9	2.29	-670.7	-0.7	0.6	-35.57	-8.34	-3.51	-4.06	-3.33
EV/EBITDA High	44.13	-60.9	2.29	-670.7	-0.7	0.6	-257.39	-32.56	-8.95	-10.23	-5.94
EV/EBITDA Low	44.13	-60.9	2.29	-670.7	-0.7	0.6	-3.51	-1.18	-1.02	-1.46	-1.69
EV/EBIT	180.67	- -	5.22	- -	- -	1.09	- -	- -	- -	- -	- -
EV/EBIT Average	180.67	-3.27	5.22	-0.9	-0.44	1.09	-30.83	-8.29	-3.5	-3.89	-3.21
EV/EBIT High	180.67	-3.27	5.22	-0.9	-0.44	1.09	-223.07	-32.35	-8.91	-9.78	-5.72
EV/EBIT Low	180.67	-3.27	5.22	-0.9	-0.44	1.09	-3.04	-1.17	-1.01	-1.4	-1.63
Last Price	- -	- -	- -	- -	- -	- -	2.55	3.51	1.17

Splash Beverage Group, Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples