Medicine Man Technologies, Inc. Financial Ratios — SHWZ

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	21.73	-243.07	-90.74	6.47	-67.3	-37.73	8.16	-6.08	-10.15
Return on Capital (%)	- -	375.65	- -	- -	-15.16	- -	- -	68.75	- -	- -
Return on Invested Capital (%)	- -	20.68	- -	- -	2.84	- -	- -	5.24	- -	- -
Gross Margin (%)	71.42	74.9	26.81	63.1	67.47	28.27	28.23	45.52	50.38	44.09
EBITDA Margin (%)	-11.19	11.58	-179.7	-142.28	9.27	-126.21	-93.44	17.51	19.78	15.09
Operating Margin (%)	-11.41	10.79	-182.45	-144.09	8.23	-126.8	-95.43	9.6	13.09	2.95
Incremental Operating Margin (%)	- -	20.36	- -	- -	130.56	- -	- -	39.46	20.52	-120.72
Pretax Margin (%)	-10.64	11.75	-231.89	-152.46	19.33	-165.36	-84.65	17.45	-2.24	-8.59
Profit Margin (%)	-11.89	10.26	-231.89	-152.46	11.97	-159.87	-80.9	13.39	-11.59	-20.03
Net Income to Common Margin (%)	-11.89	10.26	-231.89	-152.46	11.97	-159.87	-80.9	6.62	-16.48	-24.76
Effective Tax Rate (%)	- -	12.7	- -	- -	38.05	- -	- -	23.24	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	-102.41	29.7	19.1
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Total Debt	- -	- -	1	- -	- -	- -	22	106	148	192
ST Debt	- -	- -	- -	- -	- -	- -	5	- -	5	8
LT Debt	- -	- -	1	- -	- -	- -	17	106	143	183
Total Debt/EBITDA	- -	- -	-0.71	-0.01	- -	- -	-0.96	5.6	4.7	7.37
Net Debt/EBITDA	1.93	-2.71	-0.4	0.14	-0.44	0.88	-0.79	-0.46	2.82	5.29
Total Debt/EBIT	- -	- -	-0.7	-0.01	- -	- -	-0.94	10.22	7.1	37.69
Net Debt/EBIT	1.9	-2.91	-0.4	0.14	-0.49	0.88	-0.77	-0.84	4.26	27.02
EBITDA to Interest Expense	-23.81	- -	-9.07	-58.38	- -	- -	-540.92	2.71	1.05	0.81
EBITDA-CapEx/Interest Expense	-23.81	- -	-9.15	-61.35	- -	- -	-559.44	1.9	0.58	0.48
EBIT to Interest Expense	-24.28	- -	-9.21	-59.12	- -	- -	-552.41	1.48	0.69	0.16
Interest Expense	- -	- -	- -	- -	- -	- -	- -	7	30	32
Common Equity/Total Assets	-6.44	13.79	-192.08	-60.78	-31.9	-70.67	-59.77	-9.73	-14.3	-22.54
Long-Term Debt/Equity (%)	- -	- -	- -	0.54	- -	0.25	39.61	79.51	108.08	153.74
Long-Term Debt/Capital (%)	- -	- -	-137.74	-0.87	- -	-0.29	-79.93	135.1	139.98	165
Long-Term Debt/Total Assets (%)	- -	- -	111.29	0.52	- -	0.21	23.41	37.26	44.24	51.21
Total Debt/Equity (%)	- -	- -	-215.24	0.54	- -	0.25	51.58	79.61	112.15	160.84
Total Debt/Capital (%)	- -	- -	-137.74	-0.87	- -	-0.29	-104.08	135.28	145.26	172.62
Total Debt/Total Assets (%)	- -	- -	111.29	0.52	- -	0.21	30.48	37.31	45.91	53.57
Net Debt to Equity	-18.82	-57.61	-121.83	-6.43	-1.88	-44.6	42.3	-6.58	67.21	115.31
Net Debt/Capital (%)	73.05	133.49	-48.79	9.26	5.25	34.3	-80.56	31.6	140.78	149.68
EBITDA	- -	- -	-1	-5	1	-13	-22	19	32	26
EBITDA-CapEx	- -	- -	-1	-5	1	-14	-23	13	18	15
Operating Income (Loss)	- -	- -	-1	-5	1	-13	-23	10	21	5

Liquidity (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Cash Ratio	2.39	13.79	1.24	2.24	0.28	2.12	0.1	2.36	0.83	0.36
Current Ratio	13.48	19.38	2.32	4.13	1.89	2.79	0.49	2.75	1.51	0.97
Quick Ratio	13.48	17.61	2.22	3.69	1.42	2.33	0.22	2.45	0.93	0.43
CFO/Avg Current Liab	- -	13.49	-4.69	-2.14	-1.58	-2.24	-1.09	0.29	0.14	0.24
Common Equity/Total Assets	-6.44	13.79	-192.08	-60.78	-31.9	-70.67	-59.77	-9.73	-14.3	-22.54
Long-Term Debt/Equity (%)	- -	- -	- -	0.54	- -	0.25	39.61	79.51	108.08	153.74
Long-Term Debt/Capital (%)	- -	- -	-137.74	-0.87	- -	-0.29	-79.93	135.1	139.98	165
Long-Term Debt/Total Assets (%)	- -	- -	111.29	0.52	- -	0.21	23.41	37.26	44.24	51.21
Total Debt/Equity (%)	- -	- -	-215.24	0.54	- -	0.25	51.58	79.61	112.15	160.84
Total Debt/Capital (%)	- -	- -	-137.74	-0.87	- -	-0.29	-104.08	135.28	145.26	172.62
Total Debt/Total Assets (%)	- -	- -	111.29	0.52	- -	0.21	30.48	37.31	45.91	53.57
CFO/Total Liabilities	-900.21	1,377.34	-67.15	-171.41	-101.94	-133.73	-33.9	5.54	3.51	5.11
CFO/CapEx	- -	5.57	-68.38	-2.64	-27.19	-37.72	-12.76	1.48	0.48	1.15
Altman's Z-Score	1.49	3.58	8.77	68.69	17.08	6.9	-6.86	1.68	1.84	0.69

Working Capital (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Accounts Receivable Turnover	- -	19.96	11.61	13.79	8.84	12.55	27.64	41.56	38.23	39.49
Days Sales Outstanding	- -	18.29	31.43	26.48	41.29	29.08	13.21	8.78	9.55	9.24
Inventory Turnover	- -	- -	- -	24.55	8.66	12.97	10.43	8.6	4.7	3.99
Days Inventory Outstanding	- -	- -	- -	14.87	42.15	28.14	35	42.46	77.71	91.5
Accounts Payable Turnover	- -	15.41	106.07	10.12	10.72	15.8	8.97	22	13.6	8.28
Accounts Payable Turnover Days	- -	23.68	3.44	36.08	34.04	23.11	40.7	16.59	26.83	44.07
Cash Conversion Cycle	- -	-5.39	27.99	5.26	49.4	34.1	7.51	34.65	60.42	56.67
Inventory to Cash Days	- -	18.29	31.43	11.61	-0.86	0.94	-21.8	-33.67	-68.16	-82.25
Inventories	- -	- -	- -	- -	- -	1	3	11	23	26
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	2	2
Work In Process	- -	- -	- -	- -	- -	- -	- -	6	15	6
Finished Goods	- -	- -	- -	- -	- -	1	3	6	6	18
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Market Capitalization	- -	- -	28	53	32	90	61	77	77	39
- Cash & Cash Equivalents	- -	- -	- -	1	- -	12	1	106	39	19
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	1	- -	- -	- -	22	106	148	192
Enterprise Value	- -	- -	28	52	31	79	82	76	185	212
Total Capital	- -	- -	-1	-7	-6	-23	-21	79	102	111
Total Debt/Capital (%)	- -	- -	-137.74	-0.87	- -	-0.29	-104.08	135.28	145.26	172.62
Total Debt / EV	- -	- -	0.03	- -	- -	- -	0.26	1.39	0.8	0.91
EV/Sales	- -	- -	45.08	14.85	3.95	7.41	3.41	0.7	1.16	1.23
EV/EBITDA	- -	- -	- -	- -	42.67	- -	- -	4.02	5.88	8.13
EV/EBIT	- -	- -	- -	- -	48.04	- -	- -	7.33	8.89	41.55
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	5.54	1.14	2.43
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	3.92	1.05	2.17
Diluted Market Cap	- -	- -	28	53	35	90	61	180	77	39
Diluted Enterprise Value	- -	- -	28	52	35	79	82	180	186	212
EV per Share	- -	- -	2.78	2.28	1.25	2.33	1.98	1.76	3.43	3.28
TTM Sales	- -	1	1	4	8	11	24	108	159	172
TTM EBITDA	- -	- -	-1	-5	1	-13	-22	19	32	26
TTM Operating Income	- -	- -	-1	-5	1	-13	-23	10	21	5
TTM Cash Flow to Firm	- -	- -	-1	-1	-1	-8	-10	14	163	87
TTM Free Cash Flow to Firm	- -	- -	-1	- -	-1	-7	-9	19	177	98

Multiples (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Price/Free Cash Flow	- -	- -	-38.35	-126.95	-31.04	-12.3	-6.8	12.79	3.7	1.72
EV/EBIT	- -	- -	- -	- -	48.04	- -	- -	7.33	8.89	41.55
Enterprise Value	- -	- -	28	52	31	79	82	76	185	212
Low Price	- -	- -	1.36	0.92	1.06	1.25	1.05	1.48	0.87	0.48
EV/Sales	- -	- -	45.08	14.85	3.95	7.41	3.41	0.7	1.16	1.23
EV/EBITDA	- -	- -	- -	- -	42.67	- -	- -	4.02	5.88	8.13
Price/Earnings	- -	- -	- -	- -	33.36	- -	- -	10.72	- -	- -
Price/Earnings Average	- -	- -	-15.23	-7.03	47.12	-5.75	-3.48	13.61	-3.03	-1.46
Price/Earnings High	- -	- -	-34.92	-12.77	90.01	-8.29	-6.56	19.64	-4.84	-2.41
Price/Earnings Low	- -	- -	-9.5	-3.93	28.06	-2.48	-2.23	8.94	-1.79	-0.73
Price/Book Value	- -	- -	-20.04	-7.85	-5.45	-3.97	-1.45	-2.77	-1.66	-0.49
Price/Book Value Average	- -	- -	-15.95	-5.59	-7.69	-4.29	-1.6	-3.52	-1.72	-0.77
Price/Book Value High	- -	- -	-36.57	-10.16	-14.69	-6.18	-3.01	-5.08	-2.76	-1.28
Price/Book Value Low	- -	- -	-9.95	-3.13	-4.58	-1.85	-1.02	-2.31	-1.02	-0.38
Price/Tangible Book Value	- -	- -	-73.73	39.42	6.75	6.37	-4.28	-10.49	-1.09	-0.34
Price/Tangible Book Value Average	- -	- -	-58.68	28.08	9.54	6.88	-4.71	-13.32	-1.13	-0.55
Price/Tangible Book Value High	- -	- -	-134.54	51.03	18.22	9.91	-8.87	-19.22	-1.81	-0.9
Price/Tangible Book Value Low	- -	- -	-36.6	15.7	5.68	2.97	-3.02	-8.75	-0.67	-0.27
Price/Sales	- -	- -	44.37	15.05	3.99	8.52	2.56	0.71	0.48	0.23
Price/Sales Average	- -	- -	35.32	10.72	5.64	9.2	2.82	0.9	0.5	0.36
Price/Sales High	- -	- -	80.97	19.48	10.78	13.25	5.31	1.3	0.8	0.6
Price/Sales Low	- -	- -	22.02	5.99	3.36	3.97	1.8	0.59	0.29	0.18
Price/Cash Flow	- -	- -	-37.79	-78.8	-27.05	-11.97	-6.27	9.16	11.45	3.22
Price/Cash Flow Average	- -	- -	-30.08	-56.13	-38.21	-12.93	-6.9	11.63	11.88	5.12
Price/Cash Flow High	- -	- -	-68.96	-101.99	-72.99	-18.63	-13	16.77	19.01	8.44
Price/Cash Flow Low	- -	- -	-18.76	-31.38	-22.76	-5.58	-4.42	7.64	7.01	2.54
Price/Free Cash Flow Average	- -	- -	-30.52	-90.44	-43.85	-13.28	-7.48	16.24	3.84	2.74
Price/Free Cash Flow High	- -	- -	-69.98	-164.33	-83.77	-19.13	-14.1	23.42	6.15	4.51
Price/Free Cash Flow Low	- -	- -	-19.03	-50.56	-26.12	-5.74	-4.79	10.67	2.27	1.36
EV/Sales Average	- -	- -	36.04	10.52	5.6	8.09	3.66	0.9	1.18	1.36
EV/Sales High	- -	- -	81.7	19.28	10.74	12.14	6.15	1.3	1.48	1.6
EV/Sales Low	- -	- -	22.75	5.8	3.32	2.86	2.65	0.59	0.98	1.18
EV/EBITDA Average	1.93	-2.71	-20.06	-7.4	60.46	-6.41	-3.92	5.14	5.99	9.04
EV/EBITDA High	1.93	-2.71	-45.46	-13.55	115.9	-9.62	-6.58	7.42	7.5	10.59
EV/EBITDA Low	1.93	-2.71	-12.66	-4.07	35.83	-2.27	-2.84	3.37	4.95	7.82
EV/EBIT Average	1.9	-2.91	-19.75	-7.3	68.06	-6.38	-3.84	9.37	9.05	46.19
EV/EBIT High	1.9	-2.91	-44.78	-13.38	130.46	-9.57	-6.45	13.53	11.34	54.13
EV/EBIT Low	1.9	-2.91	-12.47	-4.02	40.33	-2.26	-2.78	6.16	7.49	40
Last Price	- -	- -	2.74	2.31	1.26	2.68	1.49	1.77	1.42	0.61
High Price	- -	- -	5	2.99	3.4	4.17	3.09	3.25	2.35	1.6
Enterprise Value Average	- -	- -	23	37	44	86	88	98	189	235
Enterprise Value High	- -	- -	52	68	85	129	148	141	237	276
Enterprise Value Low	- -	- -	14	20	26	30	64	64	156	204

Shares Outstanding	10	10	10	23	28	40	42	45	55	74
Diluted Weighted Avg Shares	10	10	10	23	28	34	41	101	54	65
Basic Weighted Avg Shares	10	10	10	23	25	34	41	43	54	65
Revenue per Share	0.03	0.08	0.06	0.15	0.32	0.31	0.58	2.5	2.94	2.67
EBITDA per Share	- -	0.01	-0.11	-0.22	0.03	-0.4	-0.54	0.44	0.58	0.4
Operating Income per Share	- -	0.01	-0.11	-0.22	0.03	-0.4	-0.56	0.24	0.39	0.08
Basic EPS, GAAP	- -	0.01	-0.14	-0.23	0.04	-0.5	-0.47	0.17	-0.49	-0.66
Basic EPS from Cont Ops	- -	0.01	-0.14	-0.23	0.04	-0.5	-0.47	0.34	-0.34	-0.54
Diluted EPS, GAAP	- -	0.01	-0.14	-0.23	0.03	-0.5	-0.47	0.07	-0.49	-0.66
Diluted EPS from Cont Ops	- -	0.01	-0.14	-0.23	0.03	-0.5	-0.47	0.14	-0.34	-0.54
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.02	0.03	-0.07	-0.03	-0.05	-0.22	-0.24	0.19	0.12	0.19
Free Cash Flow per Basic Share	-0.02	0.02	-0.07	-0.04	-0.05	-0.23	-0.26	0.06	-0.14	0.02
Cash & Equivalents per Share	0.01	0.03	0.04	0.03	0.01	0.35	0.03	2.47	0.73	0.31
Book Value per Share	- -	0.01	-0.14	-0.29	-0.23	-0.68	-1.03	-0.64	-0.85	-1.25
Tangible Book Value per Share	0.03	0.05	-0.04	0.06	0.19	0.42	-0.35	-0.17	-1.3	-1.77

Medicine Man Technologies, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)