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Short-Term Liquidity Risk

Ratios 2010 2009 2008


Current Ratio 2.488 2.760 4.139
Operating Cashflow to Current Liabilities
1.496 2.722 1.722
Days Receivable Oustanding 4.438 4.956 4.742
Revenues to Cash 1.200 2.295 4.127
Days Revenues to Cash 304.048 159.030 88.444

Long-Term Solvency Risk 2010 2009 2008


Liabilities to Assets Ratio 0.6440 0.60248 0.65001
Liabilities to Stockholder's Equity
1.8092 1.51560 1.85724
Long Term Debt to LongTerm Capital0.6019 0.58716 0.63973
Long Term Debt to Stockholder's 1.5122
Equity 1.42222 1.77571
Interest Coverage 2.8846 3.41 2.65
Operating Cashflow to Total Liabilites
0.0853 0.110 0.074

Profitability Ratios 2010


ROA 0.07
Profit Margin for ROA 0.43
Total Asset Turnover 0.16
Year Sales Growth Rate
2010 448,687 0.18
2009 379,531 -0.06
2008 405,370 1.19
2007 185,387 0.39
2006 133,232 0.14
2005 116,906

Average Sales Growth Rate36.72%

Assets Asset Growth Rate


2010 3,183,708 0.36
2009 2,336,802 0.17
2008 1,990,006 0.2
2007 1,653,272 2.13
2006 528,262 0.08
2005 489,958

Average Asset Growth Rate58.96%

Net Income NI Growth


2010 141,243 -0.05
2009 148,624 0.72
2008 86,580 -0.19
2007 106,809 0.68
2006 63,522 0.17
2005 54,482

Average NI Growth Rate 0.26

Dividends
2010 $0.00
2009 $0.00
2008 $3.85
2007 $2.64
2006 $2.40
2005 $0.60

Beta 2.32
Risk Free Rate 0.03
Market Return 0.11
RE 0.21

Interest Expense Tot Debt RD


2010 72,650 1,746,248 0.04
2009 61,796 1,327,000 0.05
2008 52,589 1,173,300 0.04

NI Int Expense Cash Flow for Equity


2010 141,243 72,650 68,593
2009 148,624 61,796 86,828
2008 86,580 52,589 33,991
Cash Flow from Equity
Shares Oustanding
per Share
2010 68,593 32,987,449 $0.002
2009 86,828 31,295,212 $0.003
2008 33,991 30,290,016 $0.001

Total Assets Tot Liabilities Tot Equity


Actual 3,183,708 2,049,759 1,133,949
+1 Year 5,060,822 3,258,157 1,802,665
+2 Year 8,044,683 5,179,167 2,865,516
+3 Year 12,787,828 8,232,804 4,555,024
+4 Year 20,327,532 13,086,865 7,240,667

PV of Tot Equity
Actual 1,133,949
+1 Year 1,491,532
+2 Year 1,961,723
+3 Year 2,580,138
+4 Year 3,393,503
Indefinite 16,267,990

Total Per Share


NPV 26,828,835 $81.33

Cash Flow from Equity


Actual 68,593
+1 Year 109,035
+2 Year 173,323
+3 Year 275,514
+4 Year 437,957

PV of Cash Flow from Equity


Actual 68,593
+1 Year 90,216
+2 Year 118,656
+3 Year 156,062
+4 Year 205,258
Indefinite 983,981

Total Per Share


NPV 1,622,766 $4.92

Sales Tot Avg Asset TO


Projected Assets
Actual 448,687 0.16 2,759,453
+1 Year 613,445 0.16 3,772,724
+2 Year 838,702 0.16 5,158,068
+3 Year 1,146,673 0.16 7,052,110
+4 Year 1,567,732 0.16 9,641,645

Total Assets Tot Liabilities Tot Equity


Actual 2,759,453 2,049,759 709,694
+1 Year 3,772,724 2,428,879 1,343,844
+2 Year 5,158,068 3,320,764 1,837,304
+3 Year 7,052,110 4,540,149 2,511,962
+4 Year 9,641,645 6,207,291 3,434,354

PV of Tot Equity
Actual 709,694
+1 Year 1,111,902
+2 Year 1,257,824
+3 Year 1,422,885
+4 Year 1,609,577
Indefinite 7,716,092

Total Per Share


NPV 13,827,974 $41.92