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Eaton Vance National Municipal Opportunities Trust (EOT)

Analysis: Margins & Ratios Industry: Asset Management Sector: Financial Services Live Price: $17.47

Income Statement Margins

Metric3Y Avg5Y Avg10Y AvgTTMTTM-12025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-31
Revenue
2,056,206
4,476,108
9,896,008
26,260,269
12,026,464
6,704,275
14,867,150
-15,402,808
-14,208,903
30,420,827
6,622,356
13,987,565
11,986,017
21,547,745
22,435,860
Cost of Revenue
1,504,202
1,906,613
2,443,447
7,222,517
6,347,108
1,480,338
0
3,032,269
2,573,177
2,447,283
2,896,681
3,037,107
3,087,415
3,057,282
2,822,916
Cost of Revenue Margin
0.80%
-1.53%
11.03%
27.50%
52.78%
22.08%
0.00%
-19.69%
-18.11%
8.04%
43.74%
21.71%
25.76%
14.19%
12.58%
Gross Profit
552,003
2,569,495
7,452,562
10,240,861
5,679,356
5,223,937
14,867,150
-18,435,077
-16,782,080
27,973,544
3,725,675
10,950,458
8,898,602
18,490,463
19,612,944
Gross Profit Margin
99.20%
101.53%
88.97%
39.00%
47.22%
77.92%
100.00%
119.69%
118.11%
91.96%
56.26%
78.29%
74.24%
85.81%
87.42%
R&D Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
R&D Expenses Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
SG&A Expenses
301,497
292,800
279,322
-30,790,919
0
331,683
287,849
284,960
286,707
272,802
300,288
278,275
269,669
240,060
240,930
SG&A Expenses Margin
1.68%
0.78%
1.49%
-117.25%
0.00%
4.95%
1.94%
-1.85%
-2.02%
0.90%
4.53%
1.99%
2.25%
1.11%
1.07%
Operating Expenses
319,975
311,252
908,167
-30,790,914
30,044,729
350,368
306,583
302,975
304,449
291,887
318,381
296,280
287,657
288,200
6,334,892
Operating Expenses Margin
1.77%
0.83%
4.30%
-117.25%
249.82%
5.23%
2.06%
-1.97%
-2.14%
0.96%
4.81%
2.12%
2.40%
1.34%
28.24%
Operating Income (EBIT)
1,242,784
626,403
3,820,689
39,099,248
-53,577,765
4,873,569
14,560,567
-15,705,783
-304,449
-291,887
6,872,850
14,409,563
-287,657
802,070
13,278,050
Operating Income (EBIT) Margin
90.87%
54.76%
54.11%
148.89%
-445.50%
72.69%
97.94%
101.97%
2.14%
-0.96%
103.78%
103.02%
-2.40%
3.72%
59.18%
Interest Income
15,278,160
14,873,918
12,597,385
0
0
15,755,478
15,643,100
14,435,902
14,045,651
14,489,457
15,748,896
17,678,036
18,177,334
0
0
Interest Income Margin
82.17%
39.06%
71.11%
0.00%
0.00%
235.01%
105.22%
-93.72%
-98.85%
47.63%
237.81%
126.38%
151.65%
0.00%
0.00%
Interest Expense
1,377,577
905,629
646,904
0
0
1,480,338
1,745,615
906,777
221,986
173,427
568,875
718,278
653,742
0
0
Interest Expense Margin
9.31%
5.39%
4.61%
0.00%
0.00%
22.08%
11.74%
-5.89%
-1.56%
0.57%
8.59%
5.14%
5.45%
0.00%
0.00%
Net Interest Income
13,900,583
13,968,289
11,950,482
0
0
14,275,140
13,897,485
13,529,125
13,823,665
14,316,030
15,180,021
16,959,758
17,523,592
0
0
Net Interest Income Margin
72.86%
33.67%
66.50%
0.00%
0.00%
212.93%
93.48%
-87.84%
-97.29%
47.06%
229.22%
121.25%
146.20%
0.00%
0.00%
Unusual Items
-13,900,583
-17,210,674
-14,641,561
0
-53,577,762
-14,275,140
-13,897,485
-13,529,125
385,238
-44,736,857
-14,611,146
-16,241,480
-29,509,609
-4
3
Unusual Items Margin
-72.86%
-73.67%
-95.13%
0.00%
-445.50%
-212.93%
-93.48%
87.84%
-2.71%
-147.06%
-220.63%
-116.11%
-246.20%
0.00%
0.00%
EBT Excluding Unusual Items
15,143,368
21,079,462
21,153,329
39,099,248
53,577,758
19,148,709
28,458,052
-2,176,658
-14,898,590
74,865,797
20,915,121
29,932,765
41,207,969
802,078
13,278,044
EBT Excluding Unusual Items Margin
163.72%
168.42%
177.86%
148.89%
445.50%
285.62%
191.42%
14.13%
104.85%
246.10%
315.83%
214.00%
343.80%
3.72%
59.18%
Pre-Tax Income
1,242,784
3,868,788
6,511,768
39,099,248
-3
4,873,569
14,560,567
-15,705,783
-14,513,352
30,128,940
6,303,975
13,691,285
11,698,360
802,074
13,278,047
Pre-Tax Income Margin
90.87%
94.76%
82.74%
148.89%
0.00%
72.69%
97.94%
101.97%
102.14%
99.04%
95.19%
97.88%
97.60%
3.72%
59.18%
Income Tax Expense
0
0
-44,880
0
-3
0
0
0
0
0
0
-161,141
-287,657
0
0
Income Tax Expense Margin
0.00%
0.00%
-0.36%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-1.15%
-2.40%
0.00%
0.00%
Net Income
1,242,784
3,868,788
6,511,768
26,337,953
62,499,327
4,873,569
14,560,567
-15,705,783
-14,513,352
30,128,940
6,303,975
13,691,285
11,698,360
802,074
13,278,047
Net Income Margin
90.87%
94.76%
82.74%
100.30%
519.68%
72.69%
97.94%
101.97%
102.14%
99.04%
95.19%
97.88%
97.60%
3.72%
59.18%
Depreciation and Amortization
76,162
3,367,164
-533,313
28,386,216
-53,577,765
0
0
228,485
-13,986,917
30,594,254
171,860
161,141
12,639,759
-29,309,680
-5,832,030
Depreciation and Amortization Margin
-0.49%
39.50%
14.47%
108.10%
-445.50%
0.00%
0.00%
-1.48%
98.44%
100.57%
2.60%
1.15%
105.45%
-136.02%
-25.99%
EBITDA
1,318,946
3,914,485
6,663,332
39,099,252
-37,953,197
4,873,569
14,560,567
-15,477,298
-14,513,352
30,128,940
6,872,850
14,409,563
11,698,360
802,070
13,278,050
EBITDA Margin
90.37%
94.46%
83.96%
148.89%
-315.58%
72.69%
97.94%
100.48%
102.14%
99.04%
103.78%
103.02%
97.60%
3.72%
59.18%
NOPAT
1,242,784
626,403
3,836,941
39,099,248
0
4,873,569
14,560,567
-15,705,783
-304,449
-291,887
6,872,850
14,579,158
-294,730
802,070
13,278,050
NOPAT Margin
90.87%
54.76%
54.22%
148.89%
0.00%
72.69%
97.94%
101.97%
2.14%
-0.96%
103.78%
104.23%
-2.46%
3.72%
59.18%
Owner's Earnings
1,242,784
3,868,788
6,511,768
26,337,948
8,921,562
4,873,569
14,560,565
-15,705,783
-14,513,352
30,128,940
6,303,975
13,691,285
11,698,360
802,074
13,278,047
Owner's Earnings Margin
90.87%
94.76%
82.74%
100.30%
74.18%
72.69%
97.94%
101.97%
102.14%
99.04%
95.19%
97.88%
97.60%
3.72%
59.18%

Balance Sheet Margins

Metric3Y Avg5Y Avg2025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312016-03-31
Revenue
2,056,206
4,476,108
6,704,275
14,867,150
-15,402,808
-14,208,903
30,420,827
6,622,356
13,987,565
11,986,017
22,435,860
Cash & Cash Equivalents
2,444,060
5,484,983
27,944
0
7,304,236
7,304,236
12,788,500
7,959,178
0
0
4,827,680
Cash & Cash Equivalents Margin
-15.67%
-11.27%
0.42%
0.00%
-47.42%
-51.41%
42.04%
120.19%
0.00%
0.00%
21.52%
Short-Term Investments
0
0
0
0
0
0
0
0
0
0
0
Short-Term Investments Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Cash & Short-Term Investments
2,444,060
5,484,983
27,944
0
7,304,236
7,304,236
12,788,500
7,959,178
0
0
4,827,680
Cash & Short-Term Investments Margin
-15.67%
-11.27%
0.42%
0.00%
-47.42%
-51.41%
42.04%
120.19%
0.00%
0.00%
21.52%
Net Receivables
4,593,999
4,695,602
4,468,471
4,428,872
4,884,655
5,273,303
4,422,707
9,180,950
7,334,111
6,155,475
5,519,152
Net Receivables Margin
21.58%
8.43%
66.65%
29.79%
-31.71%
-37.11%
14.54%
138.64%
52.43%
51.36%
24.60%
Inventory
0
0
0
0
0
0
0
0
0
0
0
Inventory Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Other Current Assets
-3,104,509
-7,820,455
0
-4,428,872
-4,884,655
-12,577,539
-17,211,207
-17,140,128
-7,334,111
0
-10,346,832
Other Current Assets Margin
0.64%
6.77%
0.00%
-29.79%
31.71%
88.52%
-56.58%
-258.82%
-52.43%
0.00%
-46.12%
Total Current Assets
3,127,023
3,815,416
4,496,415
0
4,884,655
5,273,303
4,422,707
17,140,128
7,334,111
6,155,475
4,827,680
Total Current Assets Margin
11.79%
2.56%
67.07%
0.00%
-31.71%
-37.11%
14.54%
258.82%
52.43%
51.36%
21.52%
Property, Plant & Equipment
0
0
0
0
0
0
0
0
0
0
0
Property, Plant & Equipment Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Goodwill
0
0
0
0
0
0
0
0
0
0
0
Goodwill Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Intangible Assets
0
0
0
0
0
0
0
0
0
0
0
Intangible Assets Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Long-Term Investments
217,038,136
263,670,218
0
328,711,202
322,403,206
328,658,082
338,578,599
325,519,376
362,965,386
356,422,702
379,767,972
Long-Term Investments Margin
39.28%
-216.44%
0.00%
2,210.99%
-2,093.15%
-2,313.04%
1,112.98%
4,915.46%
2,594.91%
2,973.65%
1,692.68%
Tax Assets
0
0
0
0
0
0
0
0
0
0
0
Tax Assets Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Other Non-Current Assets
-110,437,665
-60,304,850
319,801,412
-328,711,202
-322,403,206
12,577,539
17,211,207
-325,519,376
-362,965,386
6,155,475
-379,767,972
Other Non-Current Assets Margin
1,550.76%
924.07%
4,770.11%
-2,210.99%
2,093.15%
-88.52%
56.58%
-4,915.46%
-2,594.91%
51.36%
-1,692.68%
Other Assets
111,063,451
64,698,869
0
333,190,354
0
-5,273,303
-4,422,707
0
0
-6,155,475
5,519,152
Other Assets Margin
747.04%
452.74%
0.00%
2,241.12%
0.00%
37.11%
-14.54%
0.00%
0.00%
-51.36%
24.60%
Total Non-Current Assets
214,068,206
267,846,009
319,801,412
0
322,403,206
341,235,621
355,789,806
325,519,376
362,965,386
362,578,177
379,767,972
Total Non-Current Assets Margin
892.32%
288.99%
4,770.11%
0.00%
-2,093.15%
-2,401.56%
1,169.56%
4,915.46%
2,594.91%
3,025.01%
1,692.68%
Total Assets
328,258,681
336,360,294
324,297,827
333,190,354
327,287,861
341,235,621
355,789,806
342,659,504
370,299,497
362,578,177
390,114,804
Total Assets Margin
1,651.15%
744.29%
4,837.18%
2,241.12%
-2,124.86%
-2,401.56%
1,169.56%
5,174.28%
2,647.35%
3,025.01%
1,738.80%
Accounts Payable
2,082,690
2,891,968
2,887,407
3,056,902
303,760
7,656,176
555,596
6,311,577
10,932,266
1,656,562
0
Accounts Payable Margin
20.55%
1.92%
43.07%
20.56%
-1.97%
-53.88%
1.83%
95.31%
78.16%
13.82%
0.00%
Short-Term Debt
312,257
187,354
0
936,772
0
0
0
0
0
0
0
Short-Term Debt Margin
2.10%
1.26%
0.00%
6.30%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Tax Payables
0
0
0
0
0
0
0
0
0
0
0
Tax Payables Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Deferred Revenue
-904,878
-542,927
0
-2,120,130
-594,505
0
0
0
0
0
0
Deferred Revenue Margin
-3.47%
-2.08%
0.00%
-14.26%
3.86%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Other Current Liabilities
-853,055
-2,225,004
0
-2,091,193
-467,972
-7,829,499
-736,355
-6,486,506
-1,702,153
-2,291,302
0
Other Current Liabilities Margin
-3.68%
8.33%
0.00%
-14.07%
3.04%
55.10%
-2.42%
-97.95%
-12.17%
-19.12%
0.00%
Total Current Liabilities
1,375,980
2,467,942
2,887,407
936,772
303,760
7,656,176
555,596
6,311,577
10,932,266
1,656,562
0
Total Current Liabilities Margin
15.80%
-0.93%
43.07%
6.30%
-1.97%
-53.88%
1.83%
95.31%
78.16%
13.82%
0.00%
Long-Term Debt
39,660,393
32,076,436
39,662,528
39,766,239
39,552,412
19,663,336
21,737,664
0
36,298,981
35,590,639
0
Long-Term Debt Margin
200.76%
107.07%
591.60%
267.48%
-256.79%
-138.39%
71.46%
0.00%
259.51%
296.93%
0.00%
Capital Lease Obligations
0
0
0
0
0
0
0
0
0
0
0
Capital Lease Obligations Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Deferred Tax Liabilities
0
0
0
0
0
0
0
0
0
0
0
Deferred Tax Liabilities Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Other Non-Current Liabilities
-13,064,437
-16,118,862
359,100
0
-39,552,412
-19,663,336
-21,737,664
0
-36,298,981
-35,590,639
41,969,504
Other Non-Current Liabilities Margin
87.38%
65.81%
5.36%
0.00%
256.79%
138.39%
-71.46%
0.00%
-259.51%
-296.93%
187.06%
Total Non-Current Liabilities
39,780,093
33,912,437
40,021,628
39,766,239
39,552,412
27,610,299
22,611,605
21,677,049
36,298,981
37,991,469
41,969,504
Total Non-Current Liabilities Margin
202.55%
97.53%
596.96%
267.48%
-256.79%
-194.32%
74.33%
327.33%
259.51%
316.96%
187.06%
Total Liabilities
42,710,019
35,670,392
42,909,035
44,140,819
41,080,202
27,610,299
22,611,605
28,338,534
49,058,649
37,991,469
41,969,504
Total Liabilities Margin
223.41%
110.05%
640.02%
296.90%
-266.71%
-194.32%
74.33%
427.92%
350.73%
316.96%
187.06%
Preferred Stock
0
0
0
0
0
0
0
0
0
0
0
Preferred Stock Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Common Stock
156,249
155,664
156,249
156,249
156,249
156,246
153,327
153,134
152,329
152,261
152,123
Common Stock Margin
0.79%
0.35%
2.33%
1.05%
-1.01%
-1.10%
0.50%
2.31%
1.09%
1.27%
0.68%
Retained Earnings
-12,897,699
3,529,843
-16,836,837
-9,507,192
-12,349,068
15,075,339
41,266,972
22,831,279
30,537,872
1,504,795
2,401,416
Retained Earnings Margin
-78.30%
-41.07%
-251.14%
-63.95%
80.17%
-106.10%
135.65%
344.76%
218.32%
12.55%
10.70%
Accumulated OCI
0
8,253,394
0
0
0
0
41,266,972
22,831,279
0
0
55,487,427
Accumulated OCI Margin
0.00%
27.13%
0.00%
0.00%
0.00%
0.00%
135.65%
344.76%
0.00%
0.00%
247.32%
Minority Interest
0
0
0
0
0
0
0
0
0
0
0
Minority Interest Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Total Shareholders’ Equity
285,548,662
300,689,902
281,388,792
289,049,535
286,207,659
313,625,322
333,178,201
314,320,970
321,240,848
324,586,708
348,145,300
Total Shareholders’ Equity Margin
1,427.74%
634.24%
4,197.15%
1,944.22%
-1,858.15%
-2,207.25%
1,095.23%
4,746.36%
2,296.62%
2,708.04%
1,551.74%
Total Equity
285,548,662
300,689,902
281,388,792
289,049,535
286,207,659
313,625,322
333,178,201
314,320,970
321,240,848
324,586,708
348,145,300
Total Equity Margin
1,427.74%
634.24%
4,197.15%
1,944.22%
-1,858.15%
-2,207.25%
1,095.23%
4,746.36%
2,296.62%
2,708.04%
1,551.74%
Total Liabilities & Equity
0
0
0
0
0
0
0
0
0
0
0
Total Liabilities & Equity Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Total Investments
217,038,136
263,670,218
0
328,711,202
322,403,206
328,658,082
338,578,599
325,519,376
362,965,386
356,422,702
379,767,972
Total Investments Margin
39.28%
-216.44%
0.00%
2,210.99%
-2,093.15%
-2,313.04%
1,112.98%
4,915.46%
2,594.91%
2,973.65%
1,692.68%
Net Debt
37,528,590
26,778,807
39,634,584
40,703,011
32,248,176
12,359,100
8,949,164
13,717,871
36,298,981
35,590,639
-4,827,680
Net Debt Margin
218.53%
119.61%
591.18%
273.78%
-209.37%
-86.98%
29.42%
207.14%
259.51%
296.93%
-21.52%

Capital Metrics

Metric3Y Avg5Y Avg2025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312016-03-31
Revenue
2,056,206
4,476,108
6,704,275
14,867,150
-15,402,808
-14,208,903
30,420,827
6,622,356
13,987,565
11,986,017
22,435,860
Working Capital
1,751,044
1,347,474
1,609,008
-936,772
4,580,895
-2,382,873
3,867,111
10,828,551
-3,598,155
4,498,913
4,827,680
Working Capital Margin
-4.01%
3.49%
24.00%
-6.30%
-29.74%
16.77%
12.71%
163.52%
-25.72%
37.53%
21.52%
Total Capital
325,521,312
332,953,692
321,051,320
329,752,546
325,760,071
333,288,658
354,915,865
335,998,019
357,539,829
360,177,347
348,145,300
Total Capital Margin
1,630.60%
742.57%
4,788.76%
2,217.99%
-2,114.94%
-2,345.63%
1,166.69%
5,073.69%
2,556.13%
3,004.98%
1,551.74%
Capital Employed
326,882,701
333,892,352
321,410,420
332,253,582
326,984,101
333,579,445
355,234,210
336,347,927
359,367,231
360,921,615
390,114,804
Capital Employed Margin
1,635.35%
745.22%
4,794.11%
2,234.82%
-2,122.89%
-2,347.68%
1,167.73%
5,078.98%
2,569.19%
3,011.19%
1,738.80%
Invested Capital
323,077,252
327,468,709
321,023,376
329,752,546
318,455,835
325,984,422
342,127,365
328,038,841
357,539,829
360,177,347
343,317,620
Invested Capital Margin
1,646.27%
753.85%
4,788.34%
2,217.99%
-2,067.52%
-2,294.23%
1,124.65%
4,953.51%
2,556.13%
3,004.98%
1,530.22%

Cash Flow Margins

Metric3Y Avg5Y Avg10Y Avg2025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-31
Revenue
2,056,206
4,476,108
9,896,008
6,704,275
14,867,150
-15,402,808
-14,208,903
30,420,827
6,622,356
13,987,565
11,986,017
21,547,745
22,435,860
0
Net Income
1,242,784
3,868,788
6,511,768
4,873,569
14,560,567
-15,705,783
-14,513,352
30,128,940
6,303,975
13,691,285
11,698,360
802,074
13,278,047
39,097,200
Net Income Margin
90.87%
94.76%
82.74%
72.69%
97.94%
101.97%
102.14%
99.04%
95.19%
97.88%
97.60%
3.72%
59.18%
0.00%
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation & Amortization Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Deferred Income Tax
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Deferred Income Tax Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Stock-Based Compensation Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Change in Working Capital
-21,371
-12,823
57,415
-125,192
252,120
-191,041
0
0
0
0
169,194
237,210
231,858
-5,443,020
Change in Working Capital Margin
0.36%
0.21%
0.46%
-1.87%
1.70%
1.24%
0.00%
0.00%
0.00%
0.00%
1.41%
1.10%
1.03%
0.00%
Accounts Receivable
-128,812
-77,287
12,008
-34,599
135,149
-486,987
0
0
0
0
135,695
157,873
212,950
0
Accounts Receivable Margin
1.18%
0.71%
0.64%
-0.52%
0.91%
3.16%
0.00%
0.00%
0.00%
0.00%
1.13%
0.73%
0.95%
0.00%
Inventory
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Inventory Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Accounts Payable
-2,622
-1,573
-2,720
-1,913
3,157
-9,111
0
0
0
0
-5,309
-8,609
-5,416
0
Accounts Payable Margin
0.02%
0.01%
-0.01%
-0.03%
0.02%
0.06%
0.00%
0.00%
0.00%
0.00%
-0.04%
-0.04%
-0.02%
0.00%
Other Working Capital
110,064
66,038
48,127
-88,680
113,814
305,057
0
0
0
0
38,808
87,946
24,324
0
Other Working Capital Margin
-0.85%
-0.51%
-0.17%
-1.32%
0.77%
-1.98%
0.00%
0.00%
0.00%
0.00%
0.32%
0.41%
0.11%
0.00%
Other Non-Cash Items
627,992
-2,746,322
-587,430
6,022,993
-3,735,219
-403,797
14,513,352
-30,128,940
-6,303,975
-13,691,285
12,675,846
13,650,652
1,526,070
-24,008,820
Other Non-Cash Items Margin
22.45%
-26.77%
-15.10%
89.84%
-25.12%
2.62%
-102.14%
-99.04%
-95.19%
-97.88%
105.76%
63.35%
6.80%
0.00%
Net Cash from Operating Activities
1,849,406
1,109,643
6,017,433
10,771,370
11,077,468
-16,300,621
0
0
0
0
24,543,400
14,839,200
15,243,509
9,645,360
Net Cash from Operating Activities Margin
113.67%
68.20%
68.26%
160.66%
74.51%
105.83%
0.00%
0.00%
0.00%
0.00%
204.77%
68.87%
67.94%
0.00%
Capital Expenditures (PPE)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Capital Expenditures (PPE) Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Acquisitions (Net)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Acquisitions (Net) Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Purchases of Investments
-139,293,788
-83,576,273
-54,965,731
-92,387,725
-154,285,356
-171,208,284
0
0
0
0
-65,834,242
-42,517,015
-23,424,687
0
Purchases of Investments Margin
-434.75%
-260.85%
-215.52%
-1,378.04%
-1,037.76%
1,111.54%
0.00%
0.00%
0.00%
0.00%
-549.26%
-197.32%
-104.41%
0.00%
Sales / Maturities of Investments
131,277,205
78,766,323
54,543,436
95,115,383
154,673,072
144,043,159
0
0
0
0
76,244,730
39,914,542
35,443,473
0
Sales / Maturities of Investments Margin
507.97%
304.78%
250.32%
1,418.73%
1,040.37%
-935.17%
0.00%
0.00%
0.00%
0.00%
636.11%
185.24%
157.98%
0.00%
Other Investing Activities
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Investing Activities Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Net Cash from Investing Activities
-8,016,584
-4,809,950
-422,295
2,727,658
387,716
-27,165,125
0
0
0
0
10,410,488
-2,602,473
12,018,786
0
Net Cash from Investing Activities Margin
73.22%
43.93%
34.80%
40.69%
2.61%
176.36%
0.00%
0.00%
0.00%
0.00%
86.86%
-12.08%
53.57%
0.00%
Net Debt Issuance
6,362,743
3,817,646
1,308,823
-936,772
215,000
19,810,000
0
0
0
0
-6,000,000
0
0
0
Net Debt Issuance Margin
-47.05%
-28.23%
-19.12%
-13.97%
1.45%
-128.61%
0.00%
0.00%
0.00%
0.00%
-50.06%
0.00%
0.00%
0.00%
Long-Term Debt Issuance
6,675,000
4,005,000
1,402,500
0
215,000
19,810,000
0
0
0
0
-6,000,000
0
0
0
Long-Term Debt Issuance Margin
-42.39%
-25.43%
-17.72%
0.00%
1.45%
-128.61%
0.00%
0.00%
0.00%
0.00%
-50.06%
0.00%
0.00%
0.00%
Short-Term Debt Issuance
-312,257
-187,354
-93,677
-936,772
0
0
0
0
0
0
0
0
0
0
Short-Term Debt Issuance Margin
-4.66%
-2.79%
-1.40%
-13.97%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Net Stock Issuance
0
0
0
0
0
0
0
0
0
0
0
0
0
-524,726
Net Stock Issuance Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Common Stock Issuance
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Common Stock Issuance Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Common Stock Repurchased
0
0
0
0
0
0
0
0
0
0
0
0
0
-524,726
Common Stock Repurchased Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Preferred Stock Issuance
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Preferred Stock Issuance Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Net Dividends Paid
-11,988,294
-7,192,977
-8,776,727
-12,534,312
-11,718,691
-11,711,880
0
0
0
0
-17,294,228
-18,764,798
-15,743,365
0
Net Dividends Paid Margin
-63.25%
-37.95%
-49.13%
-186.96%
-78.82%
76.04%
0.00%
0.00%
0.00%
0.00%
-144.29%
-87.08%
-70.17%
0.00%
Common Dividends Paid
-11,988,294
-7,192,977
-8,776,727
-12,534,312
-11,718,691
-11,711,880
0
0
0
0
-17,294,228
-18,764,798
-15,743,365
-15,684,446
Common Dividends Paid Margin
-63.25%
-37.95%
-49.13%
-186.96%
-78.82%
76.04%
0.00%
0.00%
0.00%
0.00%
-144.29%
-87.08%
-70.17%
0.00%
Preferred Dividends Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Preferred Dividends Paid Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Other Financing Activities
312,257
187,354
-535,201
0
38,507
898,265
0
0
0
0
-1,249,172
1,700,391
-6,740,000
2
Other Financing Activities Margin
-1.86%
-1.11%
-3.81%
0.00%
0.26%
-5.83%
0.00%
0.00%
0.00%
0.00%
-10.42%
7.89%
-30.04%
0.00%
Net Cash from Financing Activities
-5,313,294
-3,187,977
-8,003,106
-13,471,084
-11,465,184
8,996,385
0
0
0
0
-24,543,400
-17,064,407
-22,483,365
-16,209,170
Net Cash from Financing Activities Margin
-112.15%
-67.29%
-72.06%
-200.93%
-77.12%
-58.41%
0.00%
0.00%
0.00%
0.00%
-204.77%
-79.19%
-100.21%
0.00%
Effect of FX on Cash
9,055,042
5,433,025
2,716,513
0
0
27,165,125
0
0
0
0
0
0
0
0
Effect of FX on Cash Margin
-58.79%
-35.27%
-17.64%
0.00%
0.00%
-176.36%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Net Change in Cash
-2,425,431
-1,586,247
243,050
27,944
0
-7,304,236
-5,484,264
4,829,322
0
0
10,410,488
-4,827,680
4,778,930
-6,563,810
Net Change in Cash Margin
15.95%
20.46%
18.81%
0.42%
0.00%
47.42%
38.60%
15.88%
0.00%
0.00%
86.86%
-22.40%
21.30%
0.00%
Cash at Beginning of Period
2,434,745
5,610,383
3,292,834
0
0
7,304,236
12,788,500
7,959,178
0
0
0
4,827,680
48,750
0
Cash at Beginning of Period Margin
-15.81%
-22.25%
-8.86%
0.00%
0.00%
-47.42%
-90.00%
26.16%
0.00%
0.00%
0.00%
22.40%
0.22%
0.00%
Cash at End of Period
9,315
4,024,136
3,535,885
27,944
0
0
7,304,236
12,788,500
0
0
10,410,488
0
4,827,680
-6,563,810
Cash at End of Period Margin
0.14%
-1.79%
9.94%
0.42%
0.00%
0.00%
-51.41%
42.04%
0.00%
0.00%
86.86%
0.00%
21.52%
0.00%
Operating Cash Flow
1,849,406
1,109,643
6,017,433
10,771,370
11,077,468
-16,300,621
0
0
0
0
24,543,400
14,839,200
15,243,509
9,645,360
Operating Cash Flow Margin
113.67%
68.20%
68.26%
160.66%
74.51%
105.83%
0.00%
0.00%
0.00%
0.00%
204.77%
68.87%
67.94%
0.00%
Capital Expenditure
1
0
0
0
2
0
0
0
0
0
0
0
0
0
Capital Expenditure Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Free Cash Flow
1,849,406
1,109,644
6,017,433
10,771,370
11,077,470
-16,300,621
0
0
0
0
24,543,400
14,839,200
15,243,509
9,645,360
Free Cash Flow Margin
113.67%
68.20%
68.26%
160.66%
74.51%
105.83%
0.00%
0.00%
0.00%
0.00%
204.77%
68.87%
67.94%
0.00%

Free Cash Flow Margins

Metric3Y Avg5Y Avg10Y Avg2025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-31
Revenue
2,056,206
4,476,108
9,896,008
6,704,275
14,867,150
-15,402,808
-14,208,903
30,420,827
6,622,356
13,987,565
11,986,017
21,547,745
22,435,860
EBITDA
1,318,946
3,914,485
6,663,332
4,873,569
14,560,567
-15,477,298
-14,513,352
30,128,940
6,872,850
14,409,563
11,698,360
802,070
13,278,050
EBITDA Margin
90.37%
94.46%
83.96%
72.69%
97.94%
100.48%
102.14%
99.04%
103.78%
103.02%
97.60%
3.72%
59.18%
(-) Tax Adjustment
0
0
-45,725
0
0
0
0
0
0
-169,595
-287,657
0
0
(-) Tax Adjustment Margin
0.00%
0.00%
-0.36%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-1.21%
-2.40%
0.00%
0.00%
(-) Change In Working Capital
-21,371
-12,823
57,415
-125,192
252,120
-191,041
0
0
0
0
169,194
237,210
231,858
(-) Change In Working Capital Margin
0.36%
0.21%
0.46%
-1.87%
1.70%
1.24%
0.00%
0.00%
0.00%
0.00%
1.41%
1.10%
1.03%
(-) Capital Expenditure
1
0
0
0
2
0
0
0
0
0
0
0
0
(-) Capital Expenditure Margin
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Unlevered Free Cash Flow
1,340,316
3,927,307
6,651,642
4,998,761
14,308,445
-15,286,257
-14,513,352
30,128,940
6,872,850
14,579,158
11,816,823
564,860
13,046,192
Unlevered Free Cash Flow Margin
90.02%
94.25%
83.86%
74.56%
96.24%
99.24%
102.14%
99.04%
103.78%
104.23%
98.59%
2.62%
58.15%
(-) Net Interest Income After Taxes
13,900,583
13,968,289
12,013,532
14,275,140
13,897,485
13,529,125
13,823,665
14,316,030
15,180,021
17,159,368
17,954,489
0
0
(-) Net Interest Income After Taxes Margin
72.86%
33.67%
67.00%
212.93%
93.48%
-87.84%
-97.29%
47.06%
229.22%
122.68%
149.80%
0.00%
0.00%
Net Debt Issuance
6,362,743
3,817,646
1,308,823
-936,772
215,000
19,810,000
0
0
0
0
-6,000,000
0
0
Net Debt Issuance Margin
-47.05%
-28.23%
-19.12%
-13.97%
1.45%
-128.61%
0.00%
0.00%
0.00%
0.00%
-50.06%
0.00%
0.00%
Levered Free Cash Flow
-6,197,524
-6,223,336
-4,053,067
-10,213,151
625,960
-9,005,382
-28,337,017
15,812,910
-8,307,171
-2,580,210
-12,137,666
564,860
13,046,192
Levered Free Cash Flow Margin
-29.89%
32.35%
-2.26%
-152.34%
4.21%
58.47%
199.43%
51.98%
-125.44%
-18.45%
-101.27%
2.62%
58.15%