TCOM
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 2.63 | 2.37 | 15.85 | -28.30 |
| Price to Sales | 0.84 | 0.53 | 1.13 | 0.78 |
| Book Value Per Common Share | 218.21 | 189.70 | 173.79 | 171.02 |
| Price to Book | 0.31 | 0.19 | 0.20 | 0.14 |
| Price to Operating Cash Flow | 2.29 | 1.07 | 8.56 | 6.31 |
| Price to Free Cash Flow | 2.36 | 1.10 | 10.55 | 8.20 |
| Enterprise Value to EBITDA | 22600.10 | 16807.21 | 40854.98 | 62982.72 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Price to Earnings | 2.48 | 7.99 | 9.81 | 20.93 | 5.73 | |
| Price to Sales | 2.69 | 2.61 | 3.04 | 3.54 | 2.44 | |
| Book Value Per Common Share | 256.82 | 224.93 | 223.36 | 218.21 | 212.99 | |
| Price to Book | 0.29 | 0.26 | 0.28 | 0.31 | 0.28 | |
| Price to Operating Cash Flow | 11.65 | |||||
| Price to Free Cash Flow | 12.26 | |||||
| Enterprise Value to EBITDA | 21156.25 | 66426.59 | 77813.80 | 167287.98 | 52567.20 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 71.82 | 600.00 | ||
| Revenue YoY | 19.73 | 122.12 | 0.08 | |
| EBITDA YoY | 43.81 | 153.66 | 116.99 | |
| Net Profit YoY | 72.08 | 606.91 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Earning YoY | 313.62 | 13.27 | 97.56 | -68.37 | ||
| Revenue YoY | 23.55 | 7.32 | 8.52 | -19.71 | ||
| EBITDA YoY | 299.67 | 9.08 | 99.18 | -63.70 | ||
| Net Profit YoY | 310.44 | 13.30 | 98.28 | -68.12 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 117.60 | 90.89 | 64.75 | 77.88 |
| Quick Ratio | 1.33 | 1.08 | 0.88 | 0.91 |
| Current Ratio | 1.51 | 1.23 | 1.00 | 1.00 |
| Debt to Equity | 0.69 | 0.78 | 0.70 | 0.74 |
| Long-Term Debt to Equity | 0.17 | 0.19 | 0.15 | 0.14 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Cash Per Common Share | 122.83 | 121.25 | 118.30 | 117.21 | 116.89 | |
| Quick Ratio | 1.15 | 1.08 | 1.19 | 1.33 | 1.12 | |
| Current Ratio | 1.48 | 1.33 | 1.46 | 1.51 | 1.42 | |
| Debt to Equity | 0.59 | 0.69 | 0.69 | 0.69 | 0.74 | |
| Long-Term Debt to Equity | 0.09 | 0.10 | 0.16 | 0.17 | 0.17 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 7.04 | 4.53 | 0.73 | -0.29 |
| ROE | 11.89 | 8.06 | 1.24 | -0.50 |
| Gross Margin | 81.25 | 81.75 | 77.48 | 77.04 |
| Operating Margin | 35.16 | 28.64 | 20.70 | 5.46 |
| EBITDA Margin | 37.24 | 31.00 | 27.15 | 12.52 |
| Net Profit Margin | 32.02 | 22.28 | 7.00 | -2.75 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| ROA | 7.35 | 1.92 | 1.73 | 0.89 | 2.77 | |
| ROE | 11.70 | 3.24 | 2.91 | 1.50 | 4.83 | |
| Gross Margin | 81.68 | 81.01 | 80.44 | 79.28 | 82.36 | |
| Operating Margin | 126.96 | 39.24 | 38.61 | 21.04 | 46.53 | |
| EBITDA Margin | 126.96 | 39.24 | 38.61 | 21.04 | 46.53 | |
| Net Profit Margin | 108.46 | 32.65 | 30.93 | 16.93 | 42.62 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Dividend Yield | ||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 242,581,000.00 | 219,137,000.00 | 191,691,000.00 | 191,859,000.00 |
| Current Assets | 112,120,000.00 | 88,732,000.00 | 61,435,000.00 | 66,108,000.00 |
| Cash and Short-Term Investments | 76,914,000.00 | 59,340,000.00 | 42,545,000.00 | 49,384,000.00 |
| Cash and Cash Equivalents | 48,439,000.00 | 41,592,000.00 | 17,000,000.00 | 19,818,000.00 |
| Short-Term Investments | 28,475,000.00 | 17,748,000.00 | 25,545,000.00 | 29,566,000.00 |
| Net Receivables | 21,842,000.00 | 18,959,000.00 | 11,396,000.00 | 10,614,000.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 13,364,000.00 | 10,433,000.00 | 7,494,000.00 | 6,110,000.00 |
| Non-Current Assets | 130,461,000.00 | 130,405,000.00 | 130,256,000.00 | 125,751,000.00 |
| Property, Plant, Equipment Net | 5,901,000.00 | 5,859,000.00 | 6,056,000.00 | 6,316,000.00 |
| Goodwill | 60,911,000.00 | 59,372,000.00 | 59,337,000.00 | 59,353,000.00 |
| Intangible Assets | 12,840,000.00 | 12,644,000.00 | 12,825,000.00 | 13,046,000.00 |
| Long-Term Investments | 47,194,000.00 | 49,342,000.00 | 50,177,000.00 | 44,961,000.00 |
| Non-Current Deferred Assets | 3,254,000.00 | 2,576,000.00 | 1,324,000.00 | 1,684,000.00 |
| Other Non-Current Assets | 361,000.00 | 612,000.00 | 537,000.00 | 391,000.00 |
| Liabilities | 99,099,000.00 | 96,131,000.00 | 78,672,000.00 | 81,403,000.00 |
| Current Liabilities | 74,010,000.00 | 72,411,000.00 | 61,239,000.00 | 66,218,000.00 |
| Payables and Expenses | 36,354,000.00 | 33,034,000.00 | 20,013,000.00 | 18,454,000.00 |
| Account Payables | 16,578,000.00 | 16,459,000.00 | 7,569,000.00 | 6,019,000.00 |
| Current Accrued Liabilities | 8,838,000.00 | 6,804,000.00 | 5,674,000.00 | 5,416,000.00 |
| Short-Term Debt | 19,627,000.00 | 25,997,000.00 | 32,948,000.00 | 40,229,000.00 |
| Other Current Liabilities | 18,029,000.00 | 13,380,000.00 | 8,278,000.00 | 7,535,000.00 |
| Non-Current Liabilities | 25,089,000.00 | 23,720,000.00 | 17,433,000.00 | 15,185,000.00 |
| Long-Term Debt | 20,695,000.00 | 19,576,000.00 | 13,711,000.00 | 11,493,000.00 |
| Other Non-Current Liabilities | 4,394,000.00 | 4,144,000.00 | 3,722,000.00 | 3,692,000.00 |
| Equity | 143,482,000.00 | 123,006,000.00 | 113,019,000.00 | 110,456,000.00 |
| Shareholders Equity | 142,550,000.00 | 122,184,000.00 | 112,283,000.00 | 109,677,000.00 |
| Capital Stock | 6,000.00 | 6,000.00 | 6,000.00 | 6,000.00 |
| Share Premium | 101,187,000.00 | 97,428,000.00 | 95,196,000.00 | 93,829,000.00 |
| Retained Earnings | 45,251,000.00 | 28,806,000.00 | 20,135,000.00 | 18,823,000.00 |
| Treasury Shares | 5,900,000.00 | 3,728,000.00 | 2,111,000.00 | 2,111,000.00 |
| Accumulated Other Comprehensive Income | 1,263,000.00 | -328,000.00 | -943,000.00 | -870,000.00 |
| Minority Interest | 932,000.00 | 822,000.00 | 736,000.00 | 779,000.00 |
| Debt | 40,322,000.00 | 45,573,000.00 | 46,659,000.00 | 51,722,000.00 |
| Net Debt | 0 | 3,364,000.00 | 28,851,000.00 | 31,141,000.00 |
| Common Shares Outstanding | 653,270.72 | 644,089.05 | 646,066.83 | 641,329.56 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 53,294,000.00 | 44,510,000.00 | 20,039,000.00 | 20,023,000.00 |
| Cost Of Revenue | 9,990,000.00 | 8,121,000.00 | 4,513,000.00 | 4,598,000.00 |
| Interest Income | 2,341,000.00 | 2,090,000.00 | 2,046,000.00 | 2,132,000.00 |
| Interest Expense | 1,735,000.00 | 2,067,000.00 | 1,514,000.00 | 1,565,000.00 |
| Non-Interest Expense | 15,988,000.00 | 12,945,000.00 | 7,097,000.00 | 7,844,000.00 |
| Gross Profit | 43,304,000.00 | 36,389,000.00 | 15,526,000.00 | 15,425,000.00 |
| Operating Expenses | 28,340,000.00 | 24,457,000.00 | 14,820,000.00 | 16,286,000.00 |
| Selling, General and Administrative Expenses | 15,988,000.00 | 12,945,000.00 | 7,097,000.00 | 7,844,000.00 |
| Research and Development Expenses | 13,139,000.00 | 12,120,000.00 | 8,341,000.00 | 8,992,000.00 |
| Other Operating Expenses | -787,000.00 | -608,000.00 | -618,000.00 | -550,000.00 |
| Operating Income | 14,964,000.00 | 11,932,000.00 | 706,000.00 | -861,000.00 |
| Net Non-Operating Income | 303,000.00 | 130,000.00 | -134,000.00 | 25,000.00 |
| EBT | 17,003,000.00 | 10,680,000.00 | 2,635,000.00 | -471,000.00 |
| Income Tax | 2,604,000.00 | 1,750,000.00 | 682,000.00 | 270,000.00 |
| Net Income Including Non-Controlling Interests | 17,227,000.00 | 10,002,000.00 | 1,367,000.00 | -645,000.00 |
| Net Income Non-Controlling Interests | -160,000.00 | -84,000.00 | 36,000.00 | 95,000.00 |
| Net Income | 17,067,000.00 | 9,918,000.00 | 1,403,000.00 | -550,000.00 |
| EBIT | 18,738,000.00 | 12,747,000.00 | 4,149,000.00 | 1,094,000.00 |
| Deprecation and Amortization | 1,107,000.00 | 1,052,000.00 | 1,291,000.00 | 1,413,000.00 |
| EBITDA | 19,845,000.00 | 13,799,000.00 | 5,440,000.00 | 2,507,000.00 |
| EPS | 0.03 | 0.02 | 0.00 | -0.00 |
| Diluted EPS | 0.02 | 0.01 | 0.00 | -0.00 |
| Average Shares Outstanding Basic | 654,035.40 | 652,859.21 | 657,092.83 | 634,109.23 |
| Average Shares Outstanding Diluted | 688,704.88 | 671,062.24 | 657,092.83 | 634,109.23 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 19,625,000.00 | 22,004,000.00 | 2,641,000.00 | 2,475,000.00 |
| Operating Net Income | 17,227,000.00 | 10,002,000.00 | 1,367,000.00 | -645,000.00 |
| Deprecation and Amortization | 1,107,000.00 | 1,052,000.00 | 1,291,000.00 | 1,413,000.00 |
| Deferred Income Tax | -505,000.00 | -761,000.00 | 295,000.00 | -337,000.00 |
| Share Based Compensation | 2,042,000.00 | 1,834,000.00 | 1,188,000.00 | 1,681,000.00 |
| Change in Working Capital | 3,321,000.00 | 9,256,000.00 | -800,000.00 | 177,000.00 |
| Other Operating Activities | -3,567,000.00 | 621,000.00 | -700,000.00 | 186,000.00 |
| Investing Cash Flow | -6,052,000.00 | 5,919,000.00 | 1,136,000.00 | -4,148,000.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -591,000.00 | -606,000.00 | -497,000.00 | -570,000.00 |
| Net Purchase/Sale of Investments Net | -5,022,000.00 | 7,448,000.00 | 1,200,000.00 | -2,316,000.00 |
| Net Purchase/Sale of Business | 1,217,000.00 | 0 | -5,000.00 | -44,000.00 |
| Other Investing Activities | -1,656,000.00 | -923,000.00 | 438,000.00 | -1,218,000.00 |
| Financing Cash Flow | -6,710,000.00 | -2,547,000.00 | -6,717,000.00 | 3,919,000.00 |
| Net Issuance/Repayment of Debt | -6,066,000.00 | -1,065,000.00 | -6,780,000.00 | -4,051,000.00 |
| Net Issuance/Repurchase of Equity | -2,172,000.00 | -1,617,000.00 | 0 | 7,984,000.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 1,528,000.00 | 135,000.00 | 63,000.00 | -14,000.00 |
| Net Change in Cash | 6,863,000.00 | 25,376,000.00 | -2,940,000.00 | 2,246,000.00 |
| Cash at Beginning of Period | 43,983,000.00 | 18,487,000.00 | 21,196,000.00 | 19,415,000.00 |
| Cash at End of Period | 51,093,000.00 | 43,983,000.00 | 18,487,000.00 | 21,196,000.00 |
| Free Cash Flow | 19,034,000.00 | 21,398,000.00 | 2,143,000.00 | 1,904,000.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Assets | 270,578,000.00 | 252,438,000.00 | 247,762,000.00 | 242,581,000.00 | 244,300,000.00 | 0 |
| Current Assets | 125,413,000.00 | 116,516,000.00 | 112,288,000.00 | 112,120,000.00 | 114,598,000.00 | 0 |
| Cash and Short-Term Investments | 80,455,000.00 | 80,018,000.00 | 78,099,000.00 | 76,914,000.00 | 76,298,000.00 | 0 |
| Cash and Cash Equivalents | 59,221,000.00 | 58,313,000.00 | 56,360,000.00 | 48,439,000.00 | 41,982,000.00 | 0 |
| Short-Term Investments | 21,234,000.00 | 21,705,000.00 | 21,739,000.00 | 28,475,000.00 | 34,316,000.00 | 0 |
| Net Receivables | 16,344,000.00 | 14,413,000.00 | 13,357,000.00 | 21,842,000.00 | 13,839,000.00 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 28,614,000.00 | 22,085,000.00 | 20,832,000.00 | 13,364,000.00 | 24,461,000.00 | 0 |
| Non-Current Assets | 145,165,000.00 | 135,922,000.00 | 135,474,000.00 | 130,461,000.00 | 129,702,000.00 | 0 |
| Property, Plant, Equipment Net | 6,329,000.00 | 6,160,000.00 | 5,812,000.00 | 5,901,000.00 | 5,792,000.00 | 0 |
| Goodwill | 62,288,000.00 | 61,884,000.00 | 61,146,000.00 | 60,911,000.00 | 60,926,000.00 | 0 |
| Intangible Assets | 13,071,000.00 | 12,967,000.00 | 12,809,000.00 | 12,840,000.00 | 12,898,000.00 | 0 |
| Long-Term Investments | 59,752,000.00 | 51,121,000.00 | 51,825,000.00 | 47,194,000.00 | 46,745,000.00 | 0 |
| Non-Current Deferred Assets | 3,240,000.00 | 3,276,000.00 | 3,412,000.00 | 3,254,000.00 | 2,796,000.00 | 0 |
| Other Non-Current Assets | 485,000.00 | 514,000.00 | 470,000.00 | 361,000.00 | 545,000.00 | 0 |
| Liabilities | 100,599,000.00 | 102,958,000.00 | 100,776,000.00 | 99,099,000.00 | 104,173,000.00 | 0 |
| Current Liabilities | 84,479,000.00 | 87,454,000.00 | 76,777,000.00 | 74,010,000.00 | 80,437,000.00 | 0 |
| Payables and Expenses | 20,149,000.00 | 19,506,000.00 | 16,979,000.00 | 36,354,000.00 | 17,596,000.00 | 0 |
| Account Payables | 20,149,000.00 | 19,506,000.00 | 16,979,000.00 | 16,578,000.00 | 17,596,000.00 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 8,838,000.00 | 0 | 1,223,000.00 |
| Short-Term Debt | 20,339,000.00 | 28,202,000.00 | 22,577,000.00 | 19,627,000.00 | 26,607,000.00 | 0 |
| Other Current Liabilities | 43,991,000.00 | 39,746,000.00 | 37,221,000.00 | 18,029,000.00 | 36,234,000.00 | 0 |
| Non-Current Liabilities | 16,120,000.00 | 15,504,000.00 | 23,999,000.00 | 25,089,000.00 | 23,736,000.00 | 0 |
| Long-Term Debt | 11,596,000.00 | 11,481,000.00 | 20,178,000.00 | 20,695,000.00 | 19,669,000.00 | 0 |
| Other Non-Current Liabilities | 4,524,000.00 | 4,023,000.00 | 3,821,000.00 | 4,394,000.00 | 4,067,000.00 | 0 |
| Equity | 169,979,000.00 | 149,480,000.00 | 146,986,000.00 | 143,482,000.00 | 140,127,000.00 | 0 |
| Shareholders Equity | 168,227,000.00 | 148,437,000.00 | 145,986,000.00 | 142,550,000.00 | 139,143,000.00 | 0 |
| Capital Stock | 0 | 0 | 0 | 6,000.00 | 0 | 6,000.00 |
| Share Premium | 0 | 0 | 0 | 101,187,000.00 | 0 | 98,591,000.00 |
| Retained Earnings | 0 | 0 | 0 | 45,251,000.00 | 0 | 33,118,000.00 |
| Treasury Shares | 0 | 0 | 0 | 5,900,000.00 | 0 | 3,728,000.00 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 1,263,000.00 | 0 | -213,000.00 |
| Minority Interest | 1,752,000.00 | 1,043,000.00 | 1,000,000.00 | 932,000.00 | 984,000.00 | 0 |
| Debt | 31,935,000.00 | 39,683,000.00 | 42,755,000.00 | 40,322,000.00 | 46,276,000.00 | 0 |
| Net Debt | 0 | 0 | 0 | 0 | 3,751,000.00 | 5,128,000.00 |
| Common Shares Outstanding | 0 | 0 | 653,603.43 | 653,270.72 | 653,270.72 | 651,108.81 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 18,338,000.00 | 14,843,000.00 | 13,830,000.00 | 12,744,000.00 | 15,873,000.00 |
| Cost Of Revenue | 3,359,000.00 | 2,818,000.00 | 2,705,000.00 | 2,640,000.00 | 2,800,000.00 |
| Interest Income | 675,000.00 | 609,000.00 | 640,000.00 | 517,000.00 | 598,000.00 |
| Interest Expense | 183,000.00 | 265,000.00 | 286,000.00 | 323,000.00 | 399,000.00 |
| Non-Interest Expense | 5,322,000.00 | 4,423,000.00 | 4,037,000.00 | 4,406,000.00 | 4,427,000.00 |
| Gross Profit | 14,979,000.00 | 12,025,000.00 | 11,125,000.00 | 10,104,000.00 | 13,073,000.00 |
| Operating Expenses | 9,405,000.00 | 7,923,000.00 | 7,562,000.00 | 7,016,000.00 | 8,067,000.00 |
| Selling, General and Administrative Expenses | 5,322,000.00 | 4,423,000.00 | 4,037,000.00 | 4,406,000.00 | 4,427,000.00 |
| Research and Development Expenses | 4,083,000.00 | 3,500,000.00 | 3,525,000.00 | 3,397,000.00 | 3,640,000.00 |
| Operating Income | 5,574,000.00 | 4,102,000.00 | 3,563,000.00 | 3,088,000.00 | 5,006,000.00 |
| Net Non-Operating Income | 17,032,000.00 | 1,114,000.00 | 1,137,000.00 | -2,054,000.00 | 1,781,000.00 |
| EBT | 23,098,000.00 | 5,560,000.00 | 5,054,000.00 | 2,358,000.00 | 6,986,000.00 |
| Income Tax | 3,344,000.00 | 998,000.00 | 638,000.00 | 526,000.00 | 721,000.00 |
| Net Income Including Non-Controlling Interests | 19,919,000.00 | 4,880,000.00 | 4,314,000.00 | 2,191,000.00 | 6,823,000.00 |
| Net Income Non-Controlling Interests | -29,000.00 | -34,000.00 | -37,000.00 | -34,000.00 | -58,000.00 |
| Net Income | 19,890,000.00 | 4,846,000.00 | 4,277,000.00 | 2,157,000.00 | 6,765,000.00 |
| EBIT | 23,281,000.00 | 5,825,000.00 | 5,340,000.00 | 2,681,000.00 | 7,385,000.00 |
| EBITDA | 23,281,000.00 | 5,825,000.00 | 5,340,000.00 | 2,681,000.00 | 7,385,000.00 |
| EPS | 0.03 | 0.01 | 0.01 | 0.00 | 0.01 |
| Diluted EPS | 0.03 | 0.01 | 0.01 | 0.00 | 0.01 |
| Average Shares Outstanding Basic | 655,036.19 | 659,916.80 | 660,203.58 | 656,190.04 | 652,719.80 |
| Average Shares Outstanding Diluted | 695,035.86 | 695,705.35 | 702,144.92 | 698,171.27 | 681,411.85 |
| Breakdown | 2024-03-31 |
|---|---|
| Operating Cash Flow | 2,453,000.00 |
| Operating Net Income | 4,325,000.00 |
| Deprecation and Amortization | 278,000.00 |
| Deferred Income Tax | -128,000.00 |
| Share Based Compensation | 450,000.00 |
| Change in Working Capital | -1,033,000.00 |
| Other Operating Activities | -1,439,000.00 |
| Investing Cash Flow | -4,351,000.00 |
| Capital Expenditure | 0 |
| Net Purchase/Sale of PPE | -122,000.00 |
| Net Purchase/Sale of Investments Net | -4,027,000.00 |
| Net Purchase/Sale of Business | 0 |
| Other Investing Activities | -202,000.00 |
| Financing Cash Flow | 2,369,000.00 |
| Net Issuance/Repayment of Debt | 1,656,000.00 |
| Net Issuance/Repurchase of Equity | 0 |
| Dividends Paid | 0 |
| Other Financing Activities | 713,000.00 |
| Net Change in Cash | 471,000.00 |
| Cash at Beginning of Period | 43,983,000.00 |
| Cash at End of Period | 44,773,000.00 |
| Free Cash Flow | 2,331,000.00 |