Photocure ASA (PHS) Ratios
Photocure ASA Ratios
DE:PHS's free cash flow for Q3 2026 was $11.42M. For the 2026 fiscal year, DE:PHS's free cash flow was decreased by $-8.02M and operating cash flow was $20.70M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.48 | 4.04 | 4.48 | 3.44 | 3.64 |
| Quick Ratio | 3.08 | 3.66 | 4.03 | 3.19 | 3.40 |
| Cash Ratio | 2.15 | 2.78 | 3.08 | 2.54 | 2.81 |
| Solvency Ratio | 0.13 | 0.10 | 0.13 | -0.19 | -0.02 |
| Operating Cash Flow Ratio | 0.34 | 0.74 | 0.58 | -0.02 | 0.21 |
| Short-Term Operating Cash Flow Coverage | 2.49 | 0.00 | 3.45 | -0.07 | 0.65 |
| Net Current Asset Value | $ 162.97M | $ 182.40M | $ 143.31M | $ 101.92M | $ 126.17M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.17 | 0.02 | 0.05 | 0.05 | 0.09 |
| Debt-to-Equity Ratio | 0.25 | 0.03 | 0.07 | 0.09 | 0.13 |
| Debt-to-Capital Ratio | 0.20 | 0.03 | 0.07 | 0.08 | 0.12 |
| Long-Term Debt-to-Capital Ratio | 0.17 | 0.00 | 0.00 | 0.00 | 0.02 |
| Financial Leverage Ratio | 1.46 | 1.48 | 1.47 | 1.55 | 1.57 |
| Debt Service Coverage Ratio | 3.16 | 1.65 | 1.36 | -0.41 | 0.29 |
| Interest Coverage Ratio | 3.28 | 0.55 | 1.06 | -1.90 | 0.39 |
| Debt to Market Cap | 0.06 | 0.00 | 0.01 | 0.01 | 0.02 |
| Interest Debt Per Share | 5.77 | 1.98 | 2.21 | 2.42 | 3.39 |
| Net Debt to EBITDA | -0.85 | -3.67 | -3.49 | 10.74 | -14.98 |
| Profitability Margins | |||||
| Gross Profit Margin | 92.12% | 94.15% | 89.25% | 94.23% | 93.33% |
| EBIT Margin | 20.66% | 8.62% | 7.20% | -11.53% | -2.17% |
| EBITDA Margin | 26.20% | 14.10% | 12.73% | -5.33% | 4.67% |
| Operating Profit Margin | 20.66% | 3.88% | 5.55% | -12.46% | 2.60% |
| Pretax Profit Margin | -3.13% | 1.60% | 1.95% | -18.09% | -8.78% |
| Net Profit Margin | -0.29% | -0.92% | 0.20% | -18.28% | -8.57% |
| Continuous Operations Profit Margin | -0.29% | -0.92% | 0.20% | -18.28% | -8.57% |
| Net Income Per EBT | 9.10% | -57.33% | 10.05% | 101.02% | 97.60% |
| EBT Per EBIT | -15.17% | 41.13% | 35.03% | 145.16% | -337.12% |
| Return on Assets (ROA) | -0.21% | -0.65% | 0.14% | -9.99% | -3.91% |
| Return on Equity (ROE) | -0.31% | -0.96% | 0.20% | -15.53% | -6.15% |
| Return on Capital Employed (ROCE) | 18.46% | 3.21% | 4.42% | -7.97% | 1.39% |
| Return on Invested Capital (ROIC) | 1.64% | -1.84% | 0.43% | -7.63% | 1.29% |
| Return on Tangible Assets | -0.33% | -0.99% | 0.22% | -16.18% | -6.20% |
| Earnings Yield | -0.08% | -0.29% | 0.05% | -2.49% | -1.12% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.45 | 7.27 | 7.78 | 7.21 | 6.81 |
| Payables Turnover | 1.40 | 1.58 | 2.74 | 1.07 | 1.02 |
| Inventory Turnover | 0.95 | 0.78 | 1.45 | 0.86 | 0.87 |
| Fixed Asset Turnover | 39.67 | 25.26 | 20.75 | 12.76 | 11.12 |
| Asset Turnover | 0.75 | 0.71 | 0.70 | 0.55 | 0.46 |
| Working Capital Turnover Ratio | 1.80 | 1.74 | 1.84 | 1.42 | 1.14 |
| Cash Conversion Cycle | 181.70 | 288.94 | 165.82 | 135.10 | 112.55 |
| Days of Sales Outstanding | 56.61 | 50.18 | 46.94 | 50.61 | 53.56 |
| Days of Inventory Outstanding | 385.69 | 469.81 | 252.20 | 426.72 | 417.89 |
| Days of Payables Outstanding | 260.59 | 231.04 | 133.32 | 342.23 | 358.90 |
| Operating Cycle | 442.29 | 519.99 | 299.14 | 477.33 | 471.45 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.43 | 2.83 | 1.78 | -0.07 | 0.89 |
| Free Cash Flow Per Share | 1.41 | 2.41 | 1.33 | -0.21 | 0.75 |
| Dividend Paid and CapEx Coverage Ratio | 66.53 | 6.71 | 3.93 | -0.56 | 6.45 |
| Capital Expenditure Coverage Ratio | 66.53 | 6.71 | 3.93 | -0.56 | 6.45 |
| Operating Cash Flow Coverage Ratio | 0.32 | 4.57 | 1.44 | -0.05 | 0.36 |
| Operating Cash Flow to Sales Ratio | 0.07 | 0.15 | 0.10 | -0.01 | 0.07 |
| Free Cash Flow Yield | 1.98% | 3.89% | 1.97% | -0.19% | 0.73% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -1252.63 | -364.71 | 1866.11 | -40.18 | -89.23 |
| Price-to-Sales (P/S) Ratio | 3.57 | 3.20 | 3.65 | 7.34 | 7.65 |
| Price-to-Book (P/B) Ratio | 3.93 | 3.36 | 3.78 | 6.24 | 5.48 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 50.61 | 25.73 | 50.74 | -513.12 | 136.59 |
| Price-to-Operating Cash Flow Ratio | 49.85 | 21.90 | 37.82 | -1430.79 | 115.42 |
| Price-to-Earnings Growth (PEG) Ratio | 18.84 | 0.64 | -18.41 | -0.31 | -3.38 |
| Enterprise Value Multiple | 12.80 | 19.01 | 25.16 | -127.06 | 148.92 |
| Enterprise Value | 1.79B | 1.41B | 1.60B | 2.66B | 2.50B |
| EV to EBITDA | 12.80 | 19.01 | 25.16 | -127.06 | 148.92 |
| EV to Sales | 3.35 | 2.68 | 3.20 | 6.77 | 6.95 |
| EV to Free Cash Flow | 47.46 | 21.57 | 44.56 | -473.12 | 124.11 |
| EV to Operating Cash Flow | 46.74 | 18.35 | 33.21 | -1319.24 | 104.87 |
| Tangible Book Value Per Share | 8.71 | 9.09 | 8.00 | 6.95 | 7.88 |
| Shareholders’ Equity Per Share | 18.16 | 18.46 | 17.81 | 17.12 | 18.72 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.91 | 1.57 | 0.90 | -0.01 | 0.02 |
| Revenue Per Share | 19.98 | 19.38 | 18.47 | 14.54 | 13.43 |
| Net Income Per Share | -0.06 | -0.18 | 0.04 | -2.66 | -1.15 |
| Tax Burden | 0.09 | -0.57 | 0.10 | 1.01 | 0.98 |
| Interest Burden | -0.15 | 0.19 | 0.27 | 1.57 | 4.04 |
| Research & Development to Revenue | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 |
| SG&A to Revenue | 0.68 | 0.68 | -0.03 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.04 | 0.03 | 0.04 | 0.06 | 0.04 |
| Income Quality | -25.14 | 9.15 | 4.96 | 0.03 | -0.75 |
Currency in NOK