What is Alpha Pro Tech's earnings per share (EPS)?

Alpha Pro Tech (APT) reported diluted earnings per share of $0.33 for fiscal year 2025. This represents a -5.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Alpha Pro Tech Financials

APT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Alpha Pro Tech (APT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 55/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Alpha Pro Tech has an operating margin of 6.5%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is up from 6.0% the prior year.

Growth

Alpha Pro Tech's revenue grew a modest 2.3% year-over-year to $59.1M. This slow but positive growth earns a score of 37/100.

Leverage

Alpha Pro Tech carries a low D/E ratio of 0.19, meaning only $0.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 12.94, Alpha Pro Tech holds $12.94 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Alpha Pro Tech has a free cash flow margin of 2.9%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Alpha Pro Tech generates a 5.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 6.3% the prior year.

Altman Z-Score Safe

5.00

Alpha Pro Tech scores 5.00, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

4/9

Alpha Pro Tech passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.67x

For every $1 of reported earnings, Alpha Pro Tech generates $0.67 in operating cash flow ($2.4M OCF vs $3.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$59.1M

YoY+2.3%

5Y CAGR-10.5%

10Y CAGR+2.8%

Alpha Pro Tech generated $59.1M in revenue in fiscal year 2025. This represents an increase of 2.3% from the prior year.

EBITDA

$4.8M

YoY+10.2%

5Y CAGR-31.8%

10Y CAGR+8.1%

Alpha Pro Tech's EBITDA was $4.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.2% from the prior year.

Net Income

$3.5M

YoY-10.1%

5Y CAGR-33.4%

10Y CAGR+13.0%

Alpha Pro Tech reported $3.5M in net income in fiscal year 2025. This represents a decrease of 10.1% from the prior year.

EPS (Diluted)

$0.33

YoY-5.7%

5Y CAGR-29.7%

10Y CAGR+18.6%

Alpha Pro Tech earned $0.33 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 5.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.7M

YoY-8.5%

5Y CAGR-36.8%

10Y CAGR-11.2%

Alpha Pro Tech generated $1.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.5% from the prior year.

Cash & Debt

$17.0M

YoY-8.8%

5Y CAGR-6.1%

10Y CAGR+5.8%

Alpha Pro Tech held $17.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

10M

YoY-6.3%

5Y CAGR-5.5%

10Y CAGR-5.5%

Alpha Pro Tech had 10M shares outstanding in fiscal year 2025. This represents a decrease of 6.3% from the prior year.

Margins & Returns

Gross Margin

38.1%

YoY-1.5pp

5Y CAGR-11.0pp

10Y CAGR+2.6pp

Alpha Pro Tech's gross margin was 38.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.

Operating Margin

6.5%

YoY+0.5pp

5Y CAGR-24.3pp

10Y CAGR+3.2pp

Alpha Pro Tech's operating margin was 6.5% in fiscal year 2025, reflecting core business profitability. This is up 0.5 percentage points from the prior year.

Net Margin

6.0%

YoY-0.8pp

5Y CAGR-20.2pp

10Y CAGR+3.7pp

Alpha Pro Tech's net profit margin was 6.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.

Return on Equity

5.7%

YoY-0.7pp

5Y CAGR-40.1pp

10Y CAGR+2.8pp

Alpha Pro Tech's ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$3.3M

YoY-24.9%

5Y CAGR+4.6%

10Y CAGR+4.7%

Alpha Pro Tech spent $3.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.9% from the prior year.

Capital Expenditures

$639K

YoY-83.2%

5Y CAGR-10.9%

10Y CAGR+8.8%

Alpha Pro Tech invested $639K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 83.2% from the prior year.

APT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$59.1M+2.3%	$57.8M-5.5%	$61.2M-1.2%	$62.0M-9.7%	$68.6M-33.2%	$102.7M
Cost of Revenue	$36.6M+4.9%	$34.9M-9.1%	$38.4M-4.7%	$40.3M-7.0%	$43.3M-17.0%	$52.2M
Gross Profit	$22.5M-1.7%	$22.9M+0.5%	$22.8M+5.3%	$21.7M-14.3%	$25.3M-49.9%	$50.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$17.8M-4.5%	$18.6M+4.7%	$17.8M+9.6%	$16.2M-2.0%	$16.6M-8.9%	$18.2M
Operating Income	$3.8M+11.3%	$3.4M-16.5%	$4.1M-11.1%	$4.7M-41.3%	$7.9M-74.9%	$31.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.1M+4.3%	$1.1M-11.7%	$1.2M+11.1%	$1.1M-36.2%	$1.7M-67.5%	$5.4M
Net Income	$3.5M-10.1%	$3.9M-6.2%	$4.2M+27.6%	$3.3M-51.4%	$6.8M-74.9%	$26.9M
EPS (Diluted)	$0.33-5.7%	$0.350.0%	$0.35+34.6%	$0.26-48.0%	$0.50-74.0%	$1.92

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$13.9M-6.2%	$14.8M-11.3%	$16.7M+20.6%	$13.8M0.0%	$13.8M-3.0%	$14.3M-12.5%	$16.3M+20.8%	$13.5M
Cost of Revenue	$8.7M-2.2%	$8.9M-15.4%	$10.5M+25.0%	$8.4M-2.3%	$8.6M-1.6%	$8.8M-7.2%	$9.4M+17.1%	$8.1M
Gross Profit	$5.1M-12.3%	$5.9M-4.3%	$6.1M+13.7%	$5.4M+3.9%	$5.2M-5.3%	$5.5M-19.8%	$6.8M+26.3%	$5.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.0M-13.4%	$4.6M+0.3%	$4.6M-2.9%	$4.7M+7.2%	$4.4M-2.8%	$4.5M-7.8%	$4.9M+0.8%	$4.8M
Operating Income	$952K-13.2%	$1.1M-17.8%	$1.3M+193.4%	$455K-32.5%	$674K-8.5%	$737K-57.0%	$1.7M+425.2%	$326K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$295K-6.9%	$317K-13.6%	$367K+130.8%	$159K-31.8%	$233K-1.7%	$237K-50.1%	$475K+225.3%	$146K
Net Income	$698K-28.5%	$976K-21.5%	$1.2M+102.9%	$613K-27.6%	$847K-1.7%	$862K-47.6%	$1.6M+185.4%	$576K
EPS (Diluted)	N/A	$0.09-25.0%	$0.12+100.0%	$0.06	N/A	$0.08-46.7%	$0.15+200.0%	$0.05

APT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$74.1M+0.5%	$73.7M+7.2%	$68.8M+6.1%	$64.8M-3.3%	$67.0M-2.4%	$68.7M
Current Assets	$52.5M+3.7%	$50.6M-4.6%	$53.1M+1.0%	$52.6M-0.8%	$53.0M-3.9%	$55.2M
Cash & Equivalents	$17.0M-8.8%	$18.6M-8.5%	$20.4M+25.1%	$16.3M-0.1%	$16.3M-30.0%	$23.3M
Inventory	$23.6M+3.8%	$22.7M+12.9%	$20.1M-17.5%	$24.4M-2.3%	$25.0M+49.1%	$16.7M
Accounts Receivable	$8.1M+66.3%	$4.9M-25.2%	$6.5M+21.6%	$5.4M+58.4%	$3.4M-58.2%	$8.1M
Goodwill	$55K0.0%	$55K0.0%	$55K0.0%	$55K0.0%	$55K0.0%	$55K
Total Liabilities	$11.7M+1.3%	$11.5M+59.9%	$7.2M+77.9%	$4.0M-23.2%	$5.3M-42.3%	$9.1M
Current Liabilities	$4.1M+29.9%	$3.1M+21.7%	$2.6M+6.7%	$2.4M-9.6%	$2.7M-54.5%	$5.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$62.5M+0.4%	$62.2M+1.1%	$61.6M+1.3%	$60.8M-1.6%	$61.8M+5.1%	$58.8M
Retained Earnings	$48.5M+2.6%	$47.3M+1.5%	$46.6M+3.4%	$45.0M-27.9%	$62.5M+5.9%	$59.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$74.1M+0.4%	$73.9M+1.0%	$73.2M+1.4%	$72.2M-2.1%	$73.7M+0.6%	$73.3M+0.9%	$72.7M-0.1%	$72.7M
Current Assets	$52.5M+1.5%	$51.7M+2.4%	$50.5M+2.4%	$49.3M-2.6%	$50.6M-1.5%	$51.4M-2.2%	$52.6M+0.4%	$52.4M
Cash & Equivalents	$17.0M-3.8%	$17.7M+22.1%	$14.5M+8.3%	$13.4M-28.4%	$18.6M+1.3%	$18.4M+13.5%	$16.2M-12.4%	$18.5M
Inventory	$23.6M+0.5%	$23.5M+5.0%	$22.4M-5.1%	$23.6M+3.7%	$22.7M+7.9%	$21.1M+1.4%	$20.8M+0.1%	$20.8M
Accounts Receivable	$8.1M	N/A	N/A	N/A	$4.9M	N/A	N/A	N/A
Goodwill	$55K0.0%	$55K0.0%	$55K0.0%	$55K0.0%	$55K0.0%	$55K0.0%	$55K0.0%	$55K
Total Liabilities	$11.7M+2.9%	$11.3M+3.8%	$10.9M+4.4%	$10.5M-9.2%	$11.5M+2.2%	$11.3M+5.9%	$10.6M-4.0%	$11.1M
Current Liabilities	$4.1M+10.6%	$3.7M+21.7%	$3.0M+30.7%	$2.3M-26.2%	$3.1M+15.4%	$2.7M+46.3%	$1.9M-10.4%	$2.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$62.5M-0.1%	$62.5M+0.5%	$62.2M+0.8%	$61.7M-0.8%	$62.2M+0.3%	$62.1M0.0%	$62.0M+0.6%	$61.6M
Retained Earnings	$48.5M+0.5%	$48.3M+1.2%	$47.7M+1.5%	$47.0M-0.5%	$47.3M+0.7%	$46.9M+0.2%	$46.8M+1.6%	$46.1M

APT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.4M-58.4%	$5.7M-32.6%	$8.5M+97.8%	$4.3M+991.0%	-$480K-102.6%	$18.3M
Capital Expenditures	$639K-83.2%	$3.8M+380.6%	$792K+61.0%	$492K-80.5%	$2.5M+122.4%	$1.1M
Free Cash Flow	$1.7M-8.5%	$1.9M-75.3%	$7.7M+102.5%	$3.8M+226.0%	-$3.0M-117.5%	$17.1M
Investing Cash Flow	-$639K+83.1%	-$3.8M-376.8%	-$792K	N/A	-$2.5M-192.8%	-$862K
Financing Cash Flow	-$3.4M+7.8%	-$3.7M-2.4%	-$3.6M+5.9%	-$3.8M+4.5%	-$4.0M-496.0%	-$668K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$3.3M-24.9%	$4.5M+11.2%	$4.0M+3.1%	$3.9M-11.9%	$4.4M+65.3%	$2.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$318K-91.9%	$3.9M+87.9%	$2.1M+152.7%	-$4.0M-264.1%	$2.4M-54.7%	$5.3M+710.2%	-$873K+25.3%	-$1.2M
Capital Expenditures	$267K+169.7%	$99K-28.3%	$138K+2.2%	$135K-90.6%	$1.4M-32.8%	$2.1M+1514.3%	$133K+60.2%	$83K
Free Cash Flow	$51K-98.7%	$3.8M+96.1%	$1.9M+147.6%	-$4.1M-522.1%	$970K-69.5%	$3.2M+416.1%	-$1.0M+19.6%	-$1.3M
Investing Cash Flow	-$267K	N/A	N/A	-$135K+90.6%	-$1.4M	N/A	N/A	-$83K
Financing Cash Flow	-$721K-14.4%	-$630K+24.8%	-$838K+29.6%	-$1.2M-63.5%	-$728K+28.8%	-$1.0M+21.1%	-$1.3M-110.6%	-$616K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$713K+14.3%	$624K-24.8%	$830K-29.5%	$1.2M+63.4%	$721K-30.0%	$1.0M-19.8%	$1.3M-9.4%	$1.4M

APT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	38.1%-1.5pp	39.6%+2.4pp	37.3%+2.3pp	35.0%-1.9pp	36.9%-12.3pp	49.1%
Operating Margin	6.5%+0.5pp	6.0%-0.8pp	6.8%-0.7pp	7.5%-4.1pp	11.6%-19.2pp	30.8%
Net Margin	6.0%-0.8pp	6.8%-0.1pp	6.8%+1.5pp	5.3%-4.5pp	9.8%-16.3pp	26.2%
Return on Equity	5.7%-0.7pp	6.3%-0.5pp	6.8%+1.4pp	5.4%-5.5pp	10.9%-34.8pp	45.8%
Return on Assets	4.8%-0.6pp	5.3%-0.8pp	6.1%+1.0pp	5.1%-5.0pp	10.1%-29.1pp	39.2%
Current Ratio	12.94-3.3	16.21-4.5	20.68-1.2	21.85+1.9	19.92+10.5	9.43
Debt-to-Equity	0.190.0	0.18+0.1	0.12+0.1	0.07-0.0	0.09-0.1	0.16
FCF Margin	2.9%-0.3pp	3.3%-9.3pp	12.5%+6.4pp	6.1%+10.5pp	-4.4%-21.1pp	16.7%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	37.1%-2.6pp	39.7%+2.9pp	36.8%-2.2pp	39.0%+1.4pp	37.6%-0.9pp	38.5%-3.5pp	42.0%+1.8pp	40.2%
Operating Margin	6.9%-0.6pp	7.4%-0.6pp	8.0%+4.7pp	3.3%-1.6pp	4.9%-0.3pp	5.2%-5.3pp	10.5%+8.1pp	2.4%
Net Margin	5.0%-1.6pp	6.6%-0.9pp	7.5%+3.0pp	4.4%-1.7pp	6.1%+0.1pp	6.0%-4.0pp	10.1%+5.8pp	4.3%
Return on Equity	1.1%-0.4pp	1.6%-0.4pp	2.0%+1.0pp	1.0%-0.4pp	1.4%-0.0pp	1.4%-1.3pp	2.6%+1.7pp	0.9%
Return on Assets	0.9%-0.4pp	1.3%-0.4pp	1.7%+0.9pp	0.9%-0.3pp	1.1%-0.0pp	1.2%-1.1pp	2.3%+1.5pp	0.8%
Current Ratio	12.94-1.2	14.10-2.7	16.76-4.6	21.40+5.2	16.21-2.8	19.00-9.4	28.43+3.1	25.37
Debt-to-Equity	0.190.0	0.180.0	0.180.0	0.17-0.0	0.180.0	0.18+0.0	0.170.0	0.18
FCF Margin	0.4%-25.5pp	25.9%+14.2pp	11.7%+41.3pp	-29.6%-36.6pp	7.0%-15.3pp	22.3%+28.5pp	-6.2%+3.1pp	-9.3%

Similar Companies

Identiv INVE

$89.8M

Caesarstone CSTE

$38.4M

Perma Pipe PPIH

$249.2M

Airjoule Technologies Corp AIRJ

$181.6M

ScanTech AI Systems Inc. STAI

$3.4M

Frequently Asked Questions

What is Alpha Pro Tech's annual revenue?

Alpha Pro Tech (APT) reported $59.1M in total revenue for fiscal year 2025. This represents a 2.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Alpha Pro Tech's revenue growing?

Alpha Pro Tech (APT) revenue grew by 2.3% year-over-year, from $57.8M to $59.1M in fiscal year 2025.

Is Alpha Pro Tech profitable?

Yes, Alpha Pro Tech (APT) reported a net income of $3.5M in fiscal year 2025, with a net profit margin of 6.0%.

What is Alpha Pro Tech's EBITDA?

Alpha Pro Tech (APT) had EBITDA of $4.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Alpha Pro Tech's gross margin?

Alpha Pro Tech (APT) had a gross margin of 38.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Alpha Pro Tech's operating margin?

Alpha Pro Tech (APT) had an operating margin of 6.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Alpha Pro Tech's net profit margin?

Alpha Pro Tech (APT) had a net profit margin of 6.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Alpha Pro Tech's return on equity (ROE)?

Alpha Pro Tech (APT) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Alpha Pro Tech's free cash flow?

Alpha Pro Tech (APT) generated $1.7M in free cash flow during fiscal year 2025. This represents a -8.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Alpha Pro Tech's operating cash flow?

Alpha Pro Tech (APT) generated $2.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Alpha Pro Tech's total assets?

Alpha Pro Tech (APT) had $74.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Alpha Pro Tech's capital expenditures?

Alpha Pro Tech (APT) invested $639K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Alpha Pro Tech buy back shares?

Yes, Alpha Pro Tech (APT) spent $3.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Alpha Pro Tech have outstanding?

Alpha Pro Tech (APT) had 10M shares outstanding as of fiscal year 2025.

What is Alpha Pro Tech's current ratio?

Alpha Pro Tech (APT) had a current ratio of 12.94 as of fiscal year 2025, which is generally considered healthy.

What is Alpha Pro Tech's debt-to-equity ratio?

Alpha Pro Tech (APT) had a debt-to-equity ratio of 0.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Alpha Pro Tech's return on assets (ROA)?

Alpha Pro Tech (APT) had a return on assets of 4.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Alpha Pro Tech's Altman Z-Score?

Alpha Pro Tech (APT) has an Altman Z-Score of 5.00, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Alpha Pro Tech's Piotroski F-Score?

Alpha Pro Tech (APT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Alpha Pro Tech's earnings high quality?

Alpha Pro Tech (APT) has an earnings quality ratio of 0.67x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Alpha Pro Tech?

Alpha Pro Tech (APT) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.