What is Arq Inc's earnings per share (EPS)?

Arq Inc (ARQ) reported diluted earnings per share of $-1.27 for fiscal year 2025. This represents a -807.1% 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.

Arq Inc Financials

ARQ

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

This page shows Arq Inc (ARQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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 28/100

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

Profitability

Arq Inc has an operating margin of -44.0%, meaning the company retains $-44 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1.8% the prior year.

Growth

Arq Inc's revenue grew 10.4% year-over-year to $120.3M, a solid pace of expansion. This earns a growth score of 51/100.

Leverage

100

Arq Inc carries a low D/E ratio of 0.05, meaning only $0.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Arq Inc's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.

Cash Flow

While Arq Inc generated -$2.7M in operating cash flow, capex of $8.6M consumed most of it, leaving -$11.3M in free cash flow. This results in a low score of 2/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Arq Inc generates a -31.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -2.4% the prior year.

Piotroski F-Score Weak

2/9

Arq Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.05x

For every $1 of reported earnings, Arq Inc generates $0.05 in operating cash flow (-$2.7M OCF vs -$52.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-21.6x

Arq Inc earns $-21.6 in operating income for every $1 of interest expense (-$53.0M vs $2.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$120.3M

YoY+10.4%

5Y CAGR+12.3%

10Y CAGR+6.7%

Arq Inc generated $120.3M in revenue in fiscal year 2025. This represents an increase of 10.4% from the prior year.

EBITDA

-$41.2M

YoY-721.1%

Arq Inc's EBITDA was -$41.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 721.1% from the prior year.

Net Income

-$52.6M

YoY-929.8%

Arq Inc reported -$52.6M in net income in fiscal year 2025. This represents a decrease of 929.8% from the prior year.

EPS (Diluted)

$-1.27

YoY-807.1%

Arq Inc earned $-1.27 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 807.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$11.3M

YoY+84.9%

Arq Inc generated -$11.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 84.9% from the prior year.

Cash & Debt

$6.6M

YoY-51.4%

5Y CAGR-28.8%

10Y CAGR-3.4%

Arq Inc held $6.6M in cash against $8.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

43M

YoY+1.7%

5Y CAGR+18.2%

10Y CAGR+7.0%

Arq Inc had 43M shares outstanding in fiscal year 2025. This represents an increase of 1.7% from the prior year.

Margins & Returns

Gross Margin

27.9%

YoY-8.3pp

Arq Inc's gross margin was 27.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 8.3 percentage points from the prior year.

Operating Margin

-44.0%

YoY-42.2pp

5Y CAGR+16.8pp

10Y CAGR+22.6pp

Arq Inc's operating margin was -44.0% in fiscal year 2025, reflecting core business profitability. This is down 42.2 percentage points from the prior year.

Net Margin

-43.7%

YoY-39.0pp

5Y CAGR-13.6pp

10Y CAGR+4.3pp

Arq Inc's net profit margin was -43.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 39.0 percentage points from the prior year.

Return on Equity

-31.3%

YoY-29.0pp

5Y CAGR-7.5pp

Arq Inc's ROE was -31.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 29.0 percentage points from the prior year.

Capital Allocation

R&D Spending

$7.3M

YoY+81.2%

5Y CAGR+49.0%

10Y CAGR+3.2%

Arq Inc invested $7.3M in research and development in fiscal year 2025. This represents an increase of 81.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$8.6M

YoY-89.9%

5Y CAGR+5.1%

10Y CAGR+32.7%

Arq Inc invested $8.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 89.9% from the prior year.

ARQ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$120.3M+10.4%	$109.0M+9.9%	$99.2M-3.7%	$103.0M+2.7%	$100.3M+48.9%	$67.4M
Cost of Revenue	$86.8M+24.9%	$69.5M+3.3%	$67.3M	N/A	N/A	N/A
Gross Profit	$33.5M-15.0%	$39.4M+23.8%	$31.9M	N/A	N/A	N/A
R&D Expenses	$7.3M+81.2%	$4.0M+22.2%	$3.3M+57.8%	$2.1M+425.0%	$400K-60.0%	$1.0M
SG&A Expenses	$22.6M-21.4%	$28.7M-15.8%	$34.1M+318.3%	$8.1M+15.4%	$7.1M-14.2%	$8.2M
Operating Income	-$53.0M-2603.3%	-$2.0M+85.3%	-$13.3M-10.5%	-$12.1M-348.7%	$4.9M+111.8%	-$41.0M
Interest Expense	$2.4M-24.8%	$3.3M+8.1%	$3.0M+797.0%	$336K-77.4%	$1.5M-62.0%	$3.9M
Income Tax	$12K+107.3%	-$164K-207.2%	$153K-26.8%	$209K-98.7%	$15.7M+140.7%	$6.5M
Net Income	-$52.6M-929.8%	-$5.1M+58.3%	-$12.2M-37.4%	-$8.9M-114.8%	$60.4M+397.5%	-$20.3M
EPS (Diluted)	$-1.27-807.1%	$-0.14+66.7%	$-0.42+12.5%	$-0.48-114.7%	$3.27+392.0%	$-1.12

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$29.4M-16.1%	$35.1M+22.7%	$28.6M+4.9%	$27.2M+0.8%	$27.0M-22.2%	$34.8M+36.9%	$25.4M+16.9%	$21.7M
Cost of Revenue	$25.4M+1.9%	$25.0M+30.9%	$19.1M+10.0%	$17.3M+0.6%	$17.2M-19.2%	$21.3M+23.9%	$17.2M+25.6%	$13.7M
Gross Profit	$4.0M-60.5%	$10.1M+6.2%	$9.5M-4.0%	$9.9M+1.1%	$9.8M-27.0%	$13.4M+64.3%	$8.2M+1.9%	$8.0M
R&D Expenses	$1.2M-53.2%	$2.6M-4.9%	$2.7M+208.6%	$874K+23.3%	$709K-9.9%	$787K-15.3%	$929K-42.8%	$1.6M
SG&A Expenses	$6.0M+28.9%	$4.6M-21.9%	$5.9M-2.2%	$6.1M+1.6%	$6.0M-26.0%	$8.1M+14.9%	$7.0M-8.5%	$7.7M
Operating Income	-$51.2M-6005.6%	-$839K+46.0%	-$1.6M-334.9%	$662K+60.3%	$413K-79.6%	$2.0M+242.8%	-$1.4M+52.3%	-$3.0M
Interest Expense	$544K-7.3%	$587K-1.2%	$594K-18.0%	$724K-12.9%	$831K+3.1%	$806K-2.8%	$829K+4.8%	$791K
Income Tax	$12K	$0	$0	$0+100.0%	-$194K	$0-100.0%	$30K	$0
Net Income	-$50.0M-7561.1%	-$653K+69.4%	-$2.1M-1150.7%	$203K+115.2%	-$1.3M-182.8%	$1.6M+182.2%	-$2.0M+42.4%	-$3.4M
EPS (Diluted)	N/A	$-0.02+60.0%	$-0.05	$0.00	N/A	$0.04+166.7%	$-0.06+33.3%	$-0.09

ARQ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$230.6M-18.9%	$284.4M+20.7%	$235.5M+30.0%	$181.2M-2.3%	$185.4M+26.4%	$146.7M
Current Assets	$43.9M-16.2%	$52.4M-39.4%	$86.5M-18.2%	$105.7M-2.5%	$108.4M+74.8%	$62.0M
Cash & Equivalents	$6.6M-51.4%	$13.5M-70.2%	$45.4M-31.7%	$66.4M-15.6%	$78.8M+119.2%	$35.9M
Inventory	$15.9M-17.7%	$19.3M-1.9%	$19.7M+10.5%	$17.8M+127.1%	$7.8M-20.6%	$9.9M
Accounts Receivable	$15.0M+0.7%	$14.9M-8.1%	$16.2M+16.8%	$13.9M+9.8%	$12.6M-3.8%	$13.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$62.6M-6.7%	$67.1M+17.5%	$57.1M+38.6%	$41.2M+8.0%	$38.1M-38.0%	$61.5M
Current Liabilities	$42.3M-5.3%	$44.7M+93.7%	$23.0M-3.5%	$23.9M+5.6%	$22.6M-46.8%	$42.5M
Long-Term Debt	$8.5M-9.8%	$9.4M-48.7%	$18.3M+429.7%	$3.5M+9.5%	$3.2M-42.1%	$5.4M
Total Equity	$168.0M-22.7%	$217.3M+21.8%	$178.4M+27.4%	$140.0M-5.0%	$147.3M+72.9%	$85.2M
Retained Earnings	$13.8M-79.2%	$66.4M-7.1%	$71.5M-14.8%	$83.9M-9.6%	$92.9M+186.1%	$32.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$230.6M-17.0%	$277.9M-2.3%	$284.5M+0.3%	$283.7M-0.2%	$284.4M+1.6%	$280.0M+12.6%	$248.6M+8.2%	$229.8M
Current Assets	$43.9M-0.2%	$43.9M-13.3%	$50.7M+5.0%	$48.2M-7.9%	$52.4M-40.0%	$87.3M+22.5%	$71.2M-1.1%	$72.0M
Cash & Equivalents	$6.6M-6.4%	$7.0M+1.0%	$7.0M+9.8%	$6.3M-53.1%	$13.5M-72.2%	$48.7M+70.9%	$28.5M-19.2%	$35.2M
Inventory	$15.9M+1.0%	$15.7M-24.2%	$20.8M-4.5%	$21.7M+12.6%	$19.3M+4.5%	$18.5M-18.4%	$22.6M+4.5%	$21.7M
Accounts Receivable	$15.0M+4.3%	$14.4M-7.6%	$15.5M+1.2%	$15.4M+3.3%	$14.9M-10.3%	$16.6M+4.9%	$15.8M+44.7%	$10.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$62.6M+3.0%	$60.8M-10.3%	$67.8M+3.5%	$65.5M-2.4%	$67.1M+8.5%	$61.8M+4.9%	$59.0M+8.0%	$54.6M
Current Liabilities	$42.3M+6.2%	$39.8M-13.8%	$46.2M+7.4%	$43.0M-3.8%	$44.7M+47.9%	$30.2M+13.5%	$26.6M+21.1%	$22.0M
Long-Term Debt	$8.5M-4.0%	$8.8M+0.7%	$8.7M-3.8%	$9.1M-3.0%	$9.4M-46.9%	$17.6M-1.9%	$18.0M-0.8%	$18.1M
Total Equity	$168.0M-22.7%	$217.2M+0.2%	$216.8M-0.6%	$218.2M+0.4%	$217.3M-0.4%	$218.1M+15.0%	$189.6M+8.2%	$175.2M
Retained Earnings	$13.8M-78.3%	$63.9M-1.0%	$64.5M-3.2%	$66.6M+0.3%	$66.4M-2.0%	$67.8M+2.4%	$66.2M-2.9%	$68.1M

ARQ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$2.7M-126.1%	$10.5M+162.9%	-$16.7M-174.8%	-$6.1M-123.3%	$26.0M-51.9%	$54.0M
Capital Expenditures	$8.6M-89.9%	$85.2M+209.5%	$27.5M+208.7%	$8.9M+43.8%	$6.2M-7.2%	$6.7M
Free Cash Flow	-$11.3M+84.9%	-$74.7M-69.1%	-$44.2M-195.0%	-$15.0M-175.6%	$19.8M-58.2%	$47.4M
Investing Cash Flow	-$8.2M+90.4%	-$85.1M-198.1%	-$28.5M-519.2%	-$4.6M-110.4%	$44.4M+694.4%	-$7.5M
Financing Cash Flow	$3.7M-91.3%	$42.7M+86.3%	$22.9M+1464.4%	-$1.7M+90.4%	-$17.5M+36.8%	-$27.7M
Dividends Paid	N/A	N/A	$0-100.0%	$45K-51.6%	$93K-98.1%	$5.0M
Share Buybacks	N/A	N/A	N/A	N/A	$0-100.0%	$159K

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$2.8M-152.0%	$5.3M+906.5%	$527K+109.1%	-$5.8M-211.4%	$5.2M-32.3%	$7.7M+360.7%	-$3.0M-660.8%	$526K
Capital Expenditures	$783K-64.5%	$2.2M+17.3%	$1.9M-49.4%	$3.7M-91.4%	$43.0M+219.5%	$13.4M-29.9%	$19.2M+99.8%	$9.6M
Free Cash Flow	-$3.5M-214.2%	$3.1M+329.3%	-$1.4M+85.8%	-$9.5M+74.8%	-$37.8M-556.3%	-$5.8M+74.0%	-$22.1M-143.9%	-$9.1M
Investing Cash Flow	-$314K+86.4%	-$2.3M-19.9%	-$1.9M+46.3%	-$3.6M+91.6%	-$43.0M-224.4%	-$13.2M+31.0%	-$19.2M-99.1%	-$9.6M
Financing Cash Flow	$2.6M+189.8%	-$2.9M-244.0%	$2.0M+2.9%	$2.0M-24.8%	$2.6M-89.8%	$25.7M+67.9%	$15.3M+1613.5%	-$1.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ARQ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	27.9%-8.3pp	36.2%+4.1pp	32.1%	N/A	N/A	N/A
Operating Margin	-44.0%-42.2pp	-1.8%+11.6pp	-13.4%-1.7pp	-11.7%-16.6pp	4.8%+65.7pp	-60.8%
Net Margin	-43.7%-39.0pp	-4.7%+7.7pp	-12.3%-3.7pp	-8.7%-68.9pp	60.2%+90.4pp	-30.1%
Return on Equity	-31.3%-29.0pp	-2.4%+4.5pp	-6.9%-0.5pp	-6.4%-47.4pp	41.0%+64.8pp	-23.8%
Return on Assets	-22.8%-21.0pp	-1.8%+3.4pp	-5.2%-0.3pp	-4.9%-37.5pp	32.6%+46.4pp	-13.8%
Current Ratio	1.04-0.1	1.17-2.6	3.75-0.7	4.42-0.4	4.79+3.3	1.46
Debt-to-Equity	0.050.0	0.04-0.1	0.10+0.1	0.020.0	0.02-0.0	0.06
FCF Margin	-9.4%+59.2pp	-68.5%-24.0pp	-44.5%-30.0pp	-14.5%-34.3pp	19.7%-50.6pp	70.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	13.6%-15.3pp	28.8%-4.5pp	33.3%-3.1pp	36.4%+0.1pp	36.3%-2.4pp	38.6%+6.5pp	32.2%-4.7pp	36.9%
Operating Margin	-174.0%-171.7pp	-2.4%+3.0pp	-5.4%-7.9pp	2.4%+0.9pp	1.5%-4.3pp	5.8%+11.4pp	-5.6%+8.1pp	-13.7%
Net Margin	-170.0%-168.1pp	-1.9%+5.6pp	-7.5%-8.2pp	0.8%+5.7pp	-5.0%-9.6pp	4.7%+12.4pp	-7.8%+8.0pp	-15.7%
Return on Equity	-29.8%-29.5pp	-0.3%+0.7pp	-1.0%-1.1pp	0.1%+0.7pp	-0.6%-1.4pp	0.7%+1.8pp	-1.0%+0.9pp	-1.9%
Return on Assets	-21.7%-21.5pp	-0.2%+0.5pp	-0.8%-0.8pp	0.1%+0.5pp	-0.5%-1.0pp	0.6%+1.4pp	-0.8%+0.7pp	-1.5%
Current Ratio	1.04-0.1	1.100.0	1.10-0.0	1.12-0.1	1.17-1.7	2.89+0.2	2.68-0.6	3.28
Debt-to-Equity	0.050.0	0.040.0	0.040.0	0.040.0	0.04-0.0	0.08-0.0	0.090.0	0.10
FCF Margin	-12.0%-20.9pp	8.8%+13.6pp	-4.7%+30.2pp	-34.9%+104.7pp	-139.6%-123.1pp	-16.5%+70.5pp	-87.1%-45.4pp	-41.7%

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Frequently Asked Questions

What is Arq Inc's annual revenue?

Arq Inc (ARQ) reported $120.3M in total revenue for fiscal year 2025. This represents a 10.4% 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 Arq Inc's revenue growing?

Arq Inc (ARQ) revenue grew by 10.4% year-over-year, from $109.0M to $120.3M in fiscal year 2025.

Is Arq Inc profitable?

No, Arq Inc (ARQ) reported a net income of -$52.6M in fiscal year 2025, with a net profit margin of -43.7%.

What is Arq Inc's EBITDA?

Arq Inc (ARQ) had EBITDA of -$41.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Arq Inc have?

As of fiscal year 2025, Arq Inc (ARQ) had $6.6M in cash and equivalents against $8.5M in long-term debt.

What is Arq Inc's gross margin?

Arq Inc (ARQ) had a gross margin of 27.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Arq Inc's operating margin?

Arq Inc (ARQ) had an operating margin of -44.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Arq Inc's net profit margin?

Arq Inc (ARQ) had a net profit margin of -43.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Arq Inc's return on equity (ROE)?

Arq Inc (ARQ) has a return on equity of -31.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Arq Inc's free cash flow?

Arq Inc (ARQ) generated -$11.3M in free cash flow during fiscal year 2025. This represents a 84.9% 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 Arq Inc's operating cash flow?

Arq Inc (ARQ) generated -$2.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Arq Inc's total assets?

Arq Inc (ARQ) had $230.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Arq Inc's capital expenditures?

Arq Inc (ARQ) invested $8.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Arq Inc spend on research and development?

Arq Inc (ARQ) invested $7.3M in research and development during fiscal year 2025.

How many shares does Arq Inc have outstanding?

Arq Inc (ARQ) had 43M shares outstanding as of fiscal year 2025.

What is Arq Inc's current ratio?

Arq Inc (ARQ) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

What is Arq Inc's debt-to-equity ratio?

Arq Inc (ARQ) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Arq Inc's return on assets (ROA)?

Arq Inc (ARQ) had a return on assets of -22.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Arq Inc's cash runway?

Based on fiscal year 2025 data, Arq Inc (ARQ) had $6.6M in cash against an annual operating cash burn of $2.7M. This gives an estimated cash runway of approximately 29 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Arq Inc's Piotroski F-Score?

Arq Inc (ARQ) has a Piotroski F-Score of 2 out of 9, indicating weak 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 Arq Inc's earnings high quality?

Arq Inc (ARQ) has an earnings quality ratio of 0.05x, considered low quality (accrual-driven). 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.

Can Arq Inc cover its interest payments?

Arq Inc (ARQ) has an interest coverage ratio of -21.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Arq Inc?

Arq Inc (ARQ) scores 28 out of 100 on our Financial Profile, indicating weak 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.