Bel Fuse (BELFA) Financials

$65.00 -1.95 (-2.91%)

Closing price 04:00 PM Eastern

Extended Trading

$65.62 +0.62 (+0.95%)

As of 04:05 PM Eastern

Annual Income Statements for Bel Fuse

This table shows Bel Fuse's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	8.60	19	-65	-12	-378	-8.74	13	25	53	74	41
Consolidated Net Income / (Loss)	8.60	19	-65	-12	0.00	-8.74	13	25	53	74	49
Net Income / (Loss) Continuing Operations	8.60	19	-65	-12	-378	-8.74	13	25	53	74	49
Total Pre-Tax Income	9.77	26	-83	9.64	24	-7.30	12	27	59	83	62
Total Operating Income	13	29	-77	17	27	-1.60	19	31	65	88	64
Total Gross Profit	87	109	100	102	-259	110	120	134	183	216	202
Total Revenue	487	567	500	492	150	492	466	543	654	640	535
Operating Revenue	487	567	500	492	150	492	466	543	654	640	535
Total Cost of Revenue	400	458	400	389	409	382	346	409	471	424	332
Operating Cost of Revenue	400	458	400	389	409	382	346	409	471	424	332
Total Operating Expenses	74	80	176	85	112	112	101	103	118	128	138
Selling, General & Admin Expense	72	78	71	85	83	77	79	87	92	99	111
Research & Development Expense	-	-	-	-	29	27	24	22	20	22	24
Impairment Charge	0.00	0.00	106	-	0.00	8.89	-	-	0.00	0.00	0.40
Restructuring Charge	1.83	2.11	2.09	0.31	0.22	2.59	0.60	1.20	7.32	10	3.46
Other Special Charges / (Income)	-0.01	0.16	-2.64	-	0.00	-4.26	-1.85	-6.58	-1.60	-3.82	0.00
Total Other Income / (Expense), net	-3.70	-2.87	-6.04	-7.74	-3.33	-5.71	-6.53	-3.93	-6.09	-4.68	-2.49
Interest Expense	3.98	7.59	6.66	6.80	5.32	5.45	4.75	3.54	3.38	2.85	4.08
Interest & Investment Income	0.28	4.72	0.62	-	-	-	-	-	0.18	1.70	4.75
Other Income / (Expense), net	-	-	-	-0.94	1.99	-0.26	-1.79	-0.39	-2.89	-3.52	-3.17
Income Tax Expense	1.17	6.54	-18	22	2.91	1.44	-0.66	2.51	6.37	9.47	13
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	0.00	8.23
Basic Earnings per Share	-	-	-	-	$1.73	($1.42)	$2.02	$3.92	$8.25	$11.35	$6.38
Weighted Average Basic Shares Outstanding	11.50M	11.70M	12.03M	12.03M	9.94M	2.17M	2.15M	12.40M	12.54M	12.78M	12.62M
Weighted Average Diluted Shares Outstanding	11.50M	11.70M	12.03M	12.03M	9.94M	2.17M	2.15M	2.15M	12.78M	12.76M	12.54M
Weighted Average Basic & Diluted Shares Outstanding	11.50M	11.70M	12.03M	12.03M	9.94M	12.28M	12.33M	2.15M	12.78M	12.76M	12.54M

This table shows Bel Fuse's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	17	14	15	28	19	12	16	19	8.08	-1.80
Consolidated Net Income / (Loss)	17	14	15	28	19	12	16	19	8.08	6.43
Net Income / (Loss) Continuing Operations	17	14	15	28	19	12	16	19	8.08	6.43
Total Pre-Tax Income	21	17	19	27	24	13	20	23	11	7.39
Total Operating Income	22	18	20	27	25	16	18	23	11	12
Total Gross Profit	52	52	54	56	55	51	48	53	45	56
Total Revenue	178	169	172	169	159	140	128	133	124	150
Operating Revenue	178	169	172	169	159	140	128	133	124	150
Total Cost of Revenue	126	117	119	113	103	89	80	80	79	94
Operating Cost of Revenue	126	117	119	113	103	89	80	80	79	94
Total Operating Expenses	29	34	34	28	31	35	30	31	33	44
Selling, General & Admin Expense	22	25	25	25	24	25	25	24	27	35
Research & Development Expense	4.88	5.69	5.22	6.01	5.29	5.97	5.22	5.99	5.44	6.93
Restructuring Charge	3.97	3.32	3.51	0.71	2.09	3.81	0.07	0.64	1.09	1.67
Total Other Income / (Expense), net	-1.37	-0.75	-0.90	-0.06	-0.74	-2.97	2.50	0.26	-0.26	-4.99
Interest Expense	0.94	0.97	0.98	0.91	0.51	0.45	0.43	0.42	0.41	2.82
Interest & Investment Income	-	-	0.11	0.00	0.00	1.59	1.12	1.15	1.48	1.01
Other Income / (Expense), net	-0.43	0.04	-0.03	0.85	-0.23	-4.11	1.82	-0.47	-1.33	-3.19
Income Tax Expense	4.14	3.41	4.16	-0.48	4.32	1.46	4.48	4.08	3.11	0.95
Basic Earnings per Share	$2.61	$2.18	$2.24	$4.27	$3.00	$1.84	$2.45	$2.93	$1.26	($0.26)
Weighted Average Basic Shares Outstanding	12.48M	12.54M	12.78M	12.78M	12.78M	12.78M	12.75M	12.62M	12.55M	12.62M
Weighted Average Diluted Shares Outstanding	12.48M	12.78M	12.77M	12.78M	12.77M	12.76M	12.62M	12.55M	12.55M	12.54M
Weighted Average Basic & Diluted Shares Outstanding	12.48M	12.78M	12.77M	12.78M	12.77M	12.76M	12.62M	12.55M	12.55M	12.54M

This table details how cash moves in and out of Bel Fuse's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	15	7.90	-12	-4.06	-15	18	13	-23	8.51	19	-21
Net Cash From Operating Activities	22	66	39	24	10	24	46	4.63	40	108	74
Net Cash From Continuing Operating Activities	22	66	39	24	49	24	46	4.63	40	108	74
Net Income / (Loss) Continuing Operations	8.60	19	-65	-12	0.00	-8.74	13	25	53	74	49
Consolidated Net Income / (Loss)	8.60	19	-65	-12	0.00	-8.74	13	25	53	74	49
Depreciation Expense	20	23	22	21	0.00	16	16	17	15	13	16
Amortization Expense	0.70	1.43	1.80	2.26	-0.53	0.47	0.65	1.30	0.03	0.03	0.15
Non-Cash Adjustments To Reconcile Net Income	-0.93	1.36	104	7.81	-5.83	8.48	6.23	-17	-2.89	6.16	15
Changes in Operating Assets and Liabilities, net	-6.28	21	-24	5.23	16	7.78	10	-21	-24	15	-7.08
Net Cash From Investing Activities	-218	-9.81	-2.38	-6.35	-14	-33	-1.52	-19	-7.00	-54	-298
Net Cash From Continuing Investing Activities	-218	-9.81	-2.38	-6.35	5.82	-33	-1.52	-19	-7.00	-54	-298
Purchase of Property, Plant & Equipment	-9.04	-9.89	-8.22	-6.43	0.00	-9.89	-5.48	-9.40	-8.83	-12	-14
Acquisitions	-209	-	-	0.00	0.00	-29	0.00	-17	0.00	-10	-320
Purchase of Investments	-2.94	-	-	0.00	-	-	-	-	0.00	-60	-131
Sale of Property, Plant & Equipment	0.07	0.08	5.84	0.08	0.08	5.81	3.96	7.33	1.83	6.04	0.88
Divestitures	-	-	-	-	2.18	-	-	-	0.00	5.06	0.00
Sale and/or Maturity of Investments	0.00	2.82	2.16	0.00	2.70	-	-	-	0.00	20	168
Other Investing Activities, net	2.94	-2.82	-2.16	0.00	0.87	-	-	-	0.00	-2.15	-0.79
Net Cash From Financing Activities	212	-49	-47	-24	-12	25	-32	-8.40	-21	-39	206
Net Cash From Continuing Financing Activities	212	-49	-47	-24	9.28	25	-32	-8.40	-21	-39	206
Repayment of Debt	-23	-58	-44	-152	-17	-15	-29	-120	-18	-40	-17
Repurchase of Common Equity	-	-	-	-	0.00	-0.45	-	0.00	-0.35	-0.11	-16
Payment of Dividends	-3.16	-3.24	-3.25	-3.28	-3.30	-3.35	-3.36	-3.38	-3.41	-3.49	-3.45
Issuance of Debt	238	13	0.00	131	7.50	44	0.00	115	0.00	5.00	243
Other Net Changes in Cash	-	-	-	-	0.46	1.79	0.20	-0.54	-	2.89	-3.55
Cash Interest Paid	3.21	6.15	4.84	4.35	4.78	4.85	4.13	2.14	3.37	4.73	5.80
Cash Income Taxes Paid	4.69	0.58	2.46	0.76	7.48	4.69	2.65	2.87	15	25	23

This table details how cash moves in and out of Bel Fuse's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	5.07	-0.63	7.57	-13	35	-11	-18	14	49	-66
Net Cash From Operating Activities	13	16	17	24	41	27	6.15	32	27	8.34
Net Cash From Continuing Operating Activities	13	16	17	24	41	27	6.15	32	27	8.34
Net Income / (Loss) Continuing Operations	17	14	15	28	19	12	16	19	8.08	6.43
Consolidated Net Income / (Loss)	17	14	15	28	19	12	16	19	8.08	6.43
Depreciation Expense	3.29	3.26	3.24	3.34	3.39	3.35	3.68	3.44	3.64	5.70
Amortization Expense	-	-	0.03	-	-	-	0.03	0.00	-	0.12
Non-Cash Adjustments To Reconcile Net Income	-3.21	-2.52	4.74	-3.28	-2.33	7.02	3.73	5.23	3.21	3.17
Changes in Operating Assets and Liabilities, net	-3.70	1.41	-5.75	-4.01	20	4.52	-17	4.72	12	-7.08
Net Cash From Investing Activities	-0.32	-3.22	-14	7.09	-4.45	-42	-16	-10	25	-297
Net Cash From Continuing Investing Activities	-0.32	-3.22	-14	7.09	-4.45	-42	-16	-10	25	-297
Purchase of Property, Plant & Equipment	-2.07	-3.22	-3.76	-3.32	-2.58	-2.47	-2.93	-1.35	-3.63	-6.20
Acquisitions	-	-	-9.98	-	-	-0.31	0.00	-	-	-320
Sale of Property, Plant & Equipment	1.75	-	0.03	5.21	0.16	0.63	0.19	0.04	0.01	0.65
Sale and/or Maturity of Investments	-	-	0.00	-	-	20	30	71	38	29
Other Investing Activities, net	-	-	0.00	-	-1.91	-0.25	-0.49	-0.14	-0.29	0.13
Net Cash From Financing Activities	-3.32	-16	4.17	-41	-0.83	-1.11	-7.12	-8.73	-3.02	225
Net Cash From Continuing Financing Activities	-3.32	-16	4.17	-41	-0.83	-1.11	-7.12	-8.73	-3.02	225
Repayment of Debt	-2.50	-15	-	-	-	-	-	-	-0.33	-16
Payment of Dividends	-0.82	-0.94	-0.83	-0.83	-0.83	-1.00	-0.84	-0.84	-0.81	-0.97
Issuance of Debt	-	-	5.00	-	-	-	0.00	-	-	243
Cash Interest Paid	1.02	1.24	1.42	1.35	0.98	0.99	0.98	1.00	1.03	2.79
Cash Income Taxes Paid	2.88	7.12	0.98	9.38	7.79	6.91	0.98	7.30	7.28	7.40

This table presents Bel Fuse's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	635	579	427	431	-	469	454	512	560	572	950
Total Current Assets	311	280	255	266	291	283	280	329	381	381	374
Cash & Equivalents	77	85	73	69	54	72	85	62	70	89	68
Short-Term Investments	-	-	-	-	-	-	-	-	0.00	38	0.95
Accounts Receivable	100	86	74	79	108	92	86	115	126	97	116
Inventories, net	114	99	99	108	120	107	100	139	172	137	161
Other Current Assets	20	11	8.74	10	8.79	11	9.64	12	13	21	27
Plant, Property, & Equipment, net	69	58	49	43	44	42	35	38	37	37	48
Total Noncurrent Assets	256	240	123	122	-	144	139	145	142	154	528
Long-Term Investments	-	-	-	-	-	-	-	-	0.00	10	9.27
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	0.00	2.15	2.94
Goodwill	118	122	18	20	-	22	24	27	25	27	208
Intangible Assets	96	88	75	69	63	72	66	61	54	49	232
Noncurrent Deferred & Refundable Income Taxes	7.93	3.44	3.41	4.16	0.50	3.73	5.71	4.46	7.28	12	16
Other Noncurrent Operating Assets	34	28	26	28	26	46	44	53	56	54	60
Total Liabilities & Shareholders' Equity	635	579	427	431	444	469	454	512	560	572	950
Total Liabilities	411	345	268	273	267	301	268	303	298	231	509
Total Current Liabilities	122	122	92	87	106	90	88	112	136	111	128
Accounts Payable	62	50	47	48	56	44	40	66	65	40	49
Accrued Expenses	43	38	32	31	32	27	28	34	51	55	53
Other Current Liabilities	3.85	8.96	2.15	6.20	15	14	14	12	21	16	26
Total Noncurrent Liabilities	289	224	176	186	-	211	181	191	162	120	381
Long-Term Debt	219	159	130	120	112	138	110	113	95	60	292
Noncurrent Deferred & Payable Income Tax Liabilities	56	49	29	30	29	29	27	30	26	21	47
Noncurrent Employee Benefit Liabilities	14	16	17	19	19	22	25	24	19	20	18
Other Noncurrent Operating Liabilities	0.45	0.57	0.31	17	1.92	22	18	25	22	19	23
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	-	0.00	81
Total Equity & Noncontrolling Interests	224	233	158	158	-	168	186	209	262	341	361
Total Preferred & Common Equity	224	233	158	158	-	168	186	209	262	341	361
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	224	233	158	158	-	168	186	209	262	341	361
Common Stock	23	26	28	30	31	35	37	40	42	46	33
Retained Earnings	213	229	161	148	169	157	166	188	237	308	345
Accumulated Other Comprehensive Income / (Loss)	-12	-22	-31	-20	-25	-24	-18	-19	-17	-12	-17
Other Equity Adjustments	-	-	-	-	-	-	-	-	-0.35	-0.45	0.00

This table presents Bel Fuse's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	554	575	552	559	555	568	584
Total Current Assets	377	383	354	363	364	376	388
Cash & Equivalents	71	78	65	100	71	85	134
Short-Term Investments	-	-	-	-	50	59	30
Accounts Receivable	132	124	120	94	93	87	81
Inventories, net	164	166	157	140	130	128	125
Other Current Assets	10	15	12	29	20	17	18
Plant, Property, & Equipment, net	35	38	38	38	36	35	37
Total Noncurrent Assets	141	153	160	158	152	157	160
Long-Term Investments	-	9.98	11	9.98	10	9.94	10
Noncurrent Note & Lease Receivables	-	1.96	1.96	1.91	0.00	2.79	3.07
Goodwill	24	25	26	25	25	25	27
Intangible Assets	55	53	52	51	48	47	46
Noncurrent Deferred & Refundable Income Taxes	8.97	8.36	10	12	13	15	17
Other Noncurrent Operating Assets	54	55	58	58	56	57	58
Total Liabilities & Shareholders' Equity	554	575	552	559	555	568	584
Total Liabilities	318	296	248	238	209	211	217
Total Current Liabilities	137	130	127	118	87	90	97
Accounts Payable	66	60	52	44	33	36	37
Accrued Expenses	43	48	56	55	37	39	42
Other Current Liabilities	28	22	19	18	17	14	18
Total Noncurrent Liabilities	181	167	121	120	122	121	120
Long-Term Debt	110	100	60	60	60	60	60
Noncurrent Deferred & Payable Income Tax Liabilities	25	26	21	21	21	20	20
Noncurrent Employee Benefit Liabilities	24	19	19	19	20	20	20
Other Noncurrent Operating Liabilities	21	22	22	20	21	22	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	236	278	304	321	347	356	367
Total Preferred & Common Equity	236	278	304	321	347	356	367
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	236	278	304	321	347	356	367
Common Stock	41	43	44	45	46	47	48
Retained Earnings	224	251	278	296	323	340	348
Accumulated Other Comprehensive Income / (Loss)	-29	-15	-17	-19	-15	-17	-12
Other Equity Adjustments	-	-0.35	-0.35	-	-6.74	-15	-17

This table displays calculated financial ratios and metrics derived from Bel Fuse's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	39.49%	16.43%	-11.80%	-1.71%	-69.58%	229.32%	-5.41%	16.69%	20.38%	-2.20%	-16.41%
EBITDA Growth	24.67%	53.57%	-199.79%	174.48%	-27.95%	-46.89%	125.15%	44.39%	57.36%	26.75%	-20.51%
EBIT Growth	-12.07%	112.29%	-367.52%	121.49%	75.94%	-106.41%	1,010.57%	82.85%	101.69%	35.64%	-27.61%
NOPAT Growth	-24.84%	79.86%	-351.02%	59.95%	210.17%	-104.72%	1,862.71%	44.26%	104.72%	34.16%	-34.37%
Net Income Growth	-45.92%	123.14%	-437.73%	81.65%	100.00%	0.00%	246.35%	93.99%	112.28%	40.13%	-33.37%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-182.08%	242.25%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	104.24%	204.42%	-41.32%	-37.52%	-58.14%	142.15%	88.58%	-89.95%	769.11%	169.14%	-31.64%
Free Cash Flow Firm Growth	-517.00%	136.69%	-25.43%	-112.51%	377.32%	-231.44%	280.75%	-134.32%	308.29%	233.14%	-434.97%
Invested Capital Growth	112.66%	-12.67%	-31.77%	-6.62%	2.68%	10.38%	-9.62%	19.89%	10.63%	-8.26%	148.78%
Revenue Q/Q Growth	13.42%	-2.31%	-3.23%	0.29%	-71.54%	305.75%	0.22%	6.05%	3.49%	-4.36%	1.88%
EBITDA Q/Q Growth	-2.13%	1.41%	4.31%	-15.20%	-33.94%	76.91%	40.63%	12.21%	9.46%	-5.76%	-2.99%
EBIT Q/Q Growth	-26.16%	8.65%	3.56%	-31.58%	28.17%	-117.50%	140.59%	20.37%	14.31%	-6.70%	-7.37%
NOPAT Q/Q Growth	-26.30%	4.73%	3.56%	-227.88%	498.68%	-143.22%	43.38%	18.44%	10.21%	0.01%	-7.25%
Net Income Q/Q Growth	-39.53%	6.20%	0.74%	-196.99%	100.00%	54.17%	23.41%	19.51%	35.87%	-2.64%	-10.23%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	359.09%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-7.86%	38.76%	-19.31%	-7.26%	-28.35%	-1.63%	14.44%	-51.88%	32.36%	11.00%	-20.06%
Free Cash Flow Firm Q/Q Growth	1.20%	40.87%	-8.06%	-130.21%	750.99%	-229.24%	383.70%	-294.21%	7.72%	24.17%	-567.67%
Invested Capital Q/Q Growth	-0.72%	-6.21%	-6.39%	-10.85%	-7.23%	9.77%	-2.96%	3.49%	4.34%	-2.89%	158.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.93%	19.19%	19.98%	20.82%	-173.48%	22.33%	25.71%	24.73%	28.04%	33.74%	37.84%
EBITDA Margin	7.09%	9.35%	-10.58%	8.02%	18.99%	3.06%	7.29%	9.02%	11.79%	15.29%	14.54%
Operating Margin	2.77%	5.04%	-15.30%	3.54%	18.02%	-0.32%	4.01%	5.75%	9.96%	13.75%	12.02%
EBIT Margin	2.77%	5.04%	-15.30%	3.35%	19.35%	-0.38%	3.62%	5.68%	9.52%	13.20%	11.43%
Profit (Net Income) Margin	1.77%	3.39%	-12.96%	-2.42%	0.00%	-1.78%	2.75%	4.57%	8.05%	11.54%	9.20%
Tax Burden Percent	88.06%	74.60%	78.54%	-123.37%	0.00%	119.73%	105.43%	90.83%	89.21%	88.63%	79.59%
Interest Burden Percent	72.52%	89.97%	107.89%	58.64%	81.62%	393.85%	71.89%	88.53%	94.86%	98.63%	101.11%
Effective Tax Rate	11.94%	25.40%	0.00%	223.37%	12.31%	0.00%	-5.43%	9.17%	10.79%	11.37%	20.41%
Return on Invested Capital (ROIC)	4.25%	6.00%	-19.20%	-9.80%	11.04%	-0.49%	8.63%	11.93%	21.27%	28.33%	11.14%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.94%	4.31%	-32.76%	5.96%	-6.45%	-5.78%	-4.86%	3.16%	6.88%	44.13%	8.25%
Return on Net Nonoperating Assets (RNNOA)	-0.45%	2.40%	-13.92%	2.28%	-11.04%	-9.92%	-1.40%	0.65%	1.10%	-3.84%	1.44%
Return on Equity (ROE)	3.80%	8.39%	-33.12%	-7.52%	0.00%	-10.41%	7.23%	12.58%	22.37%	24.49%	12.59%
Cash Return on Invested Capital (CROIC)	-67.81%	19.53%	18.57%	-2.96%	8.39%	-10.35%	18.73%	-6.16%	11.17%	36.95%	-74.17%
Operating Return on Assets (OROA)	2.86%	4.71%	-15.22%	3.83%	13.42%	-0.79%	3.66%	6.39%	11.61%	14.92%	8.04%
Return on Assets (ROA)	1.82%	3.16%	-12.90%	-2.77%	0.00%	-3.73%	2.77%	5.14%	9.83%	13.04%	6.47%
Return on Common Equity (ROCE)	3.80%	8.39%	-33.12%	-7.52%	0.00%	-10.41%	7.23%	12.58%	22.37%	24.49%	11.29%
Return on Equity Simple (ROE_SIMPLE)	3.84%	8.23%	-40.92%	-7.53%	0.00%	-5.20%	6.89%	11.89%	20.08%	21.68%	13.64%
Net Operating Profit after Tax (NOPAT)	12	21	-54	-21	24	-1.12	20	28	58	78	51
NOPAT Margin	2.44%	3.76%	-10.71%	-4.36%	15.80%	-0.23%	4.23%	5.22%	8.88%	12.19%	9.57%
Net Nonoperating Expense Percent (NNEP)	6.19%	1.68%	13.56%	-15.77%	17.49%	5.29%	13.49%	8.77%	14.39%	-15.80%	2.90%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	16.26%	19.47%	7.84%
Cost of Revenue to Revenue	82.07%	80.81%	80.02%	79.18%	273.48%	77.67%	74.29%	75.27%	71.96%	66.26%	62.16%
SG&A Expenses to Revenue	14.79%	13.75%	14.20%	17.22%	55.24%	15.72%	16.90%	15.94%	14.11%	15.49%	20.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	19.72%	5.47%	5.07%	4.03%	3.09%	3.51%	4.41%
Operating Expenses to Revenue	15.17%	14.15%	35.27%	17.28%	75.11%	22.66%	21.70%	18.97%	18.08%	19.99%	25.82%
Earnings before Interest and Taxes (EBIT)	13	29	-77	16	29	-1.85	17	31	62	84	61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	53	-53	39	28	15	34	49	77	98	78
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.12	0.67	1.72	1.52	0.89	1.12	0.85	0.87	1.52	2.41	3.13
Price to Tangible Book Value (P/TBV)	24.09	6.56	4.16	3.50	1.38	2.54	1.65	1.51	2.17	3.11	0.00
Price to Revenue (P/Rev)	0.51	0.27	0.55	0.49	1.04	0.38	0.34	0.34	0.61	1.29	2.11
Price to Earnings (P/E)	29.13	8.08	0.00	0.00	0.00	0.00	12.37	7.35	7.55	11.14	27.57
Dividend Yield	1.14%	1.84%	1.05%	1.20%	1.89%	1.96%	1.87%	1.63%	0.78%	0.39%	0.27%
Earnings Yield	3.43%	12.38%	0.00%	0.00%	0.00%	0.00%	8.08%	13.61%	13.25%	8.98%	3.63%
Enterprise Value to Invested Capital (EV/IC)	1.07	0.76	1.51	1.39	1.00	1.08	0.87	0.90	1.47	2.83	2.17
Enterprise Value to Revenue (EV/Rev)	0.83	0.45	0.68	0.60	1.44	0.53	0.41	0.43	0.65	1.16	2.66
Enterprise Value to EBITDA (EV/EBITDA)	11.76	4.78	0.00	7.43	7.60	17.17	5.56	4.75	5.48	7.62	18.32
Enterprise Value to EBIT (EV/EBIT)	30.14	8.87	0.00	17.82	7.46	0.00	11.19	7.55	6.79	8.82	23.29
Enterprise Value to NOPAT (EV/NOPAT)	34.23	11.89	0.00	0.00	9.14	0.00	9.60	8.21	7.27	9.56	27.83
Enterprise Value to Operating Cash Flow (EV/OCF)	18.79	3.86	8.83	12.15	21.38	10.59	4.10	50.33	10.49	6.88	19.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.65	6.58	0.00	12.01	0.00	4.42	0.00	13.84	7.33	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.04	0.79	0.89	0.78	0.00	0.86	0.62	0.54	0.36	0.18	0.66
Long-Term Debt to Equity	0.98	0.68	0.82	0.76	0.00	0.82	0.59	0.54	0.36	0.18	0.66
Financial Leverage	0.23	0.56	0.42	0.38	1.71	1.72	0.29	0.21	0.16	-0.09	0.18
Leverage Ratio	2.08	2.65	2.57	2.71	2.73	2.79	2.61	2.45	2.28	1.88	1.95
Compound Leverage Factor	1.51	2.39	2.77	1.59	2.23	10.99	1.87	2.17	2.16	1.85	1.97
Debt to Total Capital	50.91%	44.05%	47.13%	43.72%	100.00%	46.10%	38.35%	35.02%	26.58%	14.98%	39.87%
Short-Term Debt to Total Capital	2.94%	5.95%	3.80%	0.94%	2.20%	1.76%	1.75%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	47.97%	38.11%	43.33%	42.78%	97.80%	44.33%	36.60%	35.02%	26.58%	14.98%	39.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.98%
Common Equity to Total Capital	49.09%	55.95%	52.87%	56.28%	0.00%	53.90%	61.65%	64.98%	73.42%	85.02%	49.15%
Debt to EBITDA	6.74	3.46	-2.67	3.11	4.02	9.53	3.40	2.29	1.23	0.61	3.76
Net Debt to EBITDA	4.50	1.86	-1.28	1.35	2.12	4.73	0.90	1.03	0.32	-0.79	2.75
Long-Term Debt to EBITDA	6.35	2.99	-2.45	3.05	3.93	9.16	3.25	2.29	1.23	0.61	3.76
Debt to NOPAT	19.61	8.60	-2.64	-5.72	4.83	-128.71	5.87	3.96	1.63	0.77	5.72
Net Debt to NOPAT	13.11	4.62	-1.27	-2.49	2.55	-63.96	1.56	1.79	0.43	-0.99	4.18
Long-Term Debt to NOPAT	18.48	7.44	-2.42	-5.60	4.73	-123.79	5.60	3.96	1.63	0.77	5.72
Altman Z-Score	2.03	2.30	2.18	2.77	0.00	2.37	2.53	2.64	3.45	5.06	2.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.55	2.30	2.77	3.05	2.74	3.14	3.20	2.94	2.80	3.45	2.92
Quick Ratio	1.45	1.41	1.60	1.70	1.52	1.83	1.95	1.58	1.44	2.02	1.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-189	69	52	-6.48	18	-24	43	-15	31	102	-341
Operating Cash Flow to CapEx	240.74%	670.36%	1,619.25%	379.90%	0.00%	598.68%	3,043.43%	224.09%	575.18%	1,779.13%	560.03%
Free Cash Flow to Firm to Interest Expense	-47.59	9.15	7.78	-0.95	3.38	-4.34	9.00	-4.14	9.03	35.68	-83.54
Operating Cash Flow to Interest Expense	5.43	8.67	5.79	3.55	1.90	4.49	9.72	1.31	11.91	38.02	18.16
Operating Cash Flow Less CapEx to Interest Expense	3.18	7.38	5.44	2.61	1.91	3.74	9.40	0.72	9.84	35.88	14.92
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.03	0.93	1.00	1.15	0.69	2.10	1.01	1.13	1.22	1.13	0.70
Accounts Receivable Turnover	5.96	6.10	6.23	6.42	1.60	4.92	5.24	5.41	5.43	5.75	5.01
Inventory Turnover	4.35	4.32	4.06	3.77	3.59	3.36	3.34	3.42	3.02	2.74	2.23
Fixed Asset Turnover	8.84	8.94	9.40	10.66	3.42	11.47	12.19	14.95	17.44	17.44	12.67
Accounts Payable Turnover	8.74	8.20	8.25	8.18	7.86	7.62	8.24	7.74	7.21	8.07	7.42
Days Sales Outstanding (DSO)	61.24	59.82	58.63	56.88	227.69	74.18	69.71	67.47	67.21	63.45	72.79
Days Inventory Outstanding (DIO)	83.85	84.49	90.00	96.86	101.66	108.49	109.39	106.85	120.89	133.01	163.55
Days Payable Outstanding (DPO)	41.75	44.49	44.24	44.62	46.47	47.88	44.27	47.17	50.61	45.21	49.20
Cash Conversion Cycle (CCC)	103.34	99.81	104.39	109.11	282.88	134.79	134.83	127.14	137.49	151.25	187.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	380	332	226	211	217	239	216	259	287	263	655
Invested Capital Turnover	1.74	1.59	1.79	2.25	0.70	2.16	2.04	2.28	2.39	2.32	1.16
Increase / (Decrease) in Invested Capital	201	-48	-105	-15	5.66	23	-23	43	28	-24	392
Enterprise Value (EV)	406	254	341	293	216	259	189	233	422	745	1,424
Market Capitalization	251	155	273	240	156	188	158	182	398	822	1,129
Book Value per Share	$18.88	$19.61	$13.28	$13.13	$0.00	$13.69	$15.03	$16.83	$21.02	$26.66	$28.74
Tangible Book Value per Share	$0.88	$1.99	$5.50	$5.69	$0.00	$6.00	$7.77	$9.76	$14.67	$20.71	($6.33)
Total Capital	457	417	300	281	114	312	301	321	357	401	734
Total Debt	233	184	141	123	114	144	116	113	95	60	292
Total Long-Term Debt	219	159	130	120	112	138	110	113	95	60	292
Net Debt	155	99	68	53	60	71	31	51	25	-77	214
Capital Expenditures (CapEx)	8.98	9.81	2.38	6.35	-0.08	4.08	1.52	2.07	7.00	6.09	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	125	98	101	112	133	126	113	155	175	144	176
Debt-free Net Working Capital (DFNWC)	202	183	175	181	187	198	198	217	245	271	245
Net Working Capital (NWC)	189	159	163	179	184	193	193	217	245	271	245
Net Nonoperating Expense (NNE)	3.26	2.14	11	-9.55	24	7.63	6.89	3.57	5.43	4.14	1.98
Net Nonoperating Obligations (NNO)	155	99	68	53	217	71	31	51	25	-77	214
Total Depreciation and Amortization (D&A)	21	24	24	23	-0.53	17	17	18	15	13	17
Debt-free, Cash-free Net Working Capital to Revenue	25.70%	17.34%	20.21%	22.80%	89.00%	25.62%	24.27%	28.56%	26.72%	22.50%	32.96%
Debt-free Net Working Capital to Revenue	41.53%	32.34%	34.89%	36.91%	125.05%	40.30%	42.50%	39.93%	37.46%	42.34%	45.90%
Net Working Capital to Revenue	38.77%	27.97%	32.61%	36.37%	123.38%	39.19%	41.37%	39.93%	37.46%	42.34%	45.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.71)	$2.02	$3.92	$8.25	$11.35	$6.38
Adjusted Weighted Average Basic Shares Outstanding	11.86M	11.88M	12.03M	12.03M	12.26M	12.27M	12.35M	12.52M	12.54M	12.78M	12.62M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.71)	$2.02	$3.92	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	11.86M	11.88M	12.03M	12.03M	12.26M	12.27M	12.35M	12.52M	12.78M	12.76M	12.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.71)	$2.02	$3.92	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.86M	11.88M	12.03M	12.03M	12.26M	10.12M	12.33M	12.40M	12.78M	12.76M	12.54M
Normalized Net Operating Profit after Tax (NOPAT)	13	23	20	12	24	3.94	12	24	63	84	54
Normalized NOPAT Margin	2.76%	4.06%	4.05%	2.52%	15.93%	0.80%	2.62%	4.33%	9.66%	13.06%	10.14%
Pre Tax Income Margin	2.01%	4.54%	-16.51%	1.96%	15.79%	-1.48%	2.61%	5.03%	9.03%	13.02%	11.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.39	3.77	-11.48	2.42	5.44	-0.34	3.56	8.72	18.43	29.63	14.99
NOPAT to Interest Expense	2.98	2.81	-8.04	-3.15	4.44	-0.20	4.15	8.02	17.20	27.36	12.55
EBIT Less CapEx to Interest Expense	1.13	2.48	-11.84	1.48	5.46	-1.09	3.24	8.13	16.35	27.50	11.75
NOPAT Less CapEx to Interest Expense	0.73	1.52	-8.40	-4.09	4.46	-0.95	3.83	7.43	15.13	25.22	9.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.73%	16.87%	-5.01%	-27.58%	0.00%	-38.34%	26.28%	13.61%	6.48%	4.73%	7.02%
Augmented Payout Ratio	36.73%	16.87%	-5.01%	-27.58%	0.00%	-43.46%	26.28%	13.61%	7.14%	4.87%	39.65%

This table displays calculated financial ratios and metrics derived from Bel Fuse's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.94%	14.99%	26.06%	-1.05%	-10.72%	-17.25%	-25.68%	-21.08%	-22.08%	7.03%
EBITDA Growth	82.64%	44.96%	96.39%	65.25%	11.04%	-26.95%	2.19%	-18.86%	-50.28%	-4.44%
EBIT Growth	149.45%	74.56%	168.07%	87.14%	12.25%	-32.27%	0.30%	-21.46%	-58.31%	-25.65%
NOPAT Growth	149.06%	60.60%	147.13%	39.04%	13.66%	0.27%	-8.83%	-33.22%	-58.78%	-26.60%
Net Income Growth	188.59%	10,867.97%	187.76%	63.02%	17.52%	-14.27%	8.93%	-32.29%	-58.45%	-46.56%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	6,083.25%	155.09%	317.28%	26.08%	215.48%	66.32%	-63.47%	35.15%	-32.85%	-69.01%
Free Cash Flow Firm Growth	67.24%	61.83%	103.75%	226.57%	455.31%	396.57%	1,825.54%	267.22%	8.12%	-1,092.19%
Invested Capital Growth	9.73%	10.63%	4.93%	5.78%	-1.43%	-8.26%	-6.13%	-8.93%	-6.51%	148.78%
Revenue Q/Q Growth	4.20%	-4.80%	1.86%	-2.07%	-5.98%	-11.77%	-8.51%	3.99%	-7.18%	21.21%
EBITDA Q/Q Growth	30.57%	-13.72%	5.55%	37.84%	-12.26%	-43.24%	34.35%	9.46%	-46.24%	9.09%
EBIT Q/Q Growth	43.53%	-15.67%	6.48%	43.81%	-13.91%	-49.11%	39.98%	12.61%	-54.31%	-9.24%
NOPAT Q/Q Growth	-11.87%	-17.02%	4.30%	82.27%	-27.96%	-26.79%	-5.15%	33.51%	-55.54%	30.35%
Net Income Q/Q Growth	-2.88%	-15.16%	3.80%	90.61%	-29.98%	-38.11%	31.89%	18.47%	-57.04%	-20.40%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-31.60%	25.27%	4.00%	41.50%	71.15%	-33.96%	-77.16%	423.48%	-14.97%	-69.52%
Free Cash Flow Firm Q/Q Growth	29.25%	-91.83%	112.71%	633.43%	98.62%	60.12%	-17.45%	39.87%	-41.52%	-1,569.33%
Invested Capital Q/Q Growth	0.91%	4.34%	1.10%	-0.63%	-5.97%	-2.89%	3.46%	-3.59%	-3.48%	158.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.99%	30.93%	31.14%	32.91%	34.95%	36.56%	37.53%	40.09%	36.14%	37.51%
EBITDA Margin	14.02%	12.71%	13.28%	18.69%	17.44%	11.22%	18.25%	19.21%	11.13%	10.02%
Operating Margin	12.41%	10.76%	11.39%	16.21%	15.45%	11.76%	13.94%	16.98%	9.26%	8.26%
EBIT Margin	12.17%	10.78%	11.38%	16.71%	15.30%	8.83%	15.36%	16.63%	8.19%	6.13%
Profit (Net Income) Margin	9.31%	8.30%	8.46%	16.46%	12.26%	8.60%	12.39%	14.12%	6.54%	4.29%
Tax Burden Percent	79.99%	80.45%	77.78%	101.75%	81.82%	89.16%	78.00%	82.18%	72.22%	87.10%
Interest Burden Percent	95.64%	95.66%	95.53%	96.78%	97.89%	109.25%	103.46%	103.30%	110.53%	80.39%
Effective Tax Rate	20.01%	19.55%	22.22%	-1.75%	18.18%	10.84%	22.00%	17.82%	27.78%	12.90%
Return on Invested Capital (ROIC)	23.87%	20.72%	21.57%	40.45%	30.95%	24.38%	23.01%	28.37%	13.38%	8.37%
ROIC Less NNEP Spread (ROIC-NNEP)	21.42%	19.12%	19.66%	40.04%	41.91%	34.47%	16.73%	27.98%	13.61%	2.02%
Return on Net Nonoperating Assets (RNNOA)	4.40%	3.06%	2.93%	2.31%	-0.83%	-3.00%	-1.66%	-4.65%	-3.24%	0.35%
Return on Equity (ROE)	28.27%	23.78%	24.50%	42.76%	30.12%	21.38%	21.35%	23.72%	10.14%	8.73%
Cash Return on Invested Capital (CROIC)	10.78%	11.17%	18.84%	21.33%	29.98%	36.95%	33.42%	33.64%	27.76%	-74.17%
Operating Return on Assets (OROA)	14.78%	13.16%	14.34%	21.01%	18.40%	9.98%	16.19%	16.63%	7.52%	4.31%
Return on Assets (ROA)	11.30%	10.12%	10.66%	20.69%	14.74%	9.72%	13.06%	14.12%	6.00%	3.02%
Return on Common Equity (ROCE)	28.27%	23.78%	24.50%	42.76%	30.12%	21.38%	21.35%	23.72%	10.14%	7.83%
Return on Equity Simple (ROE_SIMPLE)	16.43%	0.00%	22.37%	23.95%	23.59%	0.00%	21.67%	18.56%	14.92%	0.00%
Net Operating Profit after Tax (NOPAT)	18	15	15	28	20	15	14	19	8.27	11
NOPAT Margin	9.93%	8.65%	8.86%	16.49%	12.64%	10.49%	10.87%	13.96%	6.69%	7.19%
Net Nonoperating Expense Percent (NNEP)	2.45%	1.60%	1.91%	0.42%	-10.96%	-10.09%	6.28%	0.39%	-0.23%	6.35%
Return On Investment Capital (ROIC_SIMPLE)	-	4.10%	-	-	-	3.67%	-	-	-	1.65%
Cost of Revenue to Revenue	71.01%	69.07%	68.86%	67.09%	65.05%	63.44%	62.47%	59.91%	63.86%	62.49%
SG&A Expenses to Revenue	12.50%	14.85%	14.68%	14.89%	14.95%	17.82%	19.47%	18.12%	21.60%	23.24%
R&D to Revenue	2.74%	3.36%	3.03%	3.56%	3.34%	4.26%	4.07%	4.50%	4.40%	4.63%
Operating Expenses to Revenue	16.58%	20.18%	19.74%	16.70%	19.51%	24.80%	23.60%	23.10%	26.88%	29.25%
Earnings before Interest and Taxes (EBIT)	22	18	20	28	24	12	20	22	10	9.19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	25	22	23	32	28	16	23	26	14	15
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.46	1.52	1.66	2.42	1.86	2.41	2.60	2.86	3.39	3.13
Price to Tangible Book Value (P/TBV)	2.19	2.17	2.31	3.25	2.44	3.11	3.30	3.59	4.23	0.00
Price to Revenue (P/Rev)	0.55	0.61	0.67	1.07	0.89	1.29	1.51	1.82	2.38	2.11
Price to Earnings (P/E)	7.40	7.55	7.42	10.11	7.88	11.14	12.00	15.42	22.76	27.57
Dividend Yield	0.87%	0.78%	0.72%	0.45%	0.56%	0.39%	0.34%	0.30%	0.24%	0.27%
Earnings Yield	13.52%	13.25%	13.48%	9.89%	12.69%	8.98%	8.33%	6.48%	4.39%	3.63%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.47	1.63	2.50	2.02	2.83	3.05	3.53	4.47	2.17
Enterprise Value to Revenue (EV/Rev)	0.61	0.65	0.69	1.05	0.82	1.16	1.39	1.65	2.16	2.66
Enterprise Value to EBITDA (EV/EBITDA)	5.45	5.48	5.35	7.14	5.28	7.62	8.30	9.85	14.14	18.32
Enterprise Value to EBIT (EV/EBIT)	7.05	6.79	6.34	8.21	6.05	8.82	9.63	11.56	17.17	23.29
Enterprise Value to NOPAT (EV/NOPAT)	7.29	7.27	7.06	9.54	7.02	9.56	10.89	13.84	20.54	27.83
Enterprise Value to Operating Cash Flow (EV/OCF)	12.63	10.49	7.30	10.34	5.61	6.88	8.50	8.74	12.23	19.23
Enterprise Value to Free Cash Flow (EV/FCFF)	13.56	13.84	8.87	12.05	6.69	7.33	8.83	10.00	15.56	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.36	0.36	0.20	0.19	0.18	0.17	0.17	0.16	0.66
Long-Term Debt to Equity	0.47	0.36	0.36	0.20	0.19	0.18	0.17	0.17	0.16	0.66
Financial Leverage	0.21	0.16	0.15	0.06	-0.02	-0.09	-0.10	-0.17	-0.24	0.18
Leverage Ratio	2.39	2.28	2.22	2.06	2.00	1.88	1.81	1.69	1.66	1.95
Compound Leverage Factor	2.28	2.18	2.12	2.00	1.95	2.05	1.87	1.75	1.84	1.56
Debt to Total Capital	31.79%	26.58%	26.45%	16.46%	15.73%	14.98%	14.75%	14.41%	14.04%	39.87%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	31.79%	26.58%	26.45%	16.46%	15.73%	14.98%	14.75%	14.41%	14.04%	39.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.98%
Common Equity to Total Capital	68.21%	73.42%	73.55%	83.54%	84.27%	85.02%	85.25%	85.59%	85.96%	49.15%
Debt to EBITDA	1.56	1.23	1.13	0.59	0.58	0.61	0.60	0.64	0.75	3.76
Net Debt to EBITDA	0.55	0.32	0.14	-0.16	-0.48	-0.79	-0.72	-1.00	-1.42	2.75
Long-Term Debt to EBITDA	1.56	1.23	1.13	0.59	0.58	0.61	0.60	0.64	0.75	3.76
Debt to NOPAT	2.09	1.63	1.49	0.79	0.77	0.77	0.79	0.90	1.09	5.72
Net Debt to NOPAT	0.74	0.43	0.18	-0.21	-0.64	-0.99	-0.94	-1.40	-2.06	4.18
Long-Term Debt to NOPAT	2.09	1.63	1.49	0.79	0.77	0.77	0.79	0.90	1.09	5.72
Altman Z-Score	3.01	3.19	3.39	4.40	4.12	4.65	5.20	5.46	5.83	2.75
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.75	2.80	2.95	2.79	3.08	3.45	4.21	4.19	4.00	2.92
Quick Ratio	1.48	1.44	1.55	1.46	1.65	2.02	2.47	2.57	2.53	1.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6.75	-13	1.65	12	24	38	32	44	26	-381
Operating Cash Flow to CapEx	4,038.44%	502.73%	450.62%	0.00%	1,688.86%	1,468.05%	224.70%	2,453.81%	756.03%	150.21%
Free Cash Flow to Firm to Interest Expense	-7.15	-13.38	1.68	13.30	46.85	85.92	73.05	106.86	62.64	-135.37
Operating Cash Flow to Interest Expense	13.69	16.72	17.13	26.23	79.63	60.23	14.17	77.58	66.13	2.96
Operating Cash Flow Less CapEx to Interest Expense	13.35	13.40	13.33	28.32	74.91	56.13	7.86	74.41	57.38	0.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.21	1.22	1.26	1.26	1.20	1.13	1.05	1.00	0.92	0.70
Accounts Receivable Turnover	5.14	5.43	5.79	5.68	5.92	5.75	5.50	5.41	5.98	5.01
Inventory Turnover	3.15	3.02	3.03	2.99	2.97	2.74	2.60	2.47	2.47	2.23
Fixed Asset Turnover	17.86	17.44	18.14	18.46	18.22	17.44	15.98	15.23	14.01	12.67
Accounts Payable Turnover	7.45	7.21	7.80	7.80	8.21	8.07	8.28	7.98	8.08	7.42
Days Sales Outstanding (DSO)	71.00	67.21	63.03	64.24	61.67	63.45	66.39	67.53	61.04	72.79
Days Inventory Outstanding (DIO)	115.79	120.89	120.38	122.13	122.90	133.01	140.33	147.92	147.56	163.55
Days Payable Outstanding (DPO)	49.00	50.61	46.80	46.79	44.48	45.21	44.08	45.73	45.19	49.20
Cash Conversion Cycle (CCC)	137.79	137.49	136.62	139.58	140.08	151.25	162.64	169.72	163.41	187.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	275	287	290	288	271	263	272	263	254	655
Invested Capital Turnover	2.40	2.39	2.43	2.45	2.45	2.32	2.12	2.03	2.00	1.16
Increase / (Decrease) in Invested Capital	24	28	14	16	-3.93	-24	-18	-26	-18	392
Enterprise Value (EV)	384	422	473	721	548	745	830	927	1,133	1,424
Market Capitalization	345	398	461	737	598	822	902	1,020	1,247	1,129
Book Value per Share	$18.91	$21.02	$21.75	$23.84	$25.15	$26.66	$27.17	$28.24	$29.28	$28.74
Tangible Book Value per Share	$12.62	$14.67	$15.61	$17.74	$19.19	$20.71	$21.44	$22.53	$23.48	($6.33)
Total Capital	346	357	378	364	381	401	407	416	427	734
Total Debt	110	95	100	60	60	60	60	60	60	292
Total Long-Term Debt	110	95	100	60	60	60	60	60	60	292
Net Debt	39	25	12	-16	-50	-77	-72	-94	-114	214
Capital Expenditures (CapEx)	0.32	3.22	3.74	-1.89	2.41	1.83	2.74	1.31	3.62	5.56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	169	175	175	162	145	144	157	142	127	176
Debt-free Net Working Capital (DFNWC)	240	245	253	227	245	271	278	286	291	245
Net Working Capital (NWC)	240	245	253	227	245	271	278	286	291	245
Net Nonoperating Expense (NNE)	1.10	0.60	0.70	0.06	0.61	2.65	-1.95	-0.21	0.19	4.34
Net Nonoperating Obligations (NNO)	39	25	12	-16	-50	-77	-74	-94	-114	214
Total Depreciation and Amortization (D&A)	3.29	3.26	3.27	3.34	3.39	3.35	3.71	3.44	3.64	5.82
Debt-free, Cash-free Net Working Capital to Revenue	26.79%	26.72%	25.35%	23.59%	21.69%	22.50%	26.30%	25.44%	24.18%	32.96%
Debt-free Net Working Capital to Revenue	38.01%	37.46%	36.64%	33.05%	36.67%	42.34%	46.65%	51.12%	55.39%	45.90%
Net Working Capital to Revenue	38.01%	37.46%	36.64%	33.05%	36.67%	42.34%	46.65%	51.12%	55.39%	45.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.61	$2.18	$2.24	$4.27	$3.00	$1.84	$2.45	$2.93	$1.26	($0.26)
Adjusted Weighted Average Basic Shares Outstanding	12.48M	12.54M	12.78M	12.78M	12.78M	12.78M	12.75M	12.62M	12.55M	12.62M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	12.48M	12.78M	12.77M	12.78M	12.77M	12.76M	12.62M	12.55M	12.55M	12.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.48M	12.78M	12.77M	12.78M	12.77M	12.76M	12.62M	12.55M	12.55M	12.54M
Normalized Net Operating Profit after Tax (NOPAT)	20	17	18	17	22	18	14	19	9.05	12
Normalized NOPAT Margin	11.00%	10.23%	10.44%	10.12%	13.64%	12.91%	10.91%	14.35%	7.32%	8.16%
Pre Tax Income Margin	11.64%	10.31%	10.87%	16.17%	14.98%	9.64%	15.89%	17.18%	9.05%	4.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.92	18.85	19.95	31.06	47.42	27.64	45.32	53.38	24.45	3.26
NOPAT to Interest Expense	18.69	15.13	15.54	30.66	39.17	32.85	32.09	44.80	19.97	3.83
EBIT Less CapEx to Interest Expense	22.58	15.52	16.15	33.15	42.71	23.54	39.02	50.22	15.70	1.29
NOPAT Less CapEx to Interest Expense	18.35	11.80	11.74	32.75	34.46	28.74	25.78	41.64	11.22	1.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.77%	6.48%	5.50%	4.70%	4.53%	4.73%	4.66%	5.30%	6.37%	7.02%
Augmented Payout Ratio	9.67%	7.14%	5.50%	4.70%	4.53%	4.87%	13.16%	26.88%	35.85%	39.65%

Frequently Asked Questions About Bel Fuse's Financials

When does Bel Fuse's fiscal year end?

According to the most recent income statement we have on file, Bel Fuse's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Bel Fuse's net income changed over the last 10 years?

Bel Fuse's net income appears to be on an upward trend, with a most recent value of $49.19 million in 2024, rising from $8.60 million in 2014. The previous period was $73.83 million in 2023.

What is Bel Fuse's operating income?

Bel Fuse's total operating income in 2024 was $64.30 million, based on the following breakdown:

Total Gross Profit: $202.36 million
Total Operating Expenses: $138.06 million

How has Bel Fuse revenue changed over the last 10 years?

Over the last 10 years, Bel Fuse's total revenue changed from $487.08 million in 2014 to $534.79 million in 2024, a change of 9.8%.

How much debt does Bel Fuse have?

Bel Fuse's total liabilities were at $508.63 million at the end of 2024, a 120.1% increase from 2023, and a 23.7% increase since 2014.

How much cash does Bel Fuse have?

In the past 10 years, Bel Fuse's cash and equivalents has ranged from $53.91 million in 2018 to $89.37 million in 2023, and is currently $68.25 million as of their latest financial filing in 2024.

How has Bel Fuse's book value per share changed over the last 10 years?

Over the last 10 years, Bel Fuse's book value per share changed from 18.88 in 2014 to 28.74 in 2024, a change of 52.2%.

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This page (NASDAQ:BELFA) was last updated on 4/15/2025 by MarketBeat.com Staff

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Bel Fuse (BELFA) Financials

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Bel Fuse (BELFA) Financials

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