Balance Sheet Zest S.p.A.

Equities

LVEN

IT0005013013

Investment Management & Fund Operators

Market Closed - Borsa Italiana Other stock markets 11:45:00 2025-07-18 am EDT			5-day change	1st Jan Change
0.1660 ^EUR	0.00%		-1.19%	+1.22%

Jun. 18	Zucchetti Centro Sistemi Spa acquired an unknown majority stake in Vikey S.r.l. from CDP Venture Capital SGR S.p.A. and Zest S.p.A..	CI
Jun. 05	Futures express caution ahead of the ECB	AN

5f78f.5L_LSNwv7XLyRrLyM_ajkndsfs1q-Q_oxvVSCKM13CE.0tn7L45-oEWzM8CxUsHkyjYuCZolk2CQh4EZbJVHrHvV8K4su2beX7EB4w

Published financial data: ZEST S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.98M	2.61M	2.92M	4.64M	5.07M
Other Revenues, Total	2.6K	6.17K	-	209K	226K
Total Revenues	2.98M	2.61M	2.92M	4.85M	5.3M
Cost of Goods Sold, Total	3.13M	2.75M	3.5M	4.44M	5.42M
Gross Profit	-145K	-138K	-575K	405K	-117K
Selling General & Admin Expenses, Total	413K	275K	266K	275K	355K
Provision for Bad Debts	240K	80.46K	177K	80.39K	105K
Depreciation & Amortization - (IS)	14.21K	10.27K	10.77K	21.98K	31.61K
Amortization of Goodwill and Intangible Assets - (IS)	426K	496K	486K	569K	649K
Other Operating Expenses	-250K	-33.63K	-	-29.78K	370K
Other Operating Expenses, Total	844K	829K	940K	917K	1.51M
Operating Income	-988K	-966K	-1.52M	-512K	-1.63M
Interest Expense, Total	-105K	-81.09K	-103K	-71.5K	-84.34K
Interest And Investment Income	11.55K	12.87K	33.66K	21.66K	13.71K
Net Interest Expenses	-93.52K	-68.22K	-69.75K	-49.84K	-70.62K
Income (Loss) On Equity Invest.	12.21K	579K	359K	1.19M	1.26M
Currency Exchange Gains (Loss)	-	20	-59	-174	685
Other Non Operating Income (Expenses)	10.71K	115K	-2.47K	-3.64K	-228K
EBT, Excl. Unusual Items	-1.06M	-341K	-1.23M	621K	-666K
Gain (Loss) On Sale Of Investments	-1.22M	-2.18M	-2.09M	-1.78M	-4.66M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-10.52K	-2K	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-2.29M	-2.52M	-3.32M	-1.16M	-5.33M
Income Tax Expense	-37.43K	-9.23K	28.54K	31.24K	13.04K
Earnings From Continuing Operations	-2.26M	-2.51M	-3.35M	-1.19M	-5.34M
Net Income to Company	-2.26M	-2.51M	-3.35M	-1.19M	-5.34M
Net Income - (IS)	-2.26M	-2.51M	-3.35M	-1.19M	-5.34M
Net Income to Common Incl Extra Items	-2.26M	-2.51M	-3.35M	-1.19M	-5.34M
Net Income to Common Excl. Extra Items	-2.26M	-2.51M	-3.35M	-1.19M	-5.34M
Per Share Items
Net EPS - Basic	-0.3	-0.34	-0.3	-0.11	-0.49
Basic EPS - Continuing Operations	-0.3	-0.34	-0.3	-0.11	-0.49
Basic Weighted Average Shares Outstanding	7.4M	7.4M	10.99M	10.86M	11M
Net EPS - Diluted	-0.3	-0.34	-0.3	-0.11	-0.49
Diluted EPS - Continuing Operations	-0.3	-0.34	-0.3	-0.11	-0.49
Diluted Weighted Average Shares Outstanding	7.4M	7.4M	10.99M	10.86M	11M
Normalized Basic EPS	-0.09	-0.03	-0.07	0.04	-0.04
Normalized Diluted EPS	-0.09	-0.03	-0.07	0.04	-0.04
Dividend Per Share	-	-	-	-	-
Payout Ratio	-16.4	-	-	-	-
Supplemental Items
EBITDA	-941K	-928K	-1.43M	-362K	-1.45M
EBITA	-956K	-938K	-1.44M	-384K	-1.48M
EBIT	-988K	-966K	-1.52M	-512K	-1.63M
EBITDAR	-528K	-652K	-1.16M	-86.79K	-1.1M
Total Revenues (As Reported)	3.24M	2.76M	3.21M	4.89M	5.4M
Effective Tax Rate - (Ratio)	1.63	0.37	-0.86	-2.7	-0.24
Current Domestic Taxes	-	-	8.02K	39.85K	17.96K
Total Current Taxes	-	-	8.02K	39.85K	17.96K
Deferred Domestic Taxes	-13.51K	-9.23K	20.52K	-8.61K	7.43K
Total Deferred Taxes	-13.51K	-9.23K	20.52K	-8.61K	7.43K
Normalized Net Income	-662K	-213K	-768K	388K	-416K
Interest on Long-Term Debt	65.49K	-	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	862K	751K	379K	345K	408K
Net Rental Expense, Total	413K	275K	266K	275K	355K
Imputed Operating Lease Interest Expense	87.65K	33.95K	36.83K	35.52K	76.4K
Imputed Operating Lease Depreciation	325K	241K	229K	239K	279K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.76M	4.36M	11.17M	6.26M	4.85M
Short Term Investments	-	-	3.64K	-	-
Trading Asset Securities, Total	6.14K	6.14K	-	-	-
Total Cash And Short Term Investments	2.77M	4.37M	11.17M	6.26M	4.85M
Accounts Receivable, Total	2.17M	1.97M	2.42M	4.07M	3.52M
Other Receivables	253K	153K	348K	157K	147K
Total Receivables	2.42M	2.13M	2.77M	4.22M	3.67M
Inventory	-	-	-	14.02K	42.42K
Deferred Tax Assets Current	110K	119K	98.59K	94.51K	87.03K
Other Current Assets, Total	3K	315	-	-	-
Total Current Assets	5.31M	6.61M	14.04M	10.59M	8.64M
Gross Property Plant And Equipment	510K	514K	556K	530K	579K
Accumulated Depreciation	-477K	-488K	-500K	-430K	-452K
Net Property Plant And Equipment	33.16K	26.69K	55.82K	99.82K	127K
Long-term Investments	14.85M	15.23M	15.17M	15.09M	12.64M
Goodwill	13.32K	0	967K	865K	763K
Other Intangibles, Total	1.23M	1.09M	1.13M	1.15M	932K
Loans Receivable Long-Term	1.13M	789K	633K	574K	545K
Deferred Charges Long-Term	9.47K	82.45K	232K	141K	44.52K
Other Long-Term Assets, Total	75.01K	91.94K	96.39K	306K	264K
Total Assets	22.65M	23.91M	32.32M	28.82M	23.96M
Liabilities
Accounts Payable, Total	783K	941K	1.1M	1.2M	1.36M
Accrued Expenses, Total	144K	95.21K	228K	564K	301K
Short-term Borrowings	328	-	-	-	-
Current Portion of Long-Term Debt	1.33M	1.44M	2.38M	1.3M	1.3M
Current Income Taxes Payable	8	1.25K	2.98K	4.97K	479
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	203K	234K	362K	305K	264K
Total Current Liabilities	2.46M	2.72M	4.08M	3.37M	3.23M
Long-Term Debt	2.87M	4.88M	3.25M	1.93M	1.74M
Unearned Revenue Non Current	47K	11.33K	78.74K	231K	128K
Deferred Tax Liability Non Current	17.02K	17.02K	17.02K	4.33K	4.33K
Other Non Current Liabilities	96.66K	106K	171K	195K	672K
Total Liabilities	5.49M	7.72M	7.59M	5.73M	5.77M
Common Stock, Total	7.42M	7.42M	9.83M	10.43M	10.43M
Additional Paid In Capital	9.51M	7.26M	15.79M	11.9M	10.75M
Retained Earnings	-774K	-1.03M	-1.86M	248K	-4.05M
Treasury Stock	-70.86K	-102K	-102K	-552K	-
Comprehensive Income and Other	1.07M	2.65M	1.07M	1.07M	1.07M
Total Common Equity	17.15M	16.19M	24.73M	23.09M	18.19M
Total Equity	17.15M	16.19M	24.73M	23.09M	18.19M
Total Liabilities And Equity	22.65M	23.91M	32.32M	28.82M	23.96M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.4M	7.4M	10.99M	10.86M	11M
ECS Total Common Shares Outstanding	7.4M	7.4M	10.99M	10.86M	11M
Book Value / Share	2.32	2.19	2.25	2.13	1.65
Tangible Book Value	15.91M	15.1M	22.63M	21.08M	16.5M
Tangible Book Value Per Share	2.15	2.04	2.06	1.94	1.5
Total Debt	4.2M	6.32M	5.63M	3.23M	3.04M
Net Debt	1.43M	1.95M	-5.54M	-3.03M	-1.81M
Debt Equivalent Oper. Leases	3.3M	2.2M	2.13M	2.2M	2.84M
Equity Method Investments, Total	4.83M	3.9M	3.81M	2M	1.77M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Work In Process, Total	-	-	-	14.02K	42.42K
Inventories - Finished Goods, Total	-	-	-	254K	254K
Machinery, Total	16.61K	16.61K	-	16.61K	16.61K
Full Time Employees	-	11	-	-	22
Accumulated Allowance for Doubtful Accounts (Supple)	380K	217K	370K	386K	370K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-2.26M	-2.51M	-3.35M	-1.19M	-5.34M
Depreciation & Amortization - CF	14.21K	10.27K	10.77K	21.98K	31.61K
Amortization of Goodwill and Intangible Assets - (CF)	32.77K	28.6K	76.58K	128K	145K
Depreciation & Amortization, Total	46.98K	38.87K	87.35K	150K	176K
Amortization of Deferred Charges, Total - (CF)	394K	468K	409K	441K	504K
(Gain) Loss From Sale Of Asset	27.37K	-187K	152K	-1.2M	79.76K
(Gain) Loss on Sale of Investments - (CF)	1.22M	2.06M	2.09M	1.78M	4.66M
Asset Writedown & Restructuring Costs	10.52K	2K	-265K	-	-
Provision and Write-off of Bad Debts	-	-	-	80.39K	105K
Other Operating Activities, Total	221K	71.44K	498K	54.74K	485K
Change In Accounts Receivable	-322K	77.59K	-836K	-1.66M	471K
Change In Inventories	-	-	-	-14.02K	-28.4K
Change In Accounts Payable	7.49K	5.16K	421K	92.47K	167K
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	219K	244K	106K	327K	-372K
Cash from Operations	-428K	274K	-684K	-1.13M	909K
Capital Expenditure	-39.54K	-8.5K	-17.36K	-54.89K	-68.63K
Sale of Property, Plant, and Equipment	-	-	-	-	10.21K
Sale (Purchase) of Intangible assets	-521K	-416K	-607K	-395K	-233K
Investment in Marketable and Equity Securities, Total	-3.1M	-1.92M	-2.07M	-534K	-2.21M
Cash from Investing	-3.66M	-2.34M	-2.69M	-984K	-2.51M
Short Term Debt Issued, Total	-	109K	903K	-	1.26K
Long-Term Debt Issued, Total	2M	2.4M	-	-	21.85K
Total Debt Issued	2M	2.51M	903K	-	23.11K
Short Term Debt Repaid, Total	-1.42K	-	-	-1.06M	-
Long-Term Debt Repaid, Total	-1.52M	-393K	-1.66M	-1.28M	-225K
Total Debt Repaid	-1.52M	-393K	-1.66M	-2.35M	-225K
Issuance of Common Stock	431	1.58M	10.88M	-	344K
Repurchase of Common Stock	-	-31.1K	-	-450K	-
Common Dividends Paid	-370K	-	-	-	-
Common & Preferred Stock Dividends Paid	-370K	-	-	-	-
Other Financing Activities, Total	-	-	-	-	42.43K
Cash from Financing	113K	3.66M	10.13M	-2.8M	185K
Miscellaneous Cash Flow Adjustments	-	-	57.26K	-	-
Net Change in Cash	-3.98M	1.6M	6.81M	-4.91M	-1.41M
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	8.02K	-	5.62K
Levered Free Cash Flow	-712K	-140K	-1.33M	-1.33M	-285K
Unlevered Free Cash Flow	-646K	-89.21K	-1.27M	-1.28M	-233K
Change In Net Working Capital	-91.47K	-433K	196K	1.1M	-405K
Net Debt Issued / Repaid	482K	2.12M	-756K	-2.35M	-201K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-2.6	-2.59	-3.37	-1.05	-3.85
Return on Total Capital	-2.75	-2.75	-3.58	-1.13	-4.28
Return On Equity %	-12.22	-15.05	-16.35	-4.96	-25.87
Return on Common Equity	-12.22	-15.05	-16.35	-4.96	-25.87
Margin Analysis
Gross Profit Margin %	-4.85	-5.28	-19.69	8.35	-2.2
SG&A Margin	13.85	10.54	9.11	5.67	6.7
EBITDA Margin %	-31.56	-35.51	-48.88	-7.47	-27.39
EBITA Margin %	-32.03	-35.91	-49.25	-7.92	-27.98
EBIT Margin %	-33.13	-37	-51.87	-10.57	-30.71
Income From Continuing Operations Margin %	-75.67	-96.08	-114.54	-24.49	-100.74
Net Income Margin %	-75.67	-96.08	-114.54	-24.49	-100.74
Net Avail. For Common Margin %	-75.67	-96.08	-114.54	-24.49	-100.74
Normalized Net Income Margin	-22.19	-8.16	-26.28	8.01	-7.86
Levered Free Cash Flow Margin	-23.85	-5.36	-45.69	-27.35	-5.38
Unlevered Free Cash Flow Margin	-21.65	-3.42	-43.48	-26.43	-4.39
Asset Turnover
Asset Turnover	0.13	0.11	0.1	0.16	0.2
Fixed Assets Turnover	145.56	87.28	70.8	62.26	46.81
Receivables Turnover (Average Receivables)	1.35	1.24	1.33	1.42	1.33
Inventory Turnover (Average Inventory)	-	-	-	633.36	191.92
Short Term Liquidity
Current Ratio	2.15	2.43	3.45	3.15	2.68
Quick Ratio	2.11	2.39	3.42	3.11	2.64
Operating Cash Flow to Current Liabilities	-0.17	0.1	-0.17	-0.34	0.28
Days Sales Outstanding (Average Receivables)	270.46	294.54	274.46	256.91	274.32
Days Outstanding Inventory (Average Inventory)	-	-	-	0.58	1.9
Average Days Payable Outstanding	95.52	114.75	106.78	-	85.84
Cash Conversion Cycle (Average Days)	-	-	-	-	190.38
Long Term Solvency
Total Debt/Equity	24.5	39.03	22.76	13.98	16.69
Total Debt / Total Capital	19.68	28.07	18.54	12.27	14.3
LT Debt/Equity	16.72	30.11	13.15	8.37	9.55
Long-Term Debt / Total Capital	13.43	21.66	10.71	7.34	8.18
Total Liabilities / Total Assets	24.26	32.3	23.5	19.88	24.08
EBIT / Interest Expense	-9.41	-11.92	-14.65	-7.16	-19.3
EBITDA / Interest Expense	-8.96	-11.44	-13.81	-5.06	-17.21
(EBITDA - Capex) / Interest Expense	-9.34	-11.54	-13.98	-5.83	-18.02
Total Debt / EBITDA	-4.46	-6.81	-3.94	-8.93	-2.09
Net Debt / EBITDA	-1.52	-2.1	3.88	8.37	1.25
Total Debt / (EBITDA - Capex)	-4.28	-6.75	-3.89	-7.75	-2
Net Debt / (EBITDA - Capex)	-1.46	-2.09	3.84	7.27	1.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.67	-12.36	11.84	50.93	9.38
Gross Profit, 1 Yr. Growth %	-66.28	-6.42	317.2	-241.6	-128.8
EBITDA, 1 Yr. Growth %	39.16	70.83	53.94	-50.39	-1.93K
EBITA, 1 Yr. Growth %	38.93	68.32	53.4	-48.14	-2.69K
EBIT, 1 Yr. Growth %	-16.81	-1.74	56.79	-58.23	217.84
Earnings From Cont. Operations, 1 Yr. Growth %	-685.11	11.18	33.33	-64.53	349.95
Net Income, 1 Yr. Growth %	-685.11	11.18	33.33	-64.53	349.95
Normalized Net Income, 1 Yr. Growth %	-153.13	-66.55	260.11	-150.57	-207.31
Diluted EPS Before Extra, 1 Yr. Growth %	-685.12	11.3	-10.22	-64.11	343.89
Accounts Receivable, 1 Yr. Growth %	-3.44	-11.22	22.73	65.48	-14.27
Inventory, 1 Yr. Growth %	-	-	-	-	202.52
Net Property, Plant and Equip., 1 Yr. Growth %	323.89	-19.51	109.15	78.82	26.85
Total Assets, 1 Yr. Growth %	-8.72	5.61	35.16	-10.83	-16.86
Tangible Book Value, 1 Yr. Growth %	-14.61	-5.07	49.84	-6.87	-21.73
Common Equity, 1 Yr. Growth %	-13.28	-5.61	52.74	-6.62	-21.22
Cash From Operations, 1 Yr. Growth %	-2.02	-163.93	-350.02	65.47	-179.96
Capital Expenditures, 1 Yr. Growth %	-	-78.5	104.2	216.08	25.03
Levered Free Cash Flow, 1 Yr. Growth %	50.81	-79.54	853.99	15.67	-78.65
Unlevered Free Cash Flow, 1 Yr. Growth %	52.79	-86.12	1.32K	18.45	-81.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.99	-2.45	-1	36.2	28.49
Gross Profit, 2 Yr. CAGR %	-49.6	-43.32	97.59	71.37	-36.14
EBITDA, 2 Yr. CAGR %	-21.45	17.1	62.16	-37.55	41.09
EBITA, 2 Yr. CAGR %	-21.21	16.77	60.69	-36.03	41.57
EBIT, 2 Yr. CAGR %	-30.33	-9.81	24.12	-27.2	15.23
Earnings From Cont. Operations, 2 Yr. CAGR %	-42.53	155.06	21.76	-31.23	26.32
Net Income, 2 Yr. CAGR %	-42.53	155.06	21.76	-31.23	26.32
Normalized Net Income, 2 Yr. CAGR %	-25.35	-58.64	9.76	34.94	-26.34
Diluted EPS Before Extra, 2 Yr. CAGR %	-42.53	155.19	-0.04	-43.24	26.22
Accounts Receivable, 2 Yr. CAGR %	-12.46	-6.31	4.38	43.63	19.66
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	20.48	84.71	29.74	93.39	50.61
Total Assets, 2 Yr. CAGR %	-3.61	-1.82	19.47	9.78	-13.9
Tangible Book Value, 2 Yr. CAGR %	-5.4	-9.97	19.27	18.13	-14.62
Common Equity, 2 Yr. CAGR %	-4.85	-9.53	20.07	19.43	-14.23
Cash From Operations, 2 Yr. CAGR %	-49.69	-20.86	26.43	103.4	15.24
Capital Expenditures, 2 Yr. CAGR %	203.26	-	-33.73	154.05	98.8
Levered Free Cash Flow, 2 Yr. CAGR %	-24.44	-45.55	39.7	207.78	-50.1
Unlevered Free Cash Flow, 2 Yr. CAGR %	-25.04	-54.06	40.55	278.86	-53.62
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.81	4.4	2.1	17.59	26.6
Gross Profit, 3 Yr. CAGR %	-35.88	-37.69	10.25	40.07	-5.43
EBITDA, 3 Yr. CAGR %	70.13	-15.29	28.28	-12.66	16.1
EBITA, 3 Yr. CAGR %	75.24	-15.23	27.89	-11.69	16.51
EBIT, 3 Yr. CAGR %	58.81	-22	8.45	-19.55	18.98
Earnings From Cont. Operations, 3 Yr. CAGR %	-10.9	-28.39	105.47	-19.29	28.62
Net Income, 3 Yr. CAGR %	-10.9	-28.39	105.47	-19.29	28.62
Normalized Net Income, 3 Yr. CAGR %	56.98	-43.59	-14.91	-15.23	25.02
Diluted EPS Before Extra, 3 Yr. CAGR %	-14.37	-28.37	80.15	-28.95	12.67
Accounts Receivable, 3 Yr. CAGR %	-7.83	-11.35	2.51	22.35	21.3
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.08	5.32	92.52	44.39	68.03
Total Assets, 3 Yr. CAGR %	2.09	-0.63	9.22	8.37	0.07
Tangible Book Value, 3 Yr. CAGR %	4.51	-5.29	6.7	9.83	2.99
Common Equity, 3 Yr. CAGR %	4.81	-5.1	7.73	10.42	3.96
Cash From Operations, 3 Yr. CAGR %	72.18	-45.51	16.13	38.29	49.18
Capital Expenditures, 3 Yr. CAGR %	-	25.52	-	11.55	100.58
Levered Free Cash Flow, 3 Yr. CAGR %	-14.46	-51.76	41.43	24.68	26.81
Unlevered Free Cash Flow, 3 Yr. CAGR %	-13.97	-57.34	44.3	25.82	37.63
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.95	0.77	2.43	16.11	14.06
Gross Profit, 5 Yr. CAGR %	-22.47	-22.45	0.94	-6.61	-22.94
EBITDA, 5 Yr. CAGR %	51.29	39.29	49.51	-25.01	16.5
EBITA, 5 Yr. CAGR %	56.22	43.73	51.96	-24.26	16.61
EBIT, 5 Yr. CAGR %	34.93	31.67	43.76	-24.12	6.5
Earnings From Cont. Operations, 5 Yr. CAGR %	19.61	15.34	0.95	-29.54	69.14
Net Income, 5 Yr. CAGR %	19.61	15.34	0.95	-29.54	69.14
Normalized Net Income, 5 Yr. CAGR %	29	-1.21	35.02	-20.04	-19.68
Diluted EPS Before Extra, 5 Yr. CAGR %	3.97	5.26	-8.9	-34.73	56.25
Accounts Receivable, 5 Yr. CAGR %	-2.54	-2.27	-2.67	7.52	9.39
Inventory, 5 Yr. CAGR %	-	-	-	-39.22	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.58	-12.44	10.93	34.3	74.51
Total Assets, 5 Yr. CAGR %	3.4	1.68	8.72	3.41	-0.69
Tangible Book Value, 5 Yr. CAGR %	4.36	-1.59	10.18	3.46	-2.4
Common Equity, 5 Yr. CAGR %	5.9	-0.55	10.66	4.04	-1.66
Cash From Operations, 5 Yr. CAGR %	-7.34	-9.51	52.17	-7.71	15.77
Capital Expenditures, 5 Yr. CAGR %	18.53	-25.91	-	66.42	-
Levered Free Cash Flow, 5 Yr. CAGR %	5.17	-27.76	3.26	1.24	-9.57
Unlevered Free Cash Flow, 5 Yr. CAGR %	7.31	-30.96	4.6	2.19	-11.26