Tollroad Medians

	2023 *	2022	2021	2020	2019
Statement of Net Position ($000)
Cash & Short-Term Investments	39,233	59,882	52,410	48,205	39,204
Total Assets	990,568	1,025,860	984,681	1,038,229	969,763
Total Debt	598,448	633,265	636,082	671,967	513,905
Total Liabilities	639,827	690,819	699,521	682,122	615,116
Unrestricted Fund Balance	1,165	606	0	0	0
Total Fund Equity	204,329	176,853	160,528	159,867	194,737
Statement of Revenues, Expenses and Changes in Net Position ($000)
Net Toll Rev	79,184	89,667	64,933	69,811	82,795
Total Operating Exp	39,324	29,916	29,469	36,931	44,613
Net Operating Income	43,978	31,903	25,297	19,846	25,214
Revenue Over Expenses	20,589	13,775	9,022	5,909	9,617
Liquidity
Days Cash on Hand	660.6	795.3	679.4	609.8	559.4
Current Ratio	4.03	4.28	4.46	3.92	3.71
Payment Period	307.5	286.1	279.8	255.1	250.0
Capital
Average Age Net Fixed Assets (yrs)	12.4	12.2	12.6	12.5	11.8
Long-Term Debt / Capitalization %	62.7	67.1	67.4	65.9	67.8
Total Debt / Capitalization %	66.17	68.09	68.91	68.22	68.98
Leverage
Current Debt Service Cov	2.16	2.04	1.68	1.51	1.92
Cashflow / Total Debt %	8.26	8.56	6.42	4.33	7.37
Financial Condition
EBIDA Margin %	66.92	68.98	64.07	62.96	65.17
Operating Margin %	43.47	50.18	43.16	34.75	40.30
Profit Margin %	20.24	15.00	6.61	5.89	18.65
Profile (000)
Passenger Vehicles	18,132	29,750	26,411	29,652	33,802
Total Vehicles	36,718	36,472	33,706	32,489	37,971

* Median values are based upon the number of audits received at any given point in time. Therefore, the median values for the most recent year(s) are subject to frequent updating and may not yet accurately characterize the median values of a complete sample size.

Tollroad Medians

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