Saba Capital Income & Opportunities Fund Financial Ratios — BRW

Profitability (USD)

	2018 Y	2019 Y	2020 Y	2021 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2018	02/28/2019	02/29/2020	02/28/2021	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Return on Common Equity (%)	- -	2.43	1.25	-3.95	1.81	-1.84	8.48	10.77	15.85
Return on Assets (%)	- -	1.76	0.86	-3.05	1.64	-1.41	5.11	5.53	7.03
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	95.41	94.38	89.11	108.73	90.1	118.62	89.34	92.46	95.21
Profit Margin (%)	95.41	94.38	89.11	108.73	90.1	118.62	89.34	92.46	95.21
Net Income to Common Margin (%)	95.41	94.38	89.11	108.73	90.1	118.62	89.34	92.46	95.21
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	161.76	207.3	453.05	-95.73	180.21	-620.3	144.42	128.56	78.39
Sustainable Growth Rate (%)	- -	-2.61	-4.41	-7.73	-1.45	-13.28	-3.77	-3.07	3.42

Credit (USD)

API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2018	02/28/2019	02/29/2020	02/28/2021	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Total Debt	323	324	316	23	52	176	59	86	61
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	323	324	316	23	52	176	59	86	61
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	75.74	69.37	68.04	93.11	86.71	67	54.44	48.49	41.02
Long-Term Debt/Equity (%)	38.45	39.54	40.36	3.8	12.47	47.76	16.81	25.06	17.18
Long-Term Debt/Capital (%)	25.96	28.34	28.75	3.66	11.09	32.32	14.39	20.04	14.66
Long-Term Debt/Total Assets (%)	26.56	27.43	27.46	3.54	10.81	32	9.15	12.15	7.05
Total Debt/Equity (%)	38.45	39.54	40.36	3.8	12.47	47.76	16.81	25.06	17.18
Total Debt/Capital (%)	25.96	28.34	28.75	3.66	11.09	32.32	14.39	20.04	14.66
Total Debt/Total Assets (%)	26.56	27.43	27.46	3.54	10.81	32	9.15	12.15	7.05
Net Debt to Equity	-0.27	-0.16	-0.08	-1.33	- -	-1.53	-3.19	-2.43	-2.62
Net Debt/Capital (%)	-0.18	-0.12	-0.06	-1.3	- -	-1.05	-2.81	-1.98	-2.28
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2018	02/28/2019	02/29/2020	02/28/2021	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	75.74	69.37	68.04	93.11	86.71	67	54.44	48.49	41.02
Long-Term Debt/Equity (%)	38.45	39.54	40.36	3.8	12.47	47.76	16.81	25.06	17.18
Long-Term Debt/Capital (%)	25.96	28.34	28.75	3.66	11.09	32.32	14.39	20.04	14.66
Long-Term Debt/Total Assets (%)	26.56	27.43	27.46	3.54	10.81	32	9.15	12.15	7.05
Total Debt/Equity (%)	38.45	39.54	40.36	3.8	12.47	47.76	16.81	25.06	17.18
Total Debt/Capital (%)	25.96	28.34	28.75	3.66	11.09	32.32	14.39	20.04	14.66
Total Debt/Total Assets (%)	26.56	27.43	27.46	3.54	10.81	32	9.15	12.15	7.05
CFO/Total Liabilities	13.67	11.68	13.99	1,004.94	248.21	-41.36	56.02	9.98	29.33
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.02	-0.08	-0.13	-0.4	-0.46	-0.48	-0.32	-0.32	-0.26

Working Capital (USD)

API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2018	02/28/2019	02/29/2020	02/28/2021	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2018	02/28/2019	02/29/2020	02/28/2021	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	2	1	1	8	- -	6	11	8	9
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	323	324	316	23	52	176	59	86	61
Enterprise Value	321	322	315	15	52	170	48	78	52
Total Capital	1,245	1,142	1,099	629	472	543	413	429	416
Total Debt/Capital (%)	25.96	28.34	28.75	3.66	11.09	32.32	14.39	20.04	14.66
Total Debt / EV	1.01	1	1	1.54	1	1.03	1.23	1.11	1.18
EV/Sales	11.56	14.39	28.11	- -	5.07	- -	1.41	1.91	0.89
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	6.24	7.64	6.13	0.03	0.33	- -	0.29	2.14	0.35
EV/Free Cash Flow to Firm	6.24	7.64	6.13	0.03	0.33	- -	0.29	2.14	0.35
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	321	322	315	15	52	170	48	78	52
EV per Share	4.36	4.57	4.42	0.24	1.46	3.75	1.13	1.82	- -
TTM Sales	28	22	11	-25	10	-6	34	41	58
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	51	42	51	451	160	-75	166	36	150
TTM Free Cash Flow to Firm	51	42	51	451	160	-75	166	36	150

Multiples (USD)

API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2018	02/28/2019	02/29/2020	02/28/2021	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	321	322	315	15	52	170	48	78	52
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	11.56	14.39	28.11	- -	5.07	- -	1.41	1.91	0.89
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	11.56	14.39	28.11	- -	5.07	- -	1.41	1.91	0.89
EV/Sales High	11.56	14.39	28.11	- -	5.07	- -	1.41	1.91	0.89
EV/Sales Low	11.56	14.39	28.11	- -	5.07	- -	1.41	1.91	0.89
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Average	321	322	315	15	52	170	48	78	52
Enterprise Value High	321	322	315	15	52	170	48	78	52
Enterprise Value Low	321	322	315	15	52	170	48	78	52

Shares Outstanding	75	75	75	61	43	43	43	43	43
Diluted Weighted Avg Shares	74	70	71	61	36	45	42	43	- -
Basic Weighted Avg Shares	74	70	71	61	36	45	42	43	- -
Revenue per Share	0.38	0.32	0.16	-0.41	0.29	-0.13	0.81	0.95	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.36	0.3	0.14	-0.45	0.26	-0.16	0.72	0.88	- -
Basic EPS from Cont Ops	0.36	0.3	0.14	-0.45	0.26	-0.16	0.72	0.88	- -
Diluted EPS, GAAP	0.36	0.3	0.14	-0.45	0.26	-0.16	0.72	0.88	- -
Diluted EPS from Cont Ops	0.36	0.3	0.14	-0.45	0.26	-0.16	0.72	0.88	- -
Dividend per Share	0.58	0.62	0.63	0.43	0.47	0.99	1.04	1.13	- -
Cash Flow per Share	0.7	0.6	0.72	7.33	4.47	-1.65	3.9	0.85	- -
Free Cash Flow per Basic Share	0.7	0.6	0.72	7.33	4.47	-1.65	3.9	0.85	- -
Cash & Equivalents per Share	0.03	0.02	0.01	0.13	- -	0.12	0.27	0.2	- -
Book Value per Share	12.53	11.61	10.96	9.86	11.74	8.1	8.33	8.05	- -
Tangible Book Value per Share	11.42	11.61	10.96	9.86	11.74	8.1	8.33	8.05	- -

Saba Capital Income & Opportunities Fund

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)