Hycroft Mining Holding Corporation Financial Ratios — R5A

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	-144.87	- -	- -
Return on Assets (%)	- -	-74.27	-47.24	-31.09	-24.42	-35.63	-20.17
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	-123.71	-133.02	-47.5	-47.12	- -	- -	- -
EBITDA Margin (%)	-232.42	-177.53	-68.17	-150.87	- -	- -	- -
Operating Margin (%)	-247.12	-178.63	-73.35	-160.97	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	4.42	- -	- -	- -	- -
Pretax Margin (%)	-721.39	-289.92	-81.36	-183.06	- -	- -	- -
Profit Margin (%)	-721.39	-289.92	-79.98	-183.06	- -	- -	- -
Net Income to Common Margin (%)	-721.39	-289.92	-79.98	-183.06	- -	- -	- -
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	-144.87	- -	- -

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	554	148	161	135	145	125	- -
ST Debt	554	5	17	2	2	- -	- -
LT Debt	- -	143	144	133	143	125	- -
Total Debt/EBITDA	-17.39	-1.77	-2.13	-2.69	-3.44	-3.01	- -
Net Debt/EBITDA	-17.19	-1.09	-1.73	0.18	-0.87	-1.81	4.28
Total Debt/EBIT	-16.32	-1.65	-1.91	-2.52	-3.22	-2.85	- -
Net Debt/EBIT	-16.14	-1.02	-1.56	0.17	-0.81	-1.72	4.09
EBITDA to Interest Expense	-0.51	-2.01	-5.19	-2.82	-2.34	-2.1	-3.89
EBITDA-CapEx/Interest Expense	-0.7	-2.82	-5.67	-2.87	-2.4	-2.16	-3.94
EBIT to Interest Expense	-0.54	-2.03	-5.58	-3.01	-2.53	-2.68	-4.09
Interest Expense	63	41	15	18	18	20	11
Common Equity/Total Assets	-326.25	7.14	-48.13	25.43	6.27	-23.84	81.24
Long-Term Debt/Equity (%)	- -	858.55	- -	209.6	1,126.94	- -	- -
Long-Term Debt/Capital (%)	- -	86.78	156.24	66.9	90.48	136.41	- -
Long-Term Debt/Total Assets (%)	- -	61.33	101.16	53.3	70.71	89.16	- -
Total Debt/Equity (%)	-126.12	889.36	-234.54	213.3	1,145.54	-374.11	0.02
Total Debt/Capital (%)	482.91	89.89	174.33	68.08	91.97	136.48	0.02
Total Debt/Total Assets (%)	411.45	63.53	112.87	54.24	71.88	89.21	0.01
Net Debt to Equity	-124.7	550.17	-190.88	-14.48	288.69	-225.76	-85.05
Net Debt/Capital (%)	504.86	84.62	163.82	-16.27	71.05	179.48	-568
EBITDA	-32	-84	-75	-50	-42	-42	-42
EBITDA-CapEx	-44	-117	-82	-51	-43	-43	-43
Operating Income (Loss)	-34	-84	-81	-53	-46	-53	-45

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.01	2.6	0.39	11.8	9.04	8.63	23.6
Current Ratio	0.07	5.17	1.2	12.66	9.67	9.42	24.24
Quick Ratio	0.01	2.62	0.44	12.2	9.23	8.7	23.68
CFO/Avg Current Liab	- -	-0.37	-1.4	-1.61	-3.49	-4.09	-12.25
Common Equity/Total Assets	-326.25	7.14	-48.13	25.43	6.27	-23.84	81.24
Long-Term Debt/Equity (%)	- -	858.55	- -	209.6	1,126.94	- -	- -
Long-Term Debt/Capital (%)	- -	86.78	156.24	66.9	90.48	136.41	- -
Long-Term Debt/Total Assets (%)	- -	61.33	101.16	53.3	70.71	89.16	- -
Total Debt/Equity (%)	-126.12	889.36	-234.54	213.3	1,145.54	-374.11	0.02
Total Debt/Capital (%)	482.91	89.89	174.33	68.08	91.97	136.48	0.02
Total Debt/Total Assets (%)	411.45	63.53	112.87	54.24	71.88	89.21	0.01
CFO/Total Liabilities	-10.42	-51.16	-17.57	-18.77	-21.93	-20.68	-167.99
CFO/CapEx	-4.86	-3.3	-5.3	-36.65	-38.74	-28.65	-146.94
Altman's Z-Score	- -	- -	- -	- -	- -	- -	19.59

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	179.9	519.88	23.98	- -	- -	- -
Days Sales Outstanding	- -	2.03	0.7	15.22	- -	- -	- -
Inventory Turnover	- -	12.66	13.65	7.05	- -	7.6	- -
Days Inventory Outstanding	- -	28.83	26.74	51.8	- -	48.01	- -
Accounts Payable Turnover	- -	10.25	14.88	5.39	-0.27	5.79	- -
Accounts Payable Turnover Days	- -	35.6	24.53	67.71	-1,363.13	63.03	- -
Cash Conversion Cycle	- -	-4.74	2.92	-0.69	- -	- -	- -
Inventory to Cash Days	- -	-26.81	-26.04	-36.58	- -	- -	- -
Inventories	4	13	11	3	2	1	1
Raw Materials	3	6	4	3	2	1	1
Work In Process	1	5	4	- -	- -	- -	- -
Finished Goods	- -	1	3	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	1,951
- Cash & Cash Equivalents	6	56	12	142	106	50	182
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	554	148	161	135	145	125	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	1,769
Total Capital	115	164	92	198	158	92	214
Total Debt/Capital (%)	482.91	89.89	174.33	68.08	91.97	136.48	0.02
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	1,017
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	834
EV per Share	- -	- -	- -	- -	- -	- -	21.3
TTM Sales	14	47	111	33	- -	- -	- -
TTM EBITDA	-32	-84	-75	-50	-42	-42	-42
TTM Operating Income	-34	-84	-81	-53	-46	-53	-45
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	-12.18
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	1,769
Low Price	- -	- -	- -	- -	- -	- -	7.78
EV/Sales	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	9.13
Price/Book Value Average	- -	- -	- -	- -	- -	- -	4.82
Price/Book Value High	- -	- -	- -	- -	- -	- -	9.72
Price/Book Value Low	- -	- -	- -	- -	- -	- -	3.02
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	9.13
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	4.82
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	9.72
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	3.02
Price/Sales	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	-12.27
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	-6.48
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	-13.05
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	-4.06
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	-6.43
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	-12.97
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	-4.04
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	23.5
High Price	- -	- -	- -	- -	- -	- -	25.01
Enterprise Value Average	- -	- -	- -	- -	- -	- -	847
Enterprise Value High	- -	- -	- -	- -	- -	- -	1,894
Enterprise Value Low	- -	- -	- -	- -	- -	- -	464

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	- -	6	6	20	21	25	83
Diluted Weighted Avg Shares	- -	3	6	17	21	23	43
Basic Weighted Avg Shares	- -	3	6	17	21	23	43
Revenue per Share	454.62	13.51	18.42	1.96	- -	- -	- -
EBITDA per Share	-1,056.64	-23.98	-12.56	-2.95	-2	-1.79	-0.98
Operating Income per Share	-1,123.46	-24.12	-13.51	-3.15	-2.16	-2.29	-1.03
Basic EPS, GAAP	-3,279.56	-39.16	-14.74	-3.58	-2.61	-2.63	-0.94
Basic EPS from Cont Ops	-3,279.56	-39.16	-14.74	-3.58	-2.61	-2.63	-0.94
Diluted EPS, GAAP	-3,279.56	-39.16	-14.74	-3.58	-2.61	-2.63	-0.94
Diluted EPS from Cont Ops	-3,279.56	-39.16	-14.74	-3.58	-2.61	-2.63	-0.94
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-1,982.13	-31.72	-6.16	-2.05	-1.96	-1.55	-1.92
Free Cash Flow per Basic Share	-2,389.89	-41.32	-7.33	-2.11	-2.01	-1.6	-1.93
Cash & Equivalents per Share	192.37	9.41	2.04	7.09	5.12	2.01	2.2
Book Value per Share	-13,585.31	2.77	-11.33	3.16	0.61	-1.34	2.57
Tangible Book Value per Share	-13,585.31	2.77	-11.33	3.16	0.61	-1.34	2.57