Idaho Strategic Resources, Inc. Financial Ratios — IDR Stock

Profitability	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	- -	- -	-31.66	-36.15	-55.57	-9.25	-59.69	1.36	16.93	-10.4	-9.21	-34.19	-20.24	7.1
Return on Assets (%)	-26.61	-17.31	-10.7	-12.72	-13.18	-22.03	-3.36	-16.5	0.43	8.29	-5.67	-5.04	-19.39	-13.03	5.16
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.04	- -	- -	- -	- -	6.01
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	-23.65	- -	- -	- -	- -	4.67
Gross Margin (%)	9.88	10.5	89.87	80.16	-58.97	-285.43	25.22	12.71	27.77	-20.03	12.07	1.19	6.39	16.22	29.03
EBITDA Margin (%)	-159.12	-238.06	18.47	24.67	-216.97	-1,493.24	-10.79	-184.71	10.59	-48.36	3.71	-7.22	-29.43	-15.65	18.06
Operating Margin (%)	-186.94	-267.21	12.01	8.7	-303.35	-1,543.34	-18.74	-190.25	6.95	-58.5	-5.76	-17.37	-40.11	-25.92	7.32
Incremental Operating Margin (%)	- -	- -	57.8	17.46	- -	- -	- -	- -	35.7	- -	- -	- -	- -	- -	85.44
Pretax Margin (%)	- -	- -	-32.75	-81.37	-702.7	-1,551.93	-14.92	-249.84	-0.52	20.72	-11.87	-13.04	-42.73	-27.46	7.86
Profit Margin (%)	-188.69	-264.16	-32.56	-79.94	-696.72	-1,549.24	-13	-252.72	0.91	22.87	-9.96	-11.33	-41.42	-26.47	8.48
Net Income to Common Margin (%)	-188.69	-264.16	-32.56	-79.94	-696.72	-1,549.24	-13	-252.72	0.91	22.87	-9.96	-11.33	-41.42	-26.47	8.48
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-31.66	-36.15	-55.57	-9.25	-59.69	1.36	16.93	-10.4	-9.21	-34.19	-20.24	7.1

Credit	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	- -	- -	1	1	- -	1	2	2	1	1	1	2	4	2	2
ST Debt	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -	1	1	1
LT Debt	- -	- -	- -	- -	- -	- -	1	1	1	1	1	2	3	1	1
Total Debt/EBITDA	-0.4	-0.27	1.86	2.68	-2	-0.37	-9.34	-1.96	2.39	-0.5	6.26	-5.86	-1.72	-1.5	0.94
Net Debt/EBITDA	-0.32	0.49	-0.75	2.37	0.69	-0.12	-9.04	-1.81	2.12	-0.36	5.3	0.34	-0.84	-0.41	0.01
Total Debt/EBIT	-0.34	-0.24	2.87	7.59	-1.43	-0.36	-5.38	-1.9	3.65	-0.41	-4.03	-2.44	-1.26	-0.91	2.32
Net Debt/EBIT	-0.27	0.43	-1.15	6.72	0.49	-0.12	-5.2	-1.75	3.23	-0.3	-3.41	0.14	-0.62	-0.25	0.03
EBITDA to Interest Expense	-33.75	-46.94	- -	10.15	-4.44	-79.9	-4.08	-6.11	3.93	-20.98	2.68	-2.71	-10.78	-14.58	55.79
EBITDA-CapEx/Interest Expense	-34.1	-49.26	- -	-39.49	-4.7	-114.65	-7.02	-7.53	2.16	-29.39	1.26	-13.25	-25.62	-35.44	6.58
EBIT to Interest Expense	-39.66	-52.69	- -	3.58	-6.2	-82.58	-7.08	-6.29	2.58	-25.37	-4.16	-6.52	-14.69	-24.15	22.61
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-228.83	-222.35	47.51	33.15	39.56	39.72	33.35	22.62	39.82	57.08	52.09	56.67	56.76	70.9	74.31
Long-Term Debt/Equity (%)	2.65	2.16	7.54	7.42	6.64	4.86	22.87	15.19	11.36	6.71	12.51	17.96	24.38	7.78	6.52
Long-Term Debt/Capital (%)	-1.03	2.08	2.33	6.66	6.11	4.48	17.22	10.98	9.81	6.12	10.75	14.8	18.82	6.9	5.86
Long-Term Debt/Total Assets (%)	2.27	2.01	6.61	6.5	6.04	4.25	17	8.83	8.29	5.77	9.98	13.79	17.77	6.57	5.6
Total Debt/Equity (%)	11.21	4.37	10.29	11.71	8.75	8.55	32.78	38.33	15.86	9.61	16.43	21.32	29.56	12.7	11.28
Total Debt/Capital (%)	-4.37	4.21	3.17	10.51	8.05	7.88	24.69	27.71	13.69	8.77	14.11	17.57	22.82	11.27	10.14
Total Debt/Total Assets (%)	9.59	4.07	9.02	10.25	7.95	7.47	24.37	22.27	11.57	8.26	13.11	16.37	21.55	10.72	9.7
Net Debt to Equity	9.07	-7.76	-4.13	10.37	-3.01	2.9	31.71	35.33	14.04	6.89	13.91	-1.23	14.43	3.45	0.14
Net Debt/Capital (%)	-3.52	-8.41	-1.33	9.33	-3.09	2.82	24.07	26.1	12.31	6.44	12.21	-1.25	12.61	3.34	0.14
EBITDA	-1	- -	- -	- -	- -	-1	- -	-1	- -	-2	- -	- -	-2	-1	2
EBITDA-CapEx	-1	-1	-2	-1	- -	-2	- -	-1	- -	-2	- -	-2	-5	-4	- -
Operating Income (Loss)	-1	-1	- -	- -	- -	-1	- -	-1	- -	-2	- -	-1	-3	-2	1

Liquidity	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	0.17	2.97	2.04	0.09	3.57	0.61	0.1	0.07	0.1	0.34	0.23	2.1	1.32	1	1.33
Current Ratio	0.23	3.31	2.84	0.22	4.16	1.08	0.32	0.23	0.61	1.05	0.96	2.84	1.96	2.06	2.57
Quick Ratio	0.17	3.06	2.46	0.13	4.11	1.04	0.25	0.12	0.34	0.66	0.55	2.32	1.59	1.56	1.93
CFO/Avg Current Liab	-1.16	-2.36	1.16	1.17	-1.3	-3.31	-0.2	-0.45	0.19	-1.41	0.25	-0.45	-1	-1.16	1.25
Common Equity/Total Assets	-228.83	-222.35	47.51	33.15	39.56	39.72	33.35	22.62	39.82	57.08	52.09	56.67	56.76	70.9	74.31
Long-Term Debt/Equity (%)	2.65	2.16	7.54	7.42	6.64	4.86	22.87	15.19	11.36	6.71	12.51	17.96	24.38	7.78	6.52
Long-Term Debt/Capital (%)	-1.03	2.08	2.33	6.66	6.11	4.48	17.22	10.98	9.81	6.12	10.75	14.8	18.82	6.9	5.86
Long-Term Debt/Total Assets (%)	2.27	2.01	6.61	6.5	6.04	4.25	17	8.83	8.29	5.77	9.98	13.79	17.77	6.57	5.6
Total Debt/Equity (%)	11.21	4.37	10.29	11.71	8.75	8.55	32.78	38.33	15.86	9.61	16.43	21.32	29.56	12.7	11.28
Total Debt/Capital (%)	-4.37	4.21	3.17	10.51	8.05	7.88	24.69	27.71	13.69	8.77	14.11	17.57	22.82	11.27	10.14
Total Debt/Total Assets (%)	9.59	4.07	9.02	10.25	7.95	7.47	24.37	22.27	11.57	8.26	13.11	16.37	21.55	10.72	9.7
CFO/Total Liabilities	-76.72	-246.42	37.08	52.13	-59.08	-140.03	-5.84	-18.13	13.33	-94.79	9.4	-14.17	-27.83	-55.56	62.73
CFO/CapEx	-44.6	-22.79	0.11	0.35	-22.94	-2	-0.8	-2.87	1.65	-2.01	1.72	-0.3	-0.44	-0.85	0.97
Altman's Z-Score	9.08	33.72	6.45	1.87	5.37	1.99	0.53	-0.62	2.71	5.9	3.5	5.11	8.09	11.26	13.71

Working Capital	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	140.13	28.22	213.88	- -	6.24	1.2	23.91	11.48	23.65	18.98	32.16	19.89	22.68	14.54	14.02
Days Sales Outstanding	2.6	12.93	1.71	- -	58.51	303.84	15.27	31.79	15.43	19.23	11.35	18.35	16.1	25.11	26.04
Inventory Turnover	8.05	20.12	8.46	9.47	18.57	- -	- -	5.16	14.4	20.35	26.36	17.87	23.18	19.29	12.97
Days Inventory Outstanding	45.33	18.14	43.14	38.53	19.65	- -	- -	70.74	25.34	17.94	13.84	20.43	15.75	18.92	28.15
Accounts Payable Turnover	5.75	3.74	1.81	1.55	2.15	6.04	20.77	4.38	10.39	11.22	11.65	9.51	10.42	13.74	18.71
Accounts Payable Turnover Days	63.49	97.64	201.85	234.75	170.02	60.44	17.57	83.36	35.13	32.52	31.32	38.38	35.03	26.56	19.51
Cash Conversion Cycle	-15.56	-66.56	-157	-196.22	-91.86	243.4	-2.31	19.17	5.65	4.65	-6.13	0.4	-3.18	17.47	34.68
Inventory to Cash Days	-42.72	-5.21	-41.44	-38.53	38.85	303.84	15.27	-38.95	-9.91	1.29	-2.49	-2.08	0.35	6.19	-2.11
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	9	14	9	5	7	7	8	12	17	19	17	34	76	67	78
- Cash & Cash Equivalents	- -	- -	1	- -	1	- -	- -	- -	- -	- -	- -	3	2	2	2
+ Preferred Equity and Hybrid Capital	- -	10	10	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	2	3	3	3	3	3	3	3	3	3	3	3	3
+ Total Debt	- -	- -	1	1	- -	1	2	2	1	1	1	2	4	2	2
Enterprise Value	10	24	22	8	10	10	13	17	21	23	21	37	81	71	80
Total Capital	-6	3	16	6	6	6	8	7	8	10	10	14	17	20	23
Total Debt/Capital (%)	-4.37	4.21	3.17	10.51	8.05	7.88	24.69	27.71	13.69	8.77	14.11	17.57	22.82	11.27	10.14
Total Debt / EV	0.03	0.01	0.02	0.07	0.05	0.05	0.14	0.12	0.05	0.04	0.07	0.07	0.05	0.03	0.03
EV/Sales	21.43	116.8	14.84	9.14	89.03	112.32	7.04	30.52	4.94	6.31	3.44	6.46	10.56	7.37	5.89
EV/EBITDA	- -	- -	80.34	37.08	- -	- -	- -	- -	46.62	- -	92.5	- -	- -	- -	32.59
EV/EBIT	- -	- -	123.6	105.14	- -	- -	- -	- -	71.07	- -	- -	- -	- -	- -	80.43
EV/Cash Flow to Firm	- -	- -	84.82	20.72	- -	- -	- -	- -	46.68	- -	72.21	- -	- -	- -	37.42
EV/Free Cash Flow to Firm	- -	- -	8.62	5.55	- -	- -	166.36	- -	32.14	- -	51.11	29.06	41.37	164.11	18.59
Diluted Market Cap	9	14	9	5	7	7	8	12	17	20	17	34	76	67	78
Diluted Enterprise Value	10	24	22	8	10	10	13	17	21	23	21	37	81	71	80
EV per Share	3.58	7.89	6.66	2.54	1.78	1.59	2.03	2.39	2.64	2.67	2.38	3.99	7.91	5.99	6.56
TTM Sales	- -	- -	1	1	- -	- -	2	1	4	4	6	6	8	10	14
TTM EBITDA	-1	- -	- -	- -	- -	-1	- -	-1	- -	-2	- -	- -	-2	-1	2
TTM Operating Income	-1	-1	- -	- -	- -	-1	- -	-1	- -	-2	- -	-1	-3	-2	1
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	-1	- -	-1	- -	-1	- -	- -	-1	-2	2
TTM Free Cash Flow to Firm	- -	- -	3	1	- -	-1	- -	- -	1	-1	- -	1	2	- -	4

Multiples		2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings		- -	- -	- -	- -	- -	- -	- -	- -	436	23.14	- -	- -	- -

Idaho Strategic Resources, Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples