NioCorp Developments Ltd. Financial Ratios — NB Stock

Profitability (USD)

	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	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	-32.16	-16.21	- -	- -	- -	- -	- -	- -	-55.55	-65.92	- -	- -	-111.77
Return on Assets (%)	-87.85	-14.29	-21.63	-10.99	-164	-85.07	-110.01	-75.26	-65.75	-36.24	-27.2	-46.11	-183.49	-55.78	-54.49
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income to Common Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	-32.16	-16.21	- -	- -	- -	- -	- -	- -	-55.55	-65.92	- -	- -	-111.77

Credit (USD)

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	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	2024 Y	2025 Y
Total Debt	- -	- -	- -	- -	2	7	5	6	3	5	11	4	11	8	- -
ST Debt	- -	- -	- -	- -	2	1	3	2	2	5	4	4	- -	8	- -
LT Debt	- -	- -	- -	- -	- -	6	2	4	1	- -	7	- -	11	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	-0.06	-0.79	-0.38	-1.05	-0.51	-1.53	-2.65	-0.55	-0.29	-0.57	-0.01
Net Debt/EBITDA	0.78	0.01	0.04	1.57	-0.03	-0.32	-0.36	-1.04	-0.46	-1.44	-0.82	0.14	-0.22	-0.41	2.14
Total Debt/EBIT	- -	- -	- -	- -	-0.06	-0.78	-0.38	-1.05	-0.51	-1.53	-2.65	-0.55	-0.29	-0.57	-0.01
Net Debt/EBIT	0.78	0.01	0.04	1.56	-0.03	-0.32	-0.36	-1.04	-0.46	-1.44	-0.82	0.14	-0.22	-0.41	2.14
EBITDA to Interest Expense	- -	- -	- -	- -	- -	-34.58	-48.14	-16.08	-24.2	-9.69	-2.65	-2.76	-16.01	-3.06	-249.06
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	-34.59	-48.14	-16.08	-24.2	-9.69	-6.74	-2.76	-16.01	-3.06	-249.17
EBIT to Interest Expense	- -	- -	- -	- -	- -	-34.61	-48.17	-16.09	-24.2	-9.69	-2.65	-2.76	-16.01	-3.06	-249.12
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	3	2	4	- -
Common Equity/Total Assets	-104.08	71.34	62.34	71.69	-10.34	-11.94	-60.11	-77.18	-69.88	27.24	58.73	81.99	-48.05	9.52	66.72
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	104.39	65.58	128.59	20.86	13.03	55.54	0.13	- -	4.1	0.11
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	114.54	-119.17	-176.68	-22.72	4.17	29.1	0.1	377.64	0.92	0.11
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	42.41	16.7	36.57	9.13	3.13	29.99	0.1	51.24	0.52	0.08
Total Debt/Equity (%)	- -	- -	- -	- -	29.93	120.54	180.98	198.62	67.85	199.09	82.11	24.19	-121.75	310.18	0.45
Total Debt/Capital (%)	- -	- -	- -	- -	495.05	132.26	-328.85	-272.89	-73.91	63.7	43.02	18.64	380.14	69.53	0.43
Total Debt/Total Assets (%)	- -	- -	- -	- -	12.96	48.97	46.09	56.48	29.7	47.81	44.34	18.78	51.58	39.16	0.3
Net Debt to Equity	-15.02	-0.1	-0.33	-19.01	14.91	49.31	172.74	196.34	60.49	187.47	25.41	-6.29	-92.7	222.89	-87.63
Net Debt/Capital (%)	11.83	-0.13	-0.46	-30.87	-166	247.69	-273.05	-261.54	-61.01	62.3	18.76	-6.29	1,647.29	60.78	-549.67
EBITDA	-3	-1	-1	-2	-25	-10	-14	-6	-6	-3	-4	-8	-37	-14	-12
EBITDA-CapEx	-3	-1	-1	-2	-25	-10	-14	-6	-6	-3	-10	-8	-37	-14	-12
Operating Income (Loss)	-3	-1	-1	-2	-25	-10	-14	-6	-6	-3	-4	-8	-37	-14	-12

Liquidity (USD)

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	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	2024 Y	2025 Y
Cash Ratio	1.97	0.03	0.06	1.54	0.12	1.96	0.04	0.02	0.07	0.04	1.87	1.04	0.66	0.17	- -
Current Ratio	2.2	0.11	0.07	1.58	0.13	2	0.1	0.14	0.08	0.04	1.87	1.12	1.05	0.24	- -
Quick Ratio	2.03	0.08	0.06	1.57	0.12	1.96	0.04	0.02	0.07	0.04	1.87	1.04	0.66	0.17	- -
CFO/Avg Current Liab	-3.11	-0.92	-0.28	-0.92	-4.12	-2.49	-2.44	-1.17	-0.95	-0.46	-0.79	-1.37	-4.01	-1.51	-1.78
Common Equity/Total Assets	-104.08	71.34	62.34	71.69	-10.34	-11.94	-60.11	-77.18	-69.88	27.24	58.73	81.99	-48.05	9.52	66.72
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	104.39	65.58	128.59	20.86	13.03	55.54	0.13	- -	4.1	0.11
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	114.54	-119.17	-176.68	-22.72	4.17	29.1	0.1	377.64	0.92	0.11
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	42.41	16.7	36.57	9.13	3.13	29.99	0.1	51.24	0.52	0.08
Total Debt/Equity (%)	- -	- -	- -	- -	29.93	120.54	180.98	198.62	67.85	199.09	82.11	24.19	-121.75	310.18	0.45
Total Debt/Capital (%)	- -	- -	- -	- -	495.05	132.26	-328.85	-272.89	-73.91	63.7	43.02	18.64	380.14	69.53	0.43
Total Debt/Total Assets (%)	- -	- -	- -	- -	12.96	48.97	46.09	56.48	29.7	47.81	44.34	18.78	51.58	39.16	0.3
CFO/Total Liabilities	-175.56	-83.86	-26.25	-85.09	-263.82	-121.23	-126.13	-75.85	-69.87	-36.49	-41.98	-120.8	-58.04	-66.9	-72.72
CFO/CapEx	-40.5	-993.44	- -	-16.2	-641.37	-2,743.5	- -	- -	- -	- -	-0.75	-384.38	- -	- -	-2,132
Altman's Z-Score	-1.95	-2.18	-2.75	-2.1	-13.72	-7.41	-13.85	-12.52	-13.89	-13.92	-6.08	-7.89	-13.05	-12.07	-1.6

Working Capital (USD)

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	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	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	0.01	0.01	0.01	- -	- -	0.01	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	55,815.28	43,770.29	38,600.39	98,885.68	115,502.22	25,468.89	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	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	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	144	59	105
- Cash & Cash Equivalents	2	- -	- -	3	1	4	- -	- -	- -	- -	7	5	2	2	26
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	1
+ Total Debt	- -	- -	- -	- -	2	7	5	6	3	5	11	4	11	8	- -
Enterprise Value	-2	- -	- -	-3	1	3	5	6	3	5	4	-1	155	67	80
Total Capital	-17	10	7	12	- -	6	-2	-2	-4	8	25	23	3	11	30
Total Debt/Capital (%)	- -	- -	- -	- -	495.05	132.26	-328.85	-272.89	-73.91	63.7	43.02	18.64	380.14	69.53	0.43
Total Debt / EV	- -	- -	- -	- -	2.14	2.44	1.05	1.01	1.12	1.06	3.07	-4.25	0.07	0.12	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.13	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	144	59	105
Diluted Enterprise Value	-2	- -	- -	-3	1	3	5	6	3	5	4	-1	155	67	80
EV per Share	- -	- -	- -	- -	0.05	0.19	0.27	0.3	0.13	0.21	0.15	- -	5.4	1.95	1.78
TTM Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM EBITDA	-3	-1	-1	-2	-25	-10	-14	-6	-6	-3	-4	-8	-37	-14	-12
TTM Operating Income	-3	-1	-1	-2	-25	-10	-14	-6	-6	-3	-4	-8	-37	-14	-12
TTM Cash Flow to Firm	-2	-1	- -	-2	-17	-11	-10	-6	-4	-3	-3	-3	-15	-7	-11
TTM Free Cash Flow to Firm	-2	-1	- -	-1	-17	-11	-10	-6	-4	-3	3	-3	-15	-7	-11

Multiples (USD)

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	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	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-8.35	-5.06	-9.86
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-2	- -	- -	-3	1	3	5	6	3	5	4	-1	155	67	80
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.75	1.65	1.27
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4.19	-9.76	-5.12
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5.61	-16.09	-10.75
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-3.4	-4.95	-3.29
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-14.36	31.07	3.59
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-16.69	58.39	3.05
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-22.35	96.26	6.4
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-13.56	29.63	1.96
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-16.28	23.43	3.6
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-18.93	44.04	3.05
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-25.35	72.59	6.41
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-15.38	22.35	1.96
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-8.35	-5.06	-9.85
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-9.7	-9.51	-8.35
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-13	-15.68	-17.55
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-7.88	-4.83	-5.37
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-9.7	-9.51	-8.36
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-13	-15.68	-17.56
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-7.88	-4.83	-5.37
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	0.78	0.01	0.04	1.57	-0.03	-0.32	-0.36	-1.04	-0.46	-1.44	-0.86	0.13	-4.77	-8.65	-5.39
EV/EBITDA High	0.78	0.01	0.04	1.57	-0.03	-0.32	-0.36	-1.04	-0.46	-1.44	-0.86	0.13	-6.29	-13.91	-13.59
EV/EBITDA Low	0.78	0.01	0.04	1.57	-0.03	-0.32	-0.36	-1.04	-0.46	-1.44	-0.86	0.13	-3.93	-4.65	-2.73
EV/EBIT Average	0.78	0.01	0.04	1.56	-0.03	-0.32	-0.36	-1.04	-0.46	-1.44	-0.86	0.13	-4.77	-8.65	-5.39
EV/EBIT High	0.78	0.01	0.04	1.56	-0.03	-0.32	-0.36	-1.04	-0.46	-1.44	-0.86	0.13	-6.29	-13.91	-13.59
EV/EBIT Low	0.78	0.01	0.04	1.56	-0.03	-0.32	-0.36	-1.04	-0.46	-1.44	-0.86	0.13	-3.93	-4.65	-2.73
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.03	1.73	2.33
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.83	5.36	4.15
Enterprise Value Average	-2	- -	- -	-3	1	3	5	6	3	5	4	-1	178	119	64
Enterprise Value High	-2	- -	- -	-3	1	3	5	6	3	5	4	-1	235	191	162
Enterprise Value Low	-2	- -	- -	-3	1	3	5	6	3	5	4	-1	147	64	33

	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	2024 Y	2025 Y
Shares Outstanding	8	9	9	12	16	18	20	21	23	24	26	28	31	38	- -
Diluted Weighted Avg Shares	6	8	9	10	14	16	19	21	22	23	24	26	29	34	45
Basic Weighted Avg Shares	6	8	9	10	14	16	19	21	22	23	24	26	29	34	45
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	-0.5	-0.16	-0.09	-0.18	-1.86	-0.58	-0.73	-0.29	-0.29	-0.15	-0.17	-0.3	-1.3	-0.4	-0.27
Operating Income per Share	-0.5	-0.16	-0.09	-0.18	-1.86	-0.58	-0.73	-0.29	-0.29	-0.15	-0.17	-0.3	-1.3	-0.4	-0.27
Basic EPS, GAAP	-1.38	-0.26	-0.32	-0.15	-1.7	-0.7	-0.78	-0.41	-0.33	-0.17	-0.2	-0.41	-1.4	-0.33	-0.39
Basic EPS from Cont Ops	-1.38	-0.26	-0.32	-0.15	-1.7	-0.7	-0.78	-0.41	-0.33	-0.17	-0.2	-0.41	-1.4	-0.35	-0.4
Diluted EPS, GAAP	-1.38	-0.26	-0.32	-0.15	-1.7	-0.7	-0.78	-0.41	-0.33	-0.17	-0.2	-0.41	-1.4	-0.33	-0.39
Diluted EPS from Cont Ops	-1.38	-0.26	-0.32	-0.15	-1.7	-0.7	-0.78	-0.41	-0.33	-0.17	-0.2	-0.41	-1.4	-0.35	-0.4
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.35	-0.14	-0.05	-0.15	-1.27	-0.67	-0.57	-0.29	-0.2	-0.13	-0.2	-0.23	-0.6	-0.34	-0.24
Free Cash Flow per Basic Share	-0.35	-0.14	-0.05	-0.16	-1.27	-0.67	-0.57	-0.29	-0.2	-0.13	-0.46	-0.23	-0.6	-0.34	-0.24
Cash & Equivalents per Share	0.39	- -	0.01	0.28	0.06	0.27	0.01	- -	0.02	0.01	0.3	0.2	0.08	0.06	0.57
Book Value per Share	-2.89	1.22	0.84	1.17	-0.09	-0.11	-0.36	-0.42	-0.35	0.13	0.59	0.71	-0.35	0.06	0.65
Tangible Book Value per Share	2.58	1.55	1.17	1.45	0.37	0.38	0.15	0.15	0.22	0.11	0.55	0.67	-0.31	0.07	0.65

NioCorp Developments Ltd.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)