Neuberger High Yield Strategies Fund Inc. Financial Ratios — NHS

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	8.15	-1.8	8.47	0.59	13.06	-19.17	2.05	17.71	8.65
Return on Assets (%)	- -	6.12	-0.8	5.92	0.81	8.21	-11.39	1.24	12.09	6.09
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	93.57	92.47	370.5	88.3	49.81	90.82	110.24	38.16	90.88	86.22
Profit Margin (%)	93.57	92.47	370.5	88.3	49.81	90.82	110.24	38.16	90.88	86.22
Net Income to Common Margin (%)	89.93	87.64	558.13	81.49	23.1	90.82	110.24	38.16	90.88	86.22
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	67.29	72.88	-312.08	79.72	1,398.52	60.67	-53.82	629.02	75.86	162.83
Sustainable Growth Rate (%)	- -	2.21	-7.41	1.72	-7.63	5.14	-29.49	-10.84	4.27	-5.43

Credit (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	90	90	90	90	33	29	46	66	44	61
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	90	90	90	90	33	29	46	66	44	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	72.52	69.75	64.37	64.58	63.69	61.88	56.98	63.98	72.36	68.66
Long-Term Debt/Equity (%)	35.11	34.24	36.94	36.33	14.22	16.03	27.27	33.95	18.58	26.15
Long-Term Debt/Capital (%)	24.33	24.63	26.98	26.65	12.45	13.82	21.43	25.34	15.67	20.73
Long-Term Debt/Total Assets (%)	23.32	22.79	23.78	23.46	9.06	9.92	15.54	21.72	13.44	17.95
Total Debt/Equity (%)	35.11	34.24	36.94	36.33	14.22	16.03	27.27	33.95	18.58	26.15
Total Debt/Capital (%)	24.33	24.63	26.98	26.65	12.45	13.82	21.43	25.34	15.67	20.73
Total Debt/Total Assets (%)	23.32	22.79	23.78	23.46	9.06	9.92	15.54	21.72	13.44	17.95
Net Debt to Equity	-0.33	-0.04	-0.01	-0.3	-0.01	- -	- -	- -	- -	- -
Net Debt/Capital (%)	-0.23	-0.03	- -	-0.22	-0.01	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	72.52	69.75	64.37	64.58	63.69	61.88	56.98	63.98	72.36	68.66
Long-Term Debt/Equity (%)	35.11	34.24	36.94	36.33	14.22	16.03	27.27	33.95	18.58	26.15
Long-Term Debt/Capital (%)	24.33	24.63	26.98	26.65	12.45	13.82	21.43	25.34	15.67	20.73
Long-Term Debt/Total Assets (%)	23.32	22.79	23.78	23.46	9.06	9.92	15.54	21.72	13.44	17.95
Total Debt/Equity (%)	35.11	34.24	36.94	36.33	14.22	16.03	27.27	33.95	18.58	26.15
Total Debt/Capital (%)	24.33	24.63	26.98	26.65	12.45	13.82	21.43	25.34	15.67	20.73
Total Debt/Total Assets (%)	23.32	22.79	23.78	23.46	9.06	9.92	15.54	21.72	13.44	17.95
CFO/Total Liabilities	15.04	12.91	11.89	15.43	16.19	93.45	-38.33	-5.34	23.6	3.4
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.08	0.07	-0.12	-0.02	-0.12	- -	-0.42	-0.32	-0.1	-0.13

Working Capital (USD)

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

Enterprise Value (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	1	- -	- -	1	- -	- -	- -	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	90	90	90	90	33	29	46	66	44	61
Enterprise Value	89	90	90	89	33	29	46	66	44	61
Total Capital	370	365	333	337	262	210	214	260	278	294
Total Debt/Capital (%)	24.33	24.63	26.98	26.65	12.45	13.82	21.43	25.34	15.67	20.73
Total Debt / EV	1.01	1	1	1.01	1	1	1	1	1	1
EV/Sales	3.05	3.48	- -	3.5	5.37	0.98	- -	6.77	1.04	2.6
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	4.57	5.28	5.61	4.26	1.54	0.28	- -	- -	2.06	16.84
EV/Free Cash Flow to Firm	4.57	5.28	5.61	4.26	1.54	0.28	- -	- -	2.06	16.84
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	89	90	90	89	33	29	46	66	44	61
EV per Share	4.56	4.59	4.65	4.59	1.73	1.66	3.14	2.84	1.65	- -
TTM Sales	29	26	-1	26	6	30	-30	10	42	23
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	19	17	16	21	21	104	-49	-6	21	4
TTM Free Cash Flow to Firm	19	17	16	21	21	104	-49	-6	21	4

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	89	90	90	89	33	29	46	66	44	61
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	3.05	3.48	- -	3.5	5.37	0.98	- -	6.77	1.04	2.6
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	3.05	3.48	- -	3.5	5.37	0.98	- -	6.77	1.04	2.6
EV/Sales High	3.05	3.48	- -	3.5	5.37	0.98	- -	6.77	1.04	2.6
EV/Sales Low	3.05	3.48	- -	3.5	5.37	0.98	- -	6.77	1.04	2.6
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	89	90	90	89	33	29	46	66	44	61
Enterprise Value High	89	90	90	89	33	29	46	66	44	61
Enterprise Value Low	89	90	90	89	33	29	46	66	44	61

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	- -	20	20	20	15	19	26	30	31
Diluted Weighted Avg Shares	20	20	19	19	19	18	15	23	26	- -
Basic Weighted Avg Shares	20	20	19	19	19	18	15	23	26	- -
Revenue per Share	1.5	1.32	-0.04	1.31	0.32	1.68	-2.08	0.42	1.58	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.35	1.16	-0.24	1.07	0.07	1.53	-2.29	0.16	1.44	- -
Basic EPS from Cont Ops	1.4	1.22	-0.16	1.16	0.16	1.53	-2.29	0.16	1.44	- -
Diluted EPS, GAAP	1.35	1.16	-0.24	1.07	0.07	1.53	-2.29	0.16	1.44	- -
Diluted EPS from Cont Ops	1.4	1.22	-0.16	1.16	0.16	1.53	-2.29	0.16	1.44	- -
Dividend per Share	0.96	0.91	0.83	0.94	1.12	0.93	1.23	1.01	1.09	- -
Cash Flow per Share	1	0.87	0.83	1.08	1.12	5.95	-3.33	-0.25	0.8	- -
Free Cash Flow per Basic Share	1	0.87	0.83	1.08	1.12	5.95	-3.33	-0.25	0.8	- -
Cash & Equivalents per Share	0.04	0.01	- -	0.04	- -	- -	- -	- -	- -	- -
Book Value per Share	14.32	14.05	12.59	12.75	12.14	10.34	11.51	8.37	8.89	- -
Tangible Book Value per Share	13.12	13.41	12.59	12.75	12.14	10.34	11.51	8.37	8.89	- -

Neuberger High Yield Strategies Fund Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)