RiverNorth Opportunities Fund, Inc. Financial Ratios — RIV-PA

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	10/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	06/30/2024	06/30/2025	06/30/2026

Return on Common Equity (%)	- -	4.7	6.11	-1.47	24.38	-8.3	4.97	14.17	10.98	10.46
Return on Assets (%)	- -	4.23	5.61	-1.29	21.12	-5.55	4.69	10.63	8.99	8.92
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 (%)	91.66	84.15	85.12	320.93	96.51	111.11	92.75	98.21	97.9	98.36
Profit Margin (%)	91.66	84.15	85.12	320.93	96.51	111.11	92.75	98.21	97.9	98.36
Net Income to Common Margin (%)	91.66	84.15	85.12	320.93	96.51	121.5	63.5	86.04	81.73	82.84
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	8.56	-46.05	-14.15	-19.77	-18.73
Sustainable Growth Rate (%)	- -	4.7	6.11	-1.47	24.38	-7.59	7.25	16.17	13.15	12.42

Credit (USD)

Credit Ratios API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	10/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	06/30/2024	06/30/2025	06/30/2026

Total Debt	14	- -	- -	8	- -	- -	- -	- -	- -	15
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	14	- -	- -	8	- -	- -	- -	- -	- -	15
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	84.08	95.06	89.39	85.4	87.43	64.16	65.03	66.47	70.38	73.14
Long-Term Debt/Equity (%)	18.23	- -	- -	5.39	- -	- -	- -	- -	- -	3.51
Long-Term Debt/Capital (%)	15.42	- -	- -	5.11	- -	- -	- -	- -	- -	3.39
Long-Term Debt/Total Assets (%)	15.32	- -	- -	4.6	- -	- -	- -	- -	- -	3.32
Total Debt/Equity (%)	18.23	- -	- -	5.39	- -	- -	- -	- -	- -	3.51
Total Debt/Capital (%)	15.42	- -	- -	5.11	- -	- -	- -	- -	- -	3.39
Total Debt/Total Assets (%)	15.32	- -	- -	4.6	- -	- -	- -	- -	- -	3.32
Net Debt to Equity	-18.64	- -	-0.04	-0.12	-12.18	-0.07	-0.03	-0.07	-0.15	-0.35
Net Debt/Capital (%)	-18.72	- -	-0.04	-0.11	-13.87	-0.07	-0.03	-0.07	-0.15	-0.34
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	10/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	06/30/2024	06/30/2025	06/30/2026

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	84.08	95.06	89.39	85.4	87.43	64.16	65.03	66.47	70.38	73.14
Long-Term Debt/Equity (%)	18.23	- -	- -	5.39	- -	- -	- -	- -	- -	3.51
Long-Term Debt/Capital (%)	15.42	- -	- -	5.11	- -	- -	- -	- -	- -	3.39
Long-Term Debt/Total Assets (%)	15.32	- -	- -	4.6	- -	- -	- -	- -	- -	3.32
Total Debt/Equity (%)	18.23	- -	- -	5.39	- -	- -	- -	- -	- -	3.51
Total Debt/Capital (%)	15.42	- -	- -	5.11	- -	- -	- -	- -	- -	3.39
Total Debt/Total Assets (%)	15.32	- -	- -	4.6	- -	- -	- -	- -	- -	3.32
CFO/Total Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.12	0.04	0.05	-0.06	0.27	6.63	6.91	7.8	20.07	15.67

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	10/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	06/30/2024	06/30/2025	06/30/2026

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)

Enterprise Value API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	10/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	06/30/2024	06/30/2025	06/30/2026

Market Capitalization	- -	- -	- -	- -	- -	463	511	503	508	609
- Cash & Cash Equivalents	14	- -	- -	- -	26	- -	- -	- -	1	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	98	98	98	98	98
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	14	- -	- -	8	- -	- -	- -	- -	- -	15
Enterprise Value	- -	- -	- -	7	-26	560	609	601	605	720
Total Capital	91	102	125	147	212	346	362	370	366	443
Total Debt/Capital (%)	15.42	- -	- -	5.11	- -	- -	- -	- -	- -	3.39
Total Debt / EV	-43.7	- -	- -	1.02	- -	- -	- -	- -	- -	0.02
EV/Sales	- -	- -	- -	- -	- -	- -	30.36	13.61	16.68	19.05
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	7	-26	98	98	97	97	111
EV per Share	- -	- -	- -	0.77	- -	30.18	27.97	27.59	27.79	26.31
TTM Sales	11	5	8	-1	44	-16	20	44	36	38
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	10/31/2017	07/31/2018	07/31/2019	07/31/2020	07/31/2021	07/31/2022	07/31/2023	06/30/2024	06/30/2025	06/30/2026

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	7	-26	560	609	601	605	720
Low Price	- -	- -	- -	- -	- -	23	21.61	21.89	22.09	21.84
EV/Sales	- -	- -	- -	- -	- -	- -	30.36	13.61	16.68	19.05
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	1.86	1.93	1.85	1.89	1.84
Price/Book Value Average	- -	- -	- -	- -	- -	1.82	1.93	1.85	1.9	1.91
Price/Book Value High	- -	- -	- -	- -	- -	1.87	2.08	1.93	2.01	1.96
Price/Book Value Low	- -	- -	- -	- -	- -	1.72	1.78	1.75	1.79	1.81
Price/Tangible Book Value	- -	- -	- -	- -	- -	1.86	1.93	1.85	1.89	1.84
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	1.82	1.93	1.85	1.9	1.91
Price/Tangible Book Value High	- -	- -	- -	- -	- -	1.87	2.08	1.93	2.01	1.96
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	1.72	1.78	1.75	1.79	1.81
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	- -	- -	- -	- -	- -	- -	30.27	13.58	16.76	19.61
EV/Sales High	- -	- -	- -	- -	- -	- -	32.22	14.13	17.57	20.09
EV/Sales Low	- -	- -	- -	- -	- -	- -	28.33	13.01	15.94	18.76
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	24.93	23.48	23.11	23.33	22.25
High Price	- -	- -	- -	- -	- -	25.04	25.2	24.16	24.8	23.68
Enterprise Value Average	- -	- -	- -	7	-26	551	607	599	608	741
Enterprise Value High	- -	- -	- -	7	-26	562	646	623	638	759
Enterprise Value Low	- -	- -	- -	7	-26	524	568	574	578	709

Shares Outstanding	4	5	7	10	13	19	22	22	22	27
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	3.7	- -	0.01	0.02	2.04	0.01	- -	0.01	0.02	0.05
Book Value per Share	19.84	18.71	17.07	14.61	16.78	13.4	12.14	12.49	12.33	12.06
Tangible Book Value per Share	19.84	18.71	17.07	14.61	16.78	13.4	12.14	12.49	12.33	12.06

RiverNorth Opportunities Fund, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)