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
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

Return on Common Equity (%)	- -	4.82	6.09	-1.47	24.38	-8.3	4.97	14.17	10.98
Return on Assets (%)	- -	4.23	5.61	-1.29	21.12	-5.55	4.69	10.63	8.99
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	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
Profit Margin (%)	91.66	84.15	85.12	320.93	96.51	111.11	92.75	98.21	97.9
Net Income to Common Margin (%)	91.66	84.15	85.12	320.93	96.51	121.5	63.5	86.04	81.73
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	8.56	-46.05	-14.15	-19.77
Sustainable Growth Rate (%)	- -	4.82	6.09	-1.47	24.38	-7.59	7.25	16.17	13.15

Credit (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 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

Total Debt	14	- -	- -	8	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	14	- -	- -	8	- -	- -	- -	- -	- -
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	78.83	95.49	89.39	85.4	87.43	64.16	65.03	66.47	70.38
Long-Term Debt/Equity (%)	18.23	- -	- -	5.39	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	16.27	- -	- -	5.11	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	15.32	- -	- -	4.6	- -	- -	- -	- -	- -
Total Debt/Equity (%)	18.23	- -	- -	5.39	- -	- -	- -	- -	- -
Total Debt/Capital (%)	16.27	- -	- -	5.11	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	15.32	- -	- -	4.6	- -	- -	- -	- -	- -
Net Debt to Equity	-18.64	- -	-0.04	-0.12	-12.18	-0.07	-0.03	-0.07	-0.15
Net Debt/Capital (%)	-19.97	- -	-0.04	-0.11	-13.87	-0.07	-0.03	-0.07	-0.15
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 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

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	78.83	95.49	89.39	85.4	87.43	64.16	65.03	66.47	70.38
Long-Term Debt/Equity (%)	18.23	- -	- -	5.39	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	16.27	- -	- -	5.11	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	15.32	- -	- -	4.6	- -	- -	- -	- -	- -
Total Debt/Equity (%)	18.23	- -	- -	5.39	- -	- -	- -	- -	- -
Total Debt/Capital (%)	16.27	- -	- -	5.11	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	15.32	- -	- -	4.6	- -	- -	- -	- -	- -
CFO/Total Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.12	0.04	0.05	-0.06	0.27	-0.11	-0.01	0.13	0.17

Working Capital (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 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

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)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 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

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	14	- -	- -	- -	26	- -	- -	- -	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	98	98	98	98
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	14	- -	- -	8	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	7	-26	98	98	97	97
Total Capital	86	102	125	147	212	346	362	370	366
Total Debt/Capital (%)	16.27	- -	- -	5.11	- -	- -	- -	- -	- -
Total Debt / EV	-43.7	- -	- -	1.02	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	4.87	2.21	2.68
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
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	11	5	8	-1	44	-16	20	44	36
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 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

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	7	-26	98	98	97	97
Low Price	- -	- -	- -	- -	- -	23	21.61	21.89	22.09
EV/Sales	- -	- -	- -	- -	- -	- -	4.87	2.21	2.68
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	- -	- -	- -	- -	- -	- -	4.87	2.21	2.68
EV/Sales High	- -	- -	- -	- -	- -	- -	4.87	2.21	2.68
EV/Sales Low	- -	- -	- -	- -	- -	- -	4.87	2.21	2.68
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	20.88	20.96	22.02	23.33
High Price	- -	- -	- -	- -	- -	25.04	25.2	24.16	24.8
Enterprise Value Average	- -	- -	- -	7	-26	98	98	97	97
Enterprise Value High	- -	- -	- -	7	-26	98	98	97	97
Enterprise Value Low	- -	- -	- -	7	-26	98	98	97	97

Shares Outstanding	4	5	7	10	13	19	22	22	22
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	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -

RiverNorth Opportunities Fund, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)