RiverNorth Opportunities Fund, Inc. Financial Ratios — RIV

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	3.39	11.86	5.2	3.5	4.8	3.83	3.36	3.69	8.89

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	79	104	127	141	230	271	249	234	223
- 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	79	104	127	148	204	368	347	331	320
Total Capital	86	102	125	147	212	346	362	370	366
Total Debt/Capital (%)	16.27	- -	- -	5.11	- -	- -	- -	- -	- -
Total Debt / EV	0.18	- -	- -	0.05	- -	- -	- -	- -	- -
EV/Sales	7.27	20.83	15.63	- -	4.6	- -	17.29	7.5	8.82
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	79	104	127	141	230	271	249	234	223
Diluted Enterprise Value	79	104	127	148	204	368	347	331	320
EV per Share	20.42	19.14	17.37	15.58	16.17	19.85	15.99	17.36	17.61
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	79	104	127	148	204	368	347	331	320
Low Price	18.29	18.8	14.2	8.65	13.75	12.56	10.82	9.63	10.11
EV/Sales	7.27	20.83	15.63	- -	4.6	- -	17.29	7.5	8.82
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	7.96	24.76	18.38	- -	5.37	- -	19.56	6.15	7.51
Price/Earnings Average	7.74	26.67	18.29	-75.69	4.86	-15.64	20.75	5.69	7.44
Price/Earnings High	8.38	27.98	21.19	-86.32	5.53	-18.21	25.98	6.24	7.94
Price/Earnings Low	7.1	24.32	15.01	-42.4	4.06	-12.2	18.42	4.84	6.19
Price/Book Value	1.1	1.02	1.02	1.01	1.09	1.09	0.94	0.86	0.83
Price/Book Value Average	1.07	1.1	1.01	1.06	0.98	1.2	1	0.79	0.82
Price/Book Value High	1.16	1.15	1.17	1.21	1.12	1.4	1.25	0.87	0.88
Price/Book Value Low	0.98	1	0.83	0.59	0.82	0.94	0.89	0.68	0.68
Price/Tangible Book Value	1.03	1.02	1.02	1.01	1.09	1.09	0.94	0.86	0.83
Price/Tangible Book Value Average	1.01	1.1	1.01	1.06	0.98	1.2	1	0.79	0.82
Price/Tangible Book Value High	1.09	1.16	1.17	1.21	1.12	1.4	1.25	0.87	0.88
Price/Tangible Book Value Low	0.92	1	0.83	0.59	0.82	0.94	0.89	0.68	0.68
Price/Sales	7.3	20.83	15.64	-232.97	5.18	-17.23	12.42	5.29	6.14
Price/Sales Average	7.1	22.44	15.57	-242.9	4.69	-19	13.18	4.9	6.08
Price/Sales High	7.68	23.54	18.03	-277.01	5.34	-22.13	16.5	5.37	6.49
Price/Sales Low	6.51	20.46	12.78	-136.07	3.91	-14.82	11.7	4.16	5.06
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	7.07	22.44	15.57	- -	4.11	- -	18.05	7.1	8.76
EV/Sales High	7.65	23.54	18.03	- -	4.76	- -	21.37	7.58	9.17
EV/Sales Low	6.48	20.46	12.77	- -	3.33	- -	16.57	6.37	7.74
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	20.5	19.14	17.38	14.81	18.21	14.6	11.49	12.25	12.26
High Price	21.57	21.63	20.04	17.61	18.75	18.75	15.26	12.43	12.96
Enterprise Value Average	77	112	126	154	182	396	362	314	318
Enterprise Value High	83	117	146	175	211	445	428	335	333
Enterprise Value Low	71	102	104	90	148	331	332	281	281

Shares Outstanding	4	5	7	10	13	19	22	22	22
Diluted Weighted Avg Shares	4	5	7	10	13	19	22	19	18
Basic Weighted Avg Shares	4	5	7	10	13	19	22	19	18
Revenue per Share	2.81	0.92	1.11	-0.06	3.51	-0.85	0.93	2.31	2
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	2.58	0.77	0.95	-0.2	3.39	-1.03	0.59	1.99	1.63
Basic EPS from Cont Ops	2.58	0.77	0.95	-0.2	3.39	-0.94	0.86	2.27	1.96
Diluted EPS, GAAP	2.58	0.77	0.95	-0.2	3.39	-1.03	0.59	1.99	1.63
Diluted EPS from Cont Ops	2.58	0.77	0.95	-0.2	3.39	-0.94	0.86	2.27	1.96
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	0.01	0.03
Book Value per Share	18.6	18.79	17.07	14.61	16.78	13.4	12.18	14.25	14.79
Tangible Book Value per Share	19.84	18.71	17.07	14.61	16.78	13.4	12.18	14.25	14.79

RiverNorth Opportunities Fund, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)