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NioCorp Developments has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.NioCorp Developments did not have earnings to cover the interest expense. As of today, NioCorp Developments's Altman Z-Score is 0.00.
For the Other Industrial Metals & Mining subindustry, NioCorp Developments's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Metals & Mining industry and Basic Materials sector, NioCorp Developments's Financial Strength distribution charts can be found below:
* The bar in red indicates where NioCorp Developments's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
NioCorp Developments's Interest Expense for the months ended in Jun. 2024 was $-0.22 Mil. Its Operating Income for the months ended in Jun. 2024 was $-2.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.10 Mil.
NioCorp Developments's Interest Coverage for the quarter that ended in Jun. 2024 is
NioCorp Developments did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
NioCorp Developments's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Jun. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (7.756 | + | 0.104) | / | 0 | |
= | N/A |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
NioCorp Developments has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NioCorp Developments (NAS:NB) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
NioCorp Developments has the Financial Strength Rank of 4.
Thank you for viewing the detailed overview of NioCorp Developments's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Dean C Kehler | director | C/O TRIMARAN CAPITAL PARTNERS, 622 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017 |
Michael G Maselli | director | 1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019 |
Peter Robert Oliver | director | 7000 S YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Nilsa Guerrero-mahon | director | 7000 S. YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Klamas Fernanda Reda Fenga Viana | director | 7000 S YOSEMITE ST, SUITE 115, CENTENNIAL CO 80112 |
Mark A. Smith | director, officer: President, CEO & Chairman | 5619 DENVER TECH CENTER PARKWAY, SUITE 1000, GREENWOOD VILLAGE CO 80111 |
Anna Castner Wightman | director | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Ashburn John F. Jr. | officer: VP, Gen. Counsel & Corp. Sec. | 5619 DENVER TECH CENTER PARKWAY, SUITE 1000, GREENWOOD VILLAGE CO 80111 |
Joseph A Carrabba | director | CLEVELAND CLIFFS INC, 1100 SUPERIOR AVENUE, CLEVELAND OH 44114 |
Michael James Morris | director | 545 12TH STREET, PASO ROBLES CA 93445 |
Beling David Coates | director | 897 QUAIL RUN DRIVE, GRAND JUNCTION CO 81505 |
Neal S. Shah | officer: Chief Financial Officer | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
James T. Sims | officer: VP - External Affairs | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Scott Honan | officer: VP - Business Development | C/O NIOCORP DEVELOPMENTS LTD., 7000 YOSEMITE STREET, SUITE 115, CENTENNIAL CO 80112 |
Joe D Cecil | director |
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