Niocorp Developments Stock Debt To Equity
| NB Stock | CAD 3.24 0.16 4.71% |
Niocorp Developments fundamentals help investors to digest information that contributes to Niocorp Developments' financial success or failures. It also enables traders to predict the movement of Niocorp Stock. The fundamental analysis module provides a way to measure Niocorp Developments' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Niocorp Developments stock.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | (0.89) | (0.84) |
Niocorp | Debt To Equity |
Niocorp Developments Company Debt To Equity Analysis
Niocorp Developments' Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Current Niocorp Developments Debt To Equity | 112.80 % |
Most of Niocorp Developments' fundamental indicators, such as Debt To Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Niocorp Developments is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Niocorp Debt To Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Niocorp Developments is extremely important. It helps to project a fair market value of Niocorp Stock properly, considering its historical fundamentals such as Debt To Equity. Since Niocorp Developments' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Niocorp Developments' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Niocorp Developments' interrelated accounts and indicators.
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High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
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Niocorp Total Stockholder Equity
Total Stockholder Equity |
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According to the company disclosure, Niocorp Developments has a Debt To Equity of 112%. This is 75.13% higher than that of the Metals & Mining sector and 75.45% higher than that of the Materials industry. The debt to equity for all Canada stocks is 131.62% lower than that of the firm.
Niocorp Developments Current Valuation Drivers
We derive many important indicators used in calculating different scores of Niocorp Developments from analyzing Niocorp Developments' financial statements. These drivers represent accounts that assess Niocorp Developments' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Niocorp Developments' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 139.8M | 330.6M | 184.1M | 144.7M | 130.2M | 136.8M | |
| Enterprise Value | 144.8M | 333.7M | 181.7M | 153.2M | 137.9M | 144.8M |
Niocorp Fundamentals
| Return On Equity | -7.72 | |||
| Return On Asset | -1.23 | |||
| Current Valuation | 120.06 M | |||
| Shares Outstanding | 36.25 M | |||
| Shares Owned By Insiders | 7.21 % | |||
| Shares Owned By Institutions | 4.95 % | |||
| Number Of Shares Shorted | 103.3 K | |||
| Price To Earning | (6.71) X | |||
| Price To Book | 11.00 X | |||
| EBITDA | (39.48 M) | |||
| Net Income | (40.08 M) | |||
| Cash And Equivalents | 126 K | |||
| Total Debt | 2.9 M | |||
| Debt To Equity | 112.80 % | |||
| Current Ratio | 0.16 X | |||
| Book Value Per Share | (0.18) X | |||
| Cash Flow From Operations | (17.3 M) | |||
| Short Ratio | 9.84 X | |||
| Earnings Per Share | (1.76) X | |||
| Target Price | 18.75 | |||
| Beta | 0.13 | |||
| Market Capitalization | 117.46 M | |||
| Total Asset | 20.93 M | |||
| Retained Earnings | (150.48 M) | |||
| Working Capital | 164 K | |||
| Net Asset | 20.93 M |
About Niocorp Developments Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Niocorp Developments's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Niocorp Developments using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Niocorp Developments based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Niocorp Developments in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Niocorp Developments' short interest history, or implied volatility extrapolated from Niocorp Developments options trading.
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Complementary Tools for Niocorp Stock analysis
When running Niocorp Developments' price analysis, check to measure Niocorp Developments' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Niocorp Developments is operating at the current time. Most of Niocorp Developments' value examination focuses on studying past and present price action to predict the probability of Niocorp Developments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Niocorp Developments' price. Additionally, you may evaluate how the addition of Niocorp Developments to your portfolios can decrease your overall portfolio volatility.
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