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NB (NioCorp Developments) Net-Net Working Capital : $-0.20 (As of Mar. 2025)


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What is NioCorp Developments Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

NioCorp Developments's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $-0.20.

The industry rank for NioCorp Developments's Net-Net Working Capital or its related term are showing as below:

NB's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 7.25
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

NioCorp Developments Net-Net Working Capital Historical Data

The historical data trend for NioCorp Developments's Net-Net Working Capital can be seen below:

* 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.

* Premium members only.

NioCorp Developments Net-Net Working Capital Chart

NioCorp Developments Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.34 -0.15 0.01 -0.95 -0.45

NioCorp Developments Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.54 -0.45 -0.41 -0.24 -0.20

Competitive Comparison of NioCorp Developments's Net-Net Working Capital

For the Other Industrial Metals & Mining subindustry, NioCorp Developments's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.


NioCorp Developments's Price-to-Net-Net-Working-Capital Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, NioCorp Developments's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where NioCorp Developments's Price-to-Net-Net-Working-Capital falls into.


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NioCorp Developments Net-Net Working Capital Calculation

NioCorp Developments's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2024 is calculated as

Net-Net Working Capital(A: Jun. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.012+0.75 * 0+0.5 * 0-17.536
-0-1.534)/38.063
=-0.45

NioCorp Developments's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.294+0.75 * 0+0.5 * 0-9.701
-0-1.238)/47.188
=-0.20

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


NioCorp Developments  (NAS:NB) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


NioCorp Developments Net-Net Working Capital Related Terms

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NioCorp Developments Business Description

Traded in Other Exchanges
N/A
Address
7000 South Yosemite Street, Suite 115, Centennial, CO, USA, 80112
NioCorp Developments Ltd is engaged in exploration and development of mineral deposits in North America, specifically, the Elk Creek Niobium/Scandium/Titanium property.
Executives
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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