NioCorp Developments Ltd
TSX:NB

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NioCorp Developments Ltd
TSX:NB
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Price: 3.43 CAD 12.09% Market Closed
Market Cap: CA$119.8m

Bankruptcy Probability

NioCorp Developments Ltd's probability of bankruptcy is 6.5%, signalling a meaningful chance of default. The solvency score is 29/100 — a sign of moderate financial strength.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Very High
Probability of Bankruptcy

Financial Position

Cash & ST Investments
+
Jun 30, 2023 2.3m
Jun 30, 2022 0
Jun 30, 2021 0
Long-Term Investments
+
Jun 30, 2023 9k
Jun 30, 2022 0
Jun 30, 2021 0
Debt
+
Jun 30, 2023 10.6m
Jun 30, 2022 0
Jun 30, 2021 0

Solvency Ratios

Solvency Ratios Comparison
NioCorp Developments Ltd Competitors

Country Company Market Cap D/E D/A Interest
Coverage
Altman
Z-Score
Quick
Ratio
Current
Ratio
Cash
Ratio
US
NioCorp Developments Ltd
TSX:NB
112.9m CAD
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AU
Rio Tinto Ltd
ASX:RIO
262.4B AUD
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AU
BHP Group Ltd
ASX:BHP
260.2B AUD
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UK
Rio Tinto PLC
LSE:RIO
115.4B GBP
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CH
Glencore PLC
LSE:GLEN
66.2B GBP
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MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.5T MXN
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SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR
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CN
CMOC Group Ltd
SSE:603993
374.8B CNY
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UK
Anglo American PLC
LSE:AAL
39B GBP
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CN
China Molybdenum Co Ltd
OTC:CMCLF
47.1B USD
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ZA
African Rainbow Minerals Ltd
JSE:ARI
46.9B ZAR
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No Stocks Found
Is NioCorp Developments Ltd at risk of bankruptcy?

NioCorp Developments Ltd's probability of bankruptcy is 4.7%, pointing to a small but noticeable default risk.

The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does NioCorp Developments Ltd have?

As of the latest report, NioCorp Developments Ltd has total debt of 10.6m USD. This includes both short-term (0 USD) and long-term (10.6m USD) debt.

You can find a full breakdown on its Balance Sheet.

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