NB · CIK 0001512228 · FY2025 live · 2025-06-30
NIOCORP DEVELOPMENTS LTD
View as
Model
Z″
FY2025
−7.59
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−7.59
Classic Z −3.89
Z″ −7.59 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
0.576.56 × = 3.72X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−4.093.26 × = −13.34X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
0.006.72 × = 0.00X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
1.931.05 × = 2.03
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.
Overview
rule-v1
NIOCORP DEVELOPMENTS LTD is on Z″ at −7.59 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.
Book screen Distress; market PD —. Tape not priced — not a single default call.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 7th percentile in Energy.
- NINEDistressNine Energy Service, Inc.−7.54
- DWSNDistressDAWSON GEOPHYSICAL CO−8.50
- WAMFFDistressAlaska Silver Corp.−8.55
- SOCDistressSable Offshore Corp.−6.53
- KLXEDistressKLX Energy Services Holdings, Inc.−6.46
- REEMFDistressRARE ELEMENT RESOURCES LTD−6.33
- DYNRDistressDYNARESOURCE, INC.−6.21
- AGIGDistressABUNDIA GLOBAL IMPACT GROUP, INC.−9.44
KPI widgets
Current assets
$27M
Total assets
$44M
Current liabilities
$2M
Total liabilities
$15M
Working capital
$25M
Retained earnings
−$179M
EBIT
$0
Total sales
$0
Book equity
$28M
Accession 0001539497-25-002331. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-06-30). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 12 Sept 2026.