OAR Resources Balance Sheet Health
Financial Health criteria checks 4/6
OAR Resources has a total shareholder equity of A$4.2M and total debt of A$956.5K, which brings its debt-to-equity ratio to 22.5%. Its total assets and total liabilities are A$6.6M and A$2.4M respectively.
Key information
22.5%
Debt to equity ratio
AU$956.54k
Debt
Interest coverage ratio | n/a |
Cash | AU$418.98k |
Equity | AU$4.24m |
Total liabilities | AU$2.37m |
Total assets | AU$6.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OAR's short term assets (A$465.7K) do not cover its short term liabilities (A$1.0M).
Long Term Liabilities: OAR's short term assets (A$465.7K) do not cover its long term liabilities (A$1.3M).
Debt to Equity History and Analysis
Debt Level: OAR's net debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: OAR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: OAR has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OAR is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.