Ora Banda Mining Balance Sheet Health
Financial Health criteria checks 4/6
Ora Banda Mining has a total shareholder equity of A$44.9M and total debt of A$11.0M, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are A$143.3M and A$98.4M respectively.
Key information
24.4%
Debt to equity ratio
AU$10.96m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$19.24m |
| Equity | AU$44.91m |
| Total liabilities | AU$98.37m |
| Total assets | AU$143.29m |
Recent financial health updates
Health Check: How Prudently Does Ora Banda Mining (ASX:OBM) Use Debt?
Sep 30
We're A Little Worried About Ora Banda Mining's (ASX:OBM) Cash Burn Rate
Aug 23We're Keeping An Eye On Ora Banda Mining's (ASX:OBM) Cash Burn Rate
Feb 11Recent updates
Improved Revenues Required Before Ora Banda Mining Limited (ASX:OBM) Shares Find Their Feet
Apr 24Health Check: How Prudently Does Ora Banda Mining (ASX:OBM) Use Debt?
Sep 30We're A Little Worried About Ora Banda Mining's (ASX:OBM) Cash Burn Rate
Aug 23We're Keeping An Eye On Ora Banda Mining's (ASX:OBM) Cash Burn Rate
Feb 11Do Insiders Own Lots Of Shares In Ora Banda Mining Limited (ASX:OBM)?
Jan 07Ora Banda Mining Limited (ASX:OBM) Insiders Increased Their Holdings
Dec 03Financial Position Analysis
Short Term Liabilities: OBM's short term assets (A$45.2M) do not cover its short term liabilities (A$65.3M).
Long Term Liabilities: OBM's short term assets (A$45.2M) exceed its long term liabilities (A$33.1M).
Debt to Equity History and Analysis
Debt Level: OBM has more cash than its total debt.
Reducing Debt: OBM 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: OBM has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if OBM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.