Ora Banda Mining Limited

ASX:OBM Stock Report

Market Cap: AU$612.6m

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 ration/a
CashAU$19.24m
EquityAU$44.91m
Total liabilitiesAU$98.37m
Total assetsAU$143.29m

Recent financial health updates

Recent updates

Improved Revenues Required Before Ora Banda Mining Limited (ASX:OBM) Shares Find Their Feet

Apr 24
Improved Revenues Required Before Ora Banda Mining Limited (ASX:OBM) Shares Find Their Feet

Health Check: How Prudently Does Ora Banda Mining (ASX:OBM) Use Debt?

Sep 30
Health Check: How Prudently Does Ora Banda Mining (ASX:OBM) Use Debt?

We're A Little Worried About Ora Banda Mining's (ASX:OBM) Cash Burn Rate

Aug 23
We're A Little Worried About Ora Banda Mining's (ASX:OBM) Cash Burn Rate

We're Keeping An Eye On Ora Banda Mining's (ASX:OBM) Cash Burn Rate

Feb 11
We're Keeping An Eye On Ora Banda Mining's (ASX:OBM) Cash Burn Rate

Do Insiders Own Lots Of Shares In Ora Banda Mining Limited (ASX:OBM)?

Jan 07
Do Insiders Own Lots Of Shares In Ora Banda Mining Limited (ASX:OBM)?

Ora Banda Mining Limited (ASX:OBM) Insiders Increased Their Holdings

Dec 03
Ora Banda Mining Limited (ASX:OBM) Insiders Increased Their Holdings

Financial 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.


Discover healthy companies

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.