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Optima Technology Group Balance Sheet Health

Financial Health criteria checks 6/6

Optima Technology Group has a total shareholder equity of A$19.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$25.2M and A$5.8M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$7.22m
Equity	AU$19.40m
Total liabilities	AU$5.76m
Total assets	AU$25.15m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: OPA's short term assets (A$10.3M) exceed its short term liabilities (A$5.2M).

Long Term Liabilities: OPA's short term assets (A$10.3M) exceed its long term liabilities (A$511.0K).

Debt to Equity History and Analysis

Debt Level: OPA is debt free.

Reducing Debt: OPA had no debt 5 years ago.

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: OPA has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: OPA is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.

This company listing is no longer active

Optima Technology Group Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

No independent directors

Optima Technology Group Limited announced that it expects to receive AUD 3.22 million in funding

No independent directors

No independent directors

Less than half of directors are independent

Less than half of directors are independent

Full year 2022 earnings released: AU$0.059 loss per share (vs AU$0.081 loss in FY 2021)

Bill Identity Limited Announces the Appointment of Shane Gild as Non-Executive Director to its Board of Directors

High number of new and inexperienced directors

Bill Identity Limited (ASX:BID) acquired 92% stake in Distribuidora Catarinense de Energia Eletrica.

Bill Identity Limited Announces Executive Changes

Bill Identity Limited to Report First Half, 2022 Results on Feb 24, 2022

High number of new and inexperienced directors

Chief Operating Officer Marco Miranda has left the company

MD & Executive Director Guy Maine has left the company

Full year 2021 earnings released: AU$0.081 loss per share (vs AU$0.055 loss in FY 2020)

Forecast breakeven pushed back to 2023

Independent Non-Executive Director recently bought AU$101k worth of stock

MD & Executive Director recently sold AU$602k worth of stock

First half 2021 earnings released: AU$0.032 loss per share (vs AU$0.034 loss in 1H 2020)

New 90-day low: AU$1.02

Bill Identity Limited Announces Executive Changes

BidEnergy Limited (ASX:BID) acquired Optima Energy Management Holdings Ltd from Daniel Root, Paul Healey, Stephen John Wright and Rosemary Dianne Wright for AUD 11.5 million.

Bidenergy Announces to Enters into a Four-Year Agreement with Jones Lang Lasalle

New 90-day high: AU$1.12

Full year earnings released - AU$0.055 loss per share

BidEnergy Limited announced that it expects to receive AUD 0.5 million in funding

New 90-day high - AU$0.86

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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