Omni-Lite Industries Canada Balance Sheet Health
Financial Health criteria checks 6/6
Omni-Lite Industries Canada has a total shareholder equity of $15.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $22.6M and $7.4M respectively. Omni-Lite Industries Canada's EBIT is $2.3M making its interest coverage ratio 4.7. It has cash and short-term investments of $1.7M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 4.7x |
| Cash | US$1.73m |
| Equity | US$15.20m |
| Total liabilities | US$7.36m |
| Total assets | US$22.55m |
Recent financial health updates
Omni-Lite Industries Canada (CVE:OML) Is Making Moderate Use Of Debt
Dec 20
Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt
Sep 06Is Omni-Lite Industries Canada (CVE:OML) Using Too Much Debt?
May 24Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt
Feb 05
Recent updates
The Market Lifts Omni-Lite Industries Canada Inc. (CVE:OML) Shares 34% But It Can Do More
Sep 26Investors Still Aren't Entirely Convinced By Omni-Lite Industries Canada Inc.'s (CVE:OML) Revenues Despite 30% Price Jump
Jul 17Omni-Lite Industries Canada (CVE:OML) Is Doing The Right Things To Multiply Its Share Price
Jul 15Investors Still Aren't Entirely Convinced By Omni-Lite Industries Canada Inc.'s (CVE:OML) Revenues Despite 31% Price Jump
Apr 19Shareholders May Be A Bit More Conservative With Omni-Lite Industries Canada Inc.'s (CVE:OML) CEO Compensation For Now
Dec 01Omni-Lite Industries Canada (CVE:OML) Is Making Moderate Use Of Debt
Dec 20Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt
Sep 06Is Omni-Lite Industries Canada (CVE:OML) Using Too Much Debt?
May 24Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt
Feb 05Financial Position Analysis
Short Term Liabilities: OML's short term assets ($9.2M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: OML's short term assets ($9.2M) exceed its long term liabilities ($5.3M).
Debt to Equity History and Analysis
Debt Level: OML is debt free.
Reducing Debt: OML has no debt compared to 5 years ago when its debt to equity ratio was 3.4%.
Debt Coverage: OML has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: OML has no debt, therefore coverage of interest payments is not a concern.