Omni-Lite Industries Canada Inc.

TSXV:OML Stock Report

Market Cap: CA$18.6m

Omni-Lite Industries Canada Balance Sheet Health

Financial Health criteria checks 6/6

Omni-Lite Industries Canada has a total shareholder equity of $21.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $28.4M and $7.3M respectively. Omni-Lite Industries Canada's EBIT is $2.2M making its interest coverage ratio 4.4. It has cash and short-term investments of $2.6M.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ratio4.4x
CashUS$2.56m
EquityUS$21.12m
Total liabilitiesUS$7.29m
Total assetsUS$28.41m

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 Making Moderate Use Of Debt

Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt

Sep 06
Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt

Is Omni-Lite Industries Canada (CVE:OML) Using Too Much Debt?

May 24
Is Omni-Lite Industries Canada (CVE:OML) Using Too Much Debt?

Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt

Feb 05
Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt

Recent updates

The Market Lifts Omni-Lite Industries Canada Inc. (CVE:OML) Shares 34% But It Can Do More

Sep 26
The Market Lifts Omni-Lite Industries Canada Inc. (CVE:OML) Shares 34% But It Can Do More

Investors Still Aren't Entirely Convinced By Omni-Lite Industries Canada Inc.'s (CVE:OML) Revenues Despite 30% Price Jump

Jul 17
Investors Still Aren't Entirely Convinced By Omni-Lite Industries Canada Inc.'s (CVE:OML) Revenues Despite 30% Price Jump

Omni-Lite Industries Canada (CVE:OML) Is Doing The Right Things To Multiply Its Share Price

Jul 15
Omni-Lite Industries Canada (CVE:OML) Is Doing The Right Things To Multiply Its Share Price

Investors Still Aren't Entirely Convinced By Omni-Lite Industries Canada Inc.'s (CVE:OML) Revenues Despite 31% Price Jump

Apr 19
Investors Still Aren't Entirely Convinced By Omni-Lite Industries Canada Inc.'s (CVE:OML) Revenues Despite 31% Price Jump

Shareholders May Be A Bit More Conservative With Omni-Lite Industries Canada Inc.'s (CVE:OML) CEO Compensation For Now

Dec 01
Shareholders May Be A Bit More Conservative With Omni-Lite Industries Canada Inc.'s (CVE:OML) CEO Compensation For Now

Omni-Lite Industries Canada (CVE:OML) Is Making Moderate Use Of Debt

Dec 20
Omni-Lite Industries Canada (CVE:OML) Is Making Moderate Use Of Debt

Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt

Sep 06
Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt

Is Omni-Lite Industries Canada (CVE:OML) Using Too Much Debt?

May 24
Is Omni-Lite Industries Canada (CVE:OML) Using Too Much Debt?

Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt

Feb 05
Omni-Lite Industries Canada (CVE:OML) Is Carrying A Fair Bit Of Debt

Financial Position Analysis

Short Term Liabilities: OML's short term assets ($9.8M) exceed its short term liabilities ($1.9M).

Long Term Liabilities: OML's short term assets ($9.8M) exceed its long term liabilities ($5.4M).

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 5.2%.

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.

Balance Sheet

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