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 ratio | 4.4x |
| Cash | US$2.56m |
| Equity | US$21.12m |
| Total liabilities | US$7.29m |
| Total assets | US$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 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 ($9.8M) 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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 23:03 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Omni-Lite Industries Canada Inc. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Youssef Abboud | Clarus Securities Inc. |
| Nelson Mah | Northern Securities |
| Steven Hansen | Raymond James Ltd. |