Ocumetics Technology Balance Sheet Health
Financial Health criteria checks 2/6
Ocumetics Technology has a total shareholder equity of CA$91.1K and total debt of CA$321.6K, which brings its debt-to-equity ratio to 353%. Its total assets and total liabilities are CA$1.0M and CA$945.3K respectively.
Key information
353.0%
Debt to equity ratio
CA$321.64k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$235.83k |
| Equity | CA$91.10k |
| Total liabilities | CA$945.33k |
| Total assets | CA$1.04m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: OTC's short term assets (CA$311.0K) do not cover its short term liabilities (CA$623.7K).
Long Term Liabilities: OTC's short term assets (CA$311.0K) do not cover its long term liabilities (CA$321.6K).
Debt to Equity History and Analysis
Debt Level: OTC's net debt to equity ratio (94.2%) is considered high.
Reducing Debt: OTC's debt to equity ratio has increased from 0% to 353% over the past 5 years.
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: OTC has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OTC is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.