Orbit Garant Drilling Balance Sheet Health
Financial Health criteria checks 3/6
Orbit Garant Drilling has a total shareholder equity of CA$63.6M and total debt of CA$30.9M, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are CA$128.6M and CA$65.0M respectively. Orbit Garant Drilling's EBIT is CA$8.8M making its interest coverage ratio 3. It has cash and short-term investments of CA$812.0K.
Key information
48.6%
Debt to equity ratio
CA$30.93m
Debt
| Interest coverage ratio | 3x |
| Cash | CA$812.00k |
| Equity | CA$63.61m |
| Total liabilities | CA$64.97m |
| Total assets | CA$128.58m |
Recent financial health updates
Orbit Garant Drilling (TSE:OGD) Takes On Some Risk With Its Use Of Debt
Nov 06
Is Orbit Garant Drilling (TSE:OGD) Using Debt Sensibly?
Oct 06Here's Why Orbit Garant Drilling (TSE:OGD) Has A Meaningful Debt Burden
Oct 02Is Orbit Garant Drilling (TSE:OGD) A Risky Investment?
May 14We Think Orbit Garant Drilling (TSE:OGD) Has A Fair Chunk Of Debt
Jan 08
Recent updates
Orbit Garant Drilling's (TSE:OGD) Solid Earnings May Rest On Weak Foundations
Nov 20Estimating The Intrinsic Value Of Orbit Garant Drilling Inc. (TSE:OGD)
Nov 18Orbit Garant Drilling Inc.'s (TSE:OGD) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Oct 22The Returns On Capital At Orbit Garant Drilling (TSE:OGD) Don't Inspire Confidence
Aug 21Orbit Garant Drilling Inc. (TSE:OGD) Shares Fly 41% But Investors Aren't Buying For Growth
Mar 29Lacklustre Performance Is Driving Orbit Garant Drilling Inc.'s (TSE:OGD) Low P/S
Jan 18Orbit Garant Drilling (TSE:OGD) Takes On Some Risk With Its Use Of Debt
Nov 06We Like These Underlying Return On Capital Trends At Orbit Garant Drilling (TSE:OGD)
Jun 07Orbit Garant Drilling (TSE:OGD) Is Looking To Continue Growing Its Returns On Capital
Dec 22Is Orbit Garant Drilling (TSE:OGD) Using Debt Sensibly?
Oct 06We Think Some Shareholders May Hesitate To Increase Orbit Garant Drilling Inc.'s (TSE:OGD) CEO Compensation
Nov 24Here's Why Orbit Garant Drilling (TSE:OGD) Has A Meaningful Debt Burden
Oct 02Orbit Garant Drilling (TSE:OGD) Strong Profits May Be Masking Some Underlying Issues
May 21Is Orbit Garant Drilling (TSE:OGD) A Risky Investment?
May 14What We Make Of Orbit Garant Drilling's (TSE:OGD) Returns On Capital
Mar 02We Think Orbit Garant Drilling (TSE:OGD) Has A Fair Chunk Of Debt
Jan 08Financial Position Analysis
Short Term Liabilities: OGD's short term assets (CA$82.4M) exceed its short term liabilities (CA$32.0M).
Long Term Liabilities: OGD's short term assets (CA$82.4M) exceed its long term liabilities (CA$33.0M).
Debt to Equity History and Analysis
Debt Level: OGD's net debt to equity ratio (47.3%) is considered high.
Reducing Debt: OGD's debt to equity ratio has increased from 42.5% to 48.6% over the past 5 years.
Debt Coverage: OGD's debt is well covered by operating cash flow (37.2%).
Interest Coverage: OGD's interest payments on its debt are not well covered by EBIT (3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 20:10 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
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
Orbit Garant Drilling Inc. is covered by 8 analysts. 1 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 |
|---|---|
| Kevin Chiew | CIBC Capital Markets |
| Russell Stanley | Haywood Securities Inc. |
| Ben Jekic | iA Capital Markets |