Orbit Garant Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Orbit Garant Drilling has a total shareholder equity of CA$59.1M and total debt of CA$36.0M, which brings its debt-to-equity ratio to 61%. Its total assets and total liabilities are CA$126.1M and CA$67.0M respectively.
Key information
61.0%
Debt to equity ratio
CA$36.04m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.25m |
| Equity | CA$59.12m |
| Total liabilities | CA$67.02m |
| Total assets | CA$126.14m |
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 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$79.6M) exceed its short term liabilities (CA$30.8M).
Long Term Liabilities: OGD's short term assets (CA$79.6M) exceed its long term liabilities (CA$36.2M).
Debt to Equity History and Analysis
Debt Level: OGD's net debt to equity ratio (58.8%) is considered high.
Reducing Debt: OGD's debt to equity ratio has increased from 35.8% to 61% 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: Whilst unprofitable OGD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OGD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.2% per year.