Orbit Garant Drilling Inc.

TSX:OGD Stock Report

Market Cap: CA$24.7m

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 ration/a
CashCA$1.25m
EquityCA$59.12m
Total liabilitiesCA$67.02m
Total assetsCA$126.14m

Recent financial health updates

Recent updates

Orbit Garant Drilling Inc. (TSE:OGD) Shares Fly 41% But Investors Aren't Buying For Growth

Mar 29
Orbit Garant Drilling Inc. (TSE:OGD) Shares Fly 41% But Investors Aren't Buying For Growth

Lacklustre Performance Is Driving Orbit Garant Drilling Inc.'s (TSE:OGD) Low P/S

Jan 18
Lacklustre Performance Is Driving Orbit Garant Drilling Inc.'s (TSE:OGD) Low P/S

Orbit Garant Drilling (TSE:OGD) Takes On Some Risk With Its Use Of Debt

Nov 06
Orbit Garant Drilling (TSE:OGD) Takes On Some Risk With Its Use Of Debt

We Like These Underlying Return On Capital Trends At Orbit Garant Drilling (TSE:OGD)

Jun 07
We Like These Underlying Return On Capital Trends At Orbit Garant Drilling (TSE:OGD)

Orbit Garant Drilling (TSE:OGD) Is Looking To Continue Growing Its Returns On Capital

Dec 22
Orbit Garant Drilling (TSE:OGD) Is Looking To Continue Growing Its Returns On Capital

Is Orbit Garant Drilling (TSE:OGD) Using Debt Sensibly?

Oct 06
Is Orbit Garant Drilling (TSE:OGD) Using Debt Sensibly?

We Think Some Shareholders May Hesitate To Increase Orbit Garant Drilling Inc.'s (TSE:OGD) CEO Compensation

Nov 24
We Think Some Shareholders May Hesitate To Increase Orbit Garant Drilling Inc.'s (TSE:OGD) CEO Compensation

Here's Why Orbit Garant Drilling (TSE:OGD) Has A Meaningful Debt Burden

Oct 02
Here's Why Orbit Garant Drilling (TSE:OGD) Has A Meaningful Debt Burden

Orbit Garant Drilling (TSE:OGD) Strong Profits May Be Masking Some Underlying Issues

May 21
Orbit Garant Drilling (TSE:OGD) Strong Profits May Be Masking Some Underlying Issues

Is Orbit Garant Drilling (TSE:OGD) A Risky Investment?

May 14
Is Orbit Garant Drilling (TSE:OGD) A Risky Investment?

What We Make Of Orbit Garant Drilling's (TSE:OGD) Returns On Capital

Mar 02
What We Make Of Orbit Garant Drilling's (TSE:OGD) Returns On Capital

We Think Orbit Garant Drilling (TSE:OGD) Has A Fair Chunk Of Debt

Jan 08
We Think Orbit Garant Drilling (TSE:OGD) Has A Fair Chunk Of Debt

Financial 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.


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