Orbit Garant Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Orbit Garant Drilling has a total shareholder equity of CA$61.0M and total debt of CA$34.8M, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are CA$131.2M and CA$70.2M respectively. Orbit Garant Drilling's EBIT is CA$1.5M making its interest coverage ratio 0.4. It has cash and short-term investments of CA$813.0K.
Key information
57.1%
Debt to equity ratio
CA$34.84m
Debt
| Interest coverage ratio | 0.4x |
| Cash | CA$813.00k |
| Equity | CA$61.04m |
| Total liabilities | CA$70.20m |
| Total assets | CA$131.24m |
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$84.4M) exceed its short term liabilities (CA$35.7M).
Long Term Liabilities: OGD's short term assets (CA$84.4M) exceed its long term liabilities (CA$34.5M).
Debt to Equity History and Analysis
Debt Level: OGD's net debt to equity ratio (55.7%) is considered high.
Reducing Debt: OGD's debt to equity ratio has increased from 37.9% to 57.1% 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 19.4% per year.