Orla Mining Balance Sheet Health
Financial Health criteria checks 5/6
Orla Mining has a total shareholder equity of $400.5M and total debt of $88.4M, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are $535.8M and $135.2M respectively. Orla Mining's EBIT is $17.5M making its interest coverage ratio 2.7. It has cash and short-term investments of $96.6M.
Key information
22.1%
Debt to equity ratio
US$88.35m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$96.63m |
| Equity | US$400.54m |
| Total liabilities | US$135.24m |
| Total assets | US$535.78m |
Recent financial health updates
Is Orla Mining (TSE:OLA) Using Too Much Debt?
Jan 24
These 4 Measures Indicate That Orla Mining (TSE:OLA) Is Using Debt Reasonably Well
Jul 14Here's Why Orla Mining (TSE:OLA) Can Manage Its Debt Responsibly
Mar 27Orla Mining (TSE:OLA) Seems To Use Debt Quite Sensibly
Dec 15Orla Mining (TSE:OLA) Is Carrying A Fair Bit Of Debt
Mar 29Orla Mining (TSE:OLA) Is Making Moderate Use Of Debt
Dec 14Recent updates
Investors Will Want Orla Mining's (TSE:OLA) Growth In ROCE To Persist
Apr 19The Price Is Right For Orla Mining Ltd. (TSE:OLA)
Mar 07Is There An Opportunity With Orla Mining Ltd.'s (TSE:OLA) 22% Undervaluation?
Feb 07Is Orla Mining (TSE:OLA) Using Too Much Debt?
Jan 24Returns Are Gaining Momentum At Orla Mining (TSE:OLA)
Dec 19Should You Be Adding Orla Mining (TSE:OLA) To Your Watchlist Today?
Sep 14Orla Mining (TSE:OLA) Might Have The Makings Of A Multi-Bagger
Aug 23These 4 Measures Indicate That Orla Mining (TSE:OLA) Is Using Debt Reasonably Well
Jul 14Orla Mining (TSE:OLA) Shareholders Will Want The ROCE Trajectory To Continue
May 06Pinning Down Orla Mining Ltd.'s (TSE:OLA) P/E Is Difficult Right Now
Apr 17Here's Why Orla Mining (TSE:OLA) Can Manage Its Debt Responsibly
Mar 27Orla Mining (TSE:OLA) Seems To Use Debt Quite Sensibly
Dec 15We Think That There Are Some Issues For Orla Mining (TSE:OLA) Beyond Its Promising Earnings
May 19Orla Mining (TSE:OLA) Is Carrying A Fair Bit Of Debt
Mar 29Orla Mining (TSE:OLA) Is Making Moderate Use Of Debt
Dec 14Financial Position Analysis
Short Term Liabilities: OLA's short term assets ($145.2M) exceed its short term liabilities ($28.7M).
Long Term Liabilities: OLA's short term assets ($145.2M) exceed its long term liabilities ($106.6M).
Debt to Equity History and Analysis
Debt Level: OLA has more cash than its total debt.
Reducing Debt: OLA's debt to equity ratio has increased from 3.4% to 22.1% 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 OLA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OLA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.7% per year.