Orezone Gold Balance Sheet Health
Financial Health criteria checks 2/6
Orezone Gold has a total shareholder equity of $146.4M and total debt of $92.5M, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are $320.1M and $173.7M respectively. Orezone Gold's EBIT is $81.9M making its interest coverage ratio 5.8. It has cash and short-term investments of $20.4M.
Key information
63.2%
Debt to equity ratio
US$92.55m
Debt
| Interest coverage ratio | 5.8x |
| Cash | US$20.41m |
| Equity | US$146.36m |
| Total liabilities | US$173.72m |
| Total assets | US$320.08m |
Recent financial health updates
Is Orezone Gold (TSE:ORE) Using Too Much Debt?
Mar 05
Would Orezone Gold (TSE:ORE) Be Better Off With Less Debt?
Nov 11Is Orezone Gold (TSE:ORE) A Risky Investment?
Aug 07Is Orezone Gold (TSE:ORE) Using Too Much Debt?
Apr 24Here's Why We're Not Too Worried About Orezone Gold's (CVE:ORE) Cash Burn Situation
Oct 24We're Interested To See How Orezone Gold (CVE:ORE) Uses Its Cash Hoard To Grow
Jul 20Recent updates
Solid Earnings Reflect Orezone Gold's (TSE:ORE) Strength As A Business
Apr 02Need To Know: The Consensus Just Cut Its Orezone Gold Corporation (TSE:ORE) Estimates For 2024
Mar 29Is Orezone Gold (TSE:ORE) Using Too Much Debt?
Mar 05Under The Bonnet, Orezone Gold's (TSE:ORE) Returns Look Impressive
Dec 04The Trend Of High Returns At Orezone Gold (TSE:ORE) Has Us Very Interested
Aug 15Orezone Gold Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
May 11Would Orezone Gold (TSE:ORE) Be Better Off With Less Debt?
Nov 11Is Orezone Gold (TSE:ORE) A Risky Investment?
Aug 07Is Orezone Gold (TSE:ORE) Using Too Much Debt?
Apr 24Here's Why We're Not Too Worried About Orezone Gold's (CVE:ORE) Cash Burn Situation
Oct 24We're Interested To See How Orezone Gold (CVE:ORE) Uses Its Cash Hoard To Grow
Jul 20Have Insiders Been Buying Orezone Gold Corporation (CVE:ORE) Shares?
Jan 12
We Think Orezone Gold (CVE:ORE) Needs To Drive Business Growth Carefully
Dec 08Read This Before Selling Orezone Gold Corporation (CVE:ORE) Shares
Jun 27Financial Position Analysis
Short Term Liabilities: ORE's short term assets ($52.9M) do not cover its short term liabilities ($83.4M).
Long Term Liabilities: ORE's short term assets ($52.9M) do not cover its long term liabilities ($90.3M).
Debt to Equity History and Analysis
Debt Level: ORE's net debt to equity ratio (49.3%) is considered high.
Reducing Debt: ORE's debt to equity ratio has increased from 0% to 63.2% over the past 5 years.
Debt Coverage: ORE's debt is well covered by operating cash flow (86.4%).
Interest Coverage: ORE's interest payments on its debt are well covered by EBIT (5.8x coverage).