O3 Mining Balance Sheet Health
Financial Health criteria checks 5/6
O3 Mining has a total shareholder equity of CA$228.2M and total debt of CA$6.3M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CA$261.9M and CA$33.6M respectively.
Key information
2.7%
Debt to equity ratio
CA$6.26m
Debt
Interest coverage ratio | n/a |
Cash | CA$30.35m |
Equity | CA$228.25m |
Total liabilities | CA$33.64m |
Total assets | CA$261.89m |
Financial Position Analysis
Short Term Liabilities: OIII's short term assets (CA$31.7M) exceed its short term liabilities (CA$5.5M).
Long Term Liabilities: OIII's short term assets (CA$31.7M) exceed its long term liabilities (CA$28.1M).
Debt to Equity History and Analysis
Debt Level: OIII has more cash than its total debt.
Reducing Debt: OIII's debt to equity ratio has increased from 0% to 2.7% 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: OIII has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: OIII has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 19.2% each year.