O3 Mining Balance Sheet Health
Financial Health criteria checks 5/6
O3 Mining has a total shareholder equity of CA$240.2M and total debt of CA$6.7M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CA$272.1M and CA$32.0M respectively.
Key information
2.8%
Debt to equity ratio
CA$6.65m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$47.86m |
| Equity | CA$240.16m |
| Total liabilities | CA$31.97m |
| Total assets | CA$272.14m |
Financial Position Analysis
Short Term Liabilities: OIII's short term assets (CA$49.2M) exceed its short term liabilities (CA$3.7M).
Long Term Liabilities: OIII's short term assets (CA$49.2M) exceed its long term liabilities (CA$28.3M).
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 0.09% to 2.8% 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 is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 00:59 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
O3 Mining Inc. is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Carey MacRury | Canaccord Genuity |
| Michael Fairbairn | Canaccord Genuity |
| Jeremy Hoy | Canaccord Genuity |