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 |
Recent financial health updates
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.