Omai Gold Mines Balance Sheet Health
Financial Health criteria checks 5/6
Omai Gold Mines has a total shareholder equity of $3.4M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $4.3M and $883.6K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$476.37k |
Equity | US$3.39m |
Total liabilities | US$883.60k |
Total assets | US$4.28m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: OMG's short term assets ($827.1K) do not cover its short term liabilities ($883.6K).
Long Term Liabilities: OMG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: OMG is debt free.
Reducing Debt: OMG has no debt compared to 5 years ago when its debt to equity ratio was 52.7%.
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: OMG has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OMG is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.