Omineca Mining and Metals Balance Sheet Health
Financial Health criteria checks 1/6
Omineca Mining and Metals has a total shareholder equity of CA$5.6M and total debt of CA$10.3M, which brings its debt-to-equity ratio to 183.6%. Its total assets and total liabilities are CA$16.7M and CA$11.1M respectively.
Key information
183.6%
Debt to equity ratio
CA$10.28m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$496.96k |
| Equity | CA$5.60m |
| Total liabilities | CA$11.10m |
| Total assets | CA$16.70m |
Recent financial health updates
Omineca Mining and Metals (CVE:OMM) Has Debt But No Earnings; Should You Worry?
Aug 15
Here's Why Omineca Mining and Metals (CVE:OMM) Can Afford Some Debt
May 02Would Omineca Mining and Metals (CVE:OMM) Be Better Off With Less Debt?
Dec 24We Think Omineca Mining and Metals (CVE:OMM) Has A Fair Chunk Of Debt
Sep 02Does Omineca Mining and Metals (CVE:OMM) Have A Healthy Balance Sheet?
May 18Is Omineca Mining and Metals (CVE:OMM) A Risky Investment?
Sep 02Recent updates
Omineca Mining and Metals (CVE:OMM) Has Debt But No Earnings; Should You Worry?
Aug 15Here's Why Omineca Mining and Metals (CVE:OMM) Can Afford Some Debt
May 02Would Omineca Mining and Metals (CVE:OMM) Be Better Off With Less Debt?
Dec 24We Think Omineca Mining and Metals (CVE:OMM) Has A Fair Chunk Of Debt
Sep 02Does Omineca Mining and Metals (CVE:OMM) Have A Healthy Balance Sheet?
May 18Is Omineca Mining and Metals (CVE:OMM) A Risky Investment?
Sep 02Omineca Mining and Metals (CVE:OMM) Is Carrying A Fair Bit Of Debt
May 03We Think Omineca Mining and Metals (CVE:OMM) Has A Fair Chunk Of Debt
Sep 04Financial Position Analysis
Short Term Liabilities: OMM's short term assets (CA$723.4K) do not cover its short term liabilities (CA$752.7K).
Long Term Liabilities: OMM's short term assets (CA$723.4K) do not cover its long term liabilities (CA$10.3M).
Debt to Equity History and Analysis
Debt Level: OMM's net debt to equity ratio (174.8%) is considered high.
Reducing Debt: OMM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: OMM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: OMM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.9% each year