Omineca Mining and Metals Ltd.

TSXV:OMM Stock Report

Market Cap: CA$15.3m

Omineca Mining and Metals Balance Sheet Health

Financial Health criteria checks 2/6

Omineca Mining and Metals has a total shareholder equity of CA$5.9M and total debt of CA$10.0M, which brings its debt-to-equity ratio to 169.8%. Its total assets and total liabilities are CA$16.8M and CA$10.9M respectively.

Key information

169.8%

Debt to equity ratio

CA$10.03m

Debt

Interest coverage ration/a
CashCA$755.45k
EquityCA$5.91m
Total liabilitiesCA$10.88m
Total assetsCA$16.79m

Recent financial health updates

Recent updates

Here's Why Omineca Mining and Metals (CVE:OMM) Can Afford Some Debt

May 02
Here's Why Omineca Mining and Metals (CVE:OMM) Can Afford Some Debt

Would Omineca Mining and Metals (CVE:OMM) Be Better Off With Less Debt?

Dec 24
Would Omineca Mining and Metals (CVE:OMM) Be Better Off With Less Debt?

We Think Omineca Mining and Metals (CVE:OMM) Has A Fair Chunk Of Debt

Sep 02
We Think Omineca Mining and Metals (CVE:OMM) Has A Fair Chunk Of Debt

Does Omineca Mining and Metals (CVE:OMM) Have A Healthy Balance Sheet?

May 18
Does Omineca Mining and Metals (CVE:OMM) Have A Healthy Balance Sheet?

Is Omineca Mining and Metals (CVE:OMM) A Risky Investment?

Sep 02
Is Omineca Mining and Metals (CVE:OMM) A Risky Investment?

Omineca Mining and Metals (CVE:OMM) Is Carrying A Fair Bit Of Debt

May 03
Omineca Mining and Metals (CVE:OMM) Is Carrying A Fair Bit Of Debt

We Think Omineca Mining and Metals (CVE:OMM) Has A Fair Chunk Of Debt

Sep 04
We Think Omineca Mining and Metals (CVE:OMM) Has A Fair Chunk Of Debt

Financial Position Analysis

Short Term Liabilities: OMM's short term assets (CA$948.0K) exceed its short term liabilities (CA$786.9K).

Long Term Liabilities: OMM's short term assets (CA$948.0K) do not cover its long term liabilities (CA$10.1M).


Debt to Equity History and Analysis

Debt Level: OMM's net debt to equity ratio (157%) 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 25.1% each year


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