Ormonde Mining Balance Sheet Health
Financial Health criteria checks 6/6
Ormonde Mining has a total shareholder equity of €4.4M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €4.7M and €219.0K respectively.
Key information
0%
Debt to equity ratio
€0
Debt
| Interest coverage ratio | n/a |
| Cash | €2.52m |
| Equity | €4.44m |
| Total liabilities | €219.00k |
| Total assets | €4.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ORQ1's short term assets (€3.1M) exceed its short term liabilities (€219.0K).
Long Term Liabilities: ORQ1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ORQ1 is debt free.
Reducing Debt: ORQ1 has not had any debt for 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: ORQ1 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ORQ1 has sufficient cash runway for 2.4 years if free cash flow continues to reduce at historical rates of 34.7% each year.