Opawica Explorations Balance Sheet Health
Financial Health criteria checks 6/6
Opawica Explorations has a total shareholder equity of CA$3.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$5.0M and CA$1.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$618.94k |
| Equity | CA$3.90m |
| Total liabilities | CA$1.11m |
| Total assets | CA$5.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OE5's short term assets (CA$638.3K) exceed its short term liabilities (CA$564.7K).
Long Term Liabilities: OE5's short term assets (CA$638.3K) exceed its long term liabilities (CA$540.5K).
Debt to Equity History and Analysis
Debt Level: OE5 is debt free.
Reducing Debt: OE5 had no debt 5 years ago.
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: Whilst unprofitable OE5 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OE5 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 23.7% per year.