Opawica Explorations Balance Sheet Health
Financial Health criteria checks 5/6
Opawica Explorations has a total shareholder equity of CA$3.9M and total debt of CA$40.0K, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CA$5.0M and CA$1.1M respectively.
Key information
1.0%
Debt to equity ratio
CA$40.00k
Debt
Interest coverage ratio | n/a |
Cash | CA$386.26k |
Equity | CA$3.88m |
Total liabilities | CA$1.14m |
Total assets | CA$5.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OE5's short term assets (CA$700.4K) exceed its short term liabilities (CA$602.8K).
Long Term Liabilities: OE5's short term assets (CA$700.4K) exceed its long term liabilities (CA$540.1K).
Debt to Equity History and Analysis
Debt Level: OE5 has more cash than its total debt.
Reducing Debt: OE5's debt to equity ratio has increased from 0.08% to 1% over the 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: OE5 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: OE5 has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 34.1% each year.