Orezone Gold Balance Sheet Health
Financial Health criteria checks 5/6
Orezone Gold has a total shareholder equity of $228.6M and total debt of $99.6M, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are $415.6M and $187.0M respectively. Orezone Gold's EBIT is $74.8M making its interest coverage ratio 5.7. It has cash and short-term investments of $67.2M.
Key information
43.6%
Debt to equity ratio
US$99.60m
Debt
| Interest coverage ratio | 5.7x |
| Cash | US$67.23m |
| Equity | US$228.59m |
| Total liabilities | US$187.02m |
| Total assets | US$415.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OEX's short term assets ($107.4M) exceed its short term liabilities ($107.2M).
Long Term Liabilities: OEX's short term assets ($107.4M) exceed its long term liabilities ($79.8M).
Debt to Equity History and Analysis
Debt Level: OEX's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: OEX's debt to equity ratio has increased from 0% to 43.6% over the past 5 years.
Debt Coverage: OEX's debt is well covered by operating cash flow (43.7%).
Interest Coverage: OEX's interest payments on its debt are well covered by EBIT (5.7x coverage).