Orezone Gold Balance Sheet Health
Financial Health criteria checks 2/6
Orezone Gold has a total shareholder equity of $146.4M and total debt of $92.5M, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are $320.1M and $173.7M respectively. Orezone Gold's EBIT is $81.9M making its interest coverage ratio 5.8. It has cash and short-term investments of $20.4M.
Key information
63.2%
Debt to equity ratio
US$92.55m
Debt
Interest coverage ratio | 5.8x |
Cash | US$20.41m |
Equity | US$146.36m |
Total liabilities | US$173.72m |
Total assets | US$320.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OEX's short term assets ($52.9M) do not cover its short term liabilities ($83.4M).
Long Term Liabilities: OEX's short term assets ($52.9M) do not cover its long term liabilities ($90.3M).
Debt to Equity History and Analysis
Debt Level: OEX's net debt to equity ratio (49.3%) is considered high.
Reducing Debt: OEX's debt to equity ratio has increased from 0% to 63.2% over the past 5 years.
Debt Coverage: OEX's debt is well covered by operating cash flow (86.4%).
Interest Coverage: OEX's interest payments on its debt are well covered by EBIT (5.8x coverage).