Optical Cable Balance Sheet Health
Financial Health criteria checks 5/6
Optical Cable has a total shareholder equity of $20.4M and total debt of $9.9M, which brings its debt-to-equity ratio to 48.7%. Its total assets and total liabilities are $37.6M and $17.2M respectively.
Key information
48.7%
Debt to equity ratio
US$9.92m
Debt
| Interest coverage ratio | n/a |
| Cash | US$796.74k |
| Equity | US$20.35m |
| Total liabilities | US$17.24m |
| Total assets | US$37.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OCC's short term assets ($29.2M) exceed its short term liabilities ($7.0M).
Long Term Liabilities: OCC's short term assets ($29.2M) exceed its long term liabilities ($10.3M).
Debt to Equity History and Analysis
Debt Level: OCC's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: OCC's debt to equity ratio has reduced from 54.3% to 48.7% 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: Whilst unprofitable OCC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OCC is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 17.7% per year.