Ondine Biomedical Balance Sheet Health

Financial Health criteria checks 5/6

Ondine Biomedical has a total shareholder equity of CA$4.1M and total debt of CA$281.0K, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are CA$7.4M and CA$3.3M respectively.

Key information

6.8%

Debt to equity ratio

CA$281.00k

Debt

Interest coverage ration/a
CashCA$4.44m
EquityCA$4.15m
Total liabilitiesCA$3.26m
Total assetsCA$7.41m

Recent financial health updates

Recent updates

Is Ondine Biomedical (LON:OBI) In A Good Position To Invest In Growth?

Sep 28
Is Ondine Biomedical (LON:OBI) In A Good Position To Invest In Growth?

Financial Position Analysis

Short Term Liabilities: OBI's short term assets (CA$6.2M) exceed its short term liabilities (CA$2.7M).

Long Term Liabilities: OBI's short term assets (CA$6.2M) exceed its long term liabilities (CA$610.0K).


Debt to Equity History and Analysis

Debt Level: OBI has more cash than its total debt.

Reducing Debt: Insufficient data to determine if OBI's debt to equity ratio has reduced 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: OBI has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: OBI is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


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