Orion Office REIT Balance Sheet Health
Financial Health criteria checks 2/6
Orion Office REIT has a total shareholder equity of $959.9M and total debt of $526.5M, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are $1.5B and $586.9M respectively. Orion Office REIT's EBIT is $142.0K making its interest coverage ratio 0. It has cash and short-term investments of $28.3M.
Key information
54.8%
Debt to equity ratio
US$526.49m
Debt
| Interest coverage ratio | 0.005x |
| Cash | US$28.30m |
| Equity | US$959.95m |
| Total liabilities | US$586.93m |
| Total assets | US$1.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ONL *'s short term assets ($94.1M) do not cover its short term liabilities ($195.0M).
Long Term Liabilities: ONL *'s short term assets ($94.1M) do not cover its long term liabilities ($391.9M).
Debt to Equity History and Analysis
Debt Level: ONL *'s net debt to equity ratio (51.9%) is considered high.
Reducing Debt: Insufficient data to determine if ONL *'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: Whilst unprofitable ONL * has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ONL * is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/06/13 00:03 |
| End of Day Share Price | 2023/03/16 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Orion Office REIT Inc. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gaurav Mehta | D. Boral Capital LLC. |
| Mitchell Germain | JMP Securities |