Ocean Power Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Ocean Power Technologies has a total shareholder equity of $22.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $29.2M and $6.9M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.18m |
| Equity | US$22.31m |
| Total liabilities | US$6.87m |
| Total assets | US$29.18m |
Recent financial health updates
No updates
Recent updates
Ocean Power announces planned transfer of Nasdaq listing to NYSE
Jun 08Ocean Power Technologies buys 3Dent Technology
Feb 02Did Business Growth Power Ocean Power Technologies' (NASDAQ:OPTT) Share Price Gain of 261%?
Jan 13
Ocean Power reports FQ2 results
Dec 07Ocean Power: Could Come Crashing Down
Dec 01Financial Position Analysis
Short Term Liabilities: OPTT's short term assets ($11.1M) exceed its short term liabilities ($5.1M).
Long Term Liabilities: OPTT's short term assets ($11.1M) exceed its long term liabilities ($1.7M).
Debt to Equity History and Analysis
Debt Level: OPTT is debt free.
Reducing Debt: OPTT had no debt 5 years ago.
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: OPTT has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OPTT is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.