Orbital Infrastructure Group Balance Sheet Health

Financial Health criteria checks 1/6

Orbital Infrastructure Group has a total shareholder equity of $-159.5M and total debt of $301.4M, which brings its debt-to-equity ratio to -188.9%. Its total assets and total liabilities are $268.2M and $427.7M respectively.

Key information

-188.9%

Debt to equity ratio

US$301.38m

Debt

Interest coverage ratio	n/a
Cash	US$23.99m
Equity	-US$159.50m
Total liabilities	US$427.72m
Total assets	US$268.21m

Recent financial health updates

Recent updates

Bearish: Analysts Just Cut Their Orbital Energy Group, Inc. (NASDAQ:OEG) Revenue and EPS estimates

Aug 18

Orbital Energy Group (NASDAQ:OEG) Has Debt But No Earnings; Should You Worry?

Jul 19

Orbital Energy Group Looks Overvalued Based On Fundamentals

Jun 18

Orbital Energy wins EPC contract for $64M Arkansas solar project

Jun 09

Orbital Energy launches new subsidiary Eclipse Foundation

Jan 12

Orbital Energy under pressure on pricing $10M registered direct offering

Dec 31

Orbital Energy Group (OEG) Investor Presentation - Slideshow

Nov 18

Financial Position Analysis

Short Term Liabilities: OIGB.Q has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: OIGB.Q has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.

Debt to Equity History and Analysis

Debt Level: OIGB.Q has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: OIGB.Q's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

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: OIGB.Q has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: OIGB.Q has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.3% each year

Discover healthy companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/12/09 23:41
End of Day Share Price	2023/12/07 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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Orbital Infrastructure Group, Inc. is covered by 10 analysts. 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
Jeffrey Campbell	Alliance Global Partners
Alexander Rygiel	B. Riley Securities, Inc.
Edward Stacey	Capital Network by Proactive Investors

Orbital Infrastructure Group Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Orbital Infrastructure Group, Inc. Files Form 15

Second Amended Combined Liquidation Plan and Disclosure Statement Approved for Orbital Infrastructure Group, Inc.

Orbital Infrastructure Group, Inc. announced delayed 10-Q filing

Nasdaq to Delist the Common Stock of Orbital Infrastructure Group

Nasdaq to File Form 25-NSE with SEC to Remove the Orbital Infrastructure's Common Stock from Listing and Registration on Nasdaq

Motion for Joint Administration Filed by Orbital Infrastructure Group, Inc.

Recent updates

Orbital Infrastructure Group, Inc. Files Form 15

Second Amended Combined Liquidation Plan and Disclosure Statement Approved for Orbital Infrastructure Group, Inc.

Orbital Infrastructure Group, Inc. announced delayed 10-Q filing

Nasdaq to Delist the Common Stock of Orbital Infrastructure Group

Nasdaq to File Form 25-NSE with SEC to Remove the Orbital Infrastructure's Common Stock from Listing and Registration on Nasdaq

Orbital Infrastructure Group, Inc.(OTCPK:OIGB.Q) dropped from NASDAQ Composite Index

Motion for Joint Administration Filed by Orbital Infrastructure Group, Inc.

Orbital Infrastructure Group, Inc. Filed for Bankruptcy

Orbital Infrastructure Group, Inc. announced delayed 10-Q filing

Orbital Infrastructure Announces Not in Compliance with Listing Rule 5810(c)(3)(C)

First quarter 2023 earnings released: US$4.60 loss per share (vs US$17.64 loss in 1Q 2022)

Full year 2022 earnings released: US$2.53 loss per share (vs US$0.85 loss in FY 2021)

Nasdaq Staff Notifies Orbital Infrastructure Group Regarding Non-Compliance with the Rule and Is Not Eligible for A Second 180 Day Extension

Orbital Infrastructure Group Receives A Notification Letter from Nasdaq Regarding Minimum Market Value of Listed Securities

Consensus revenue estimates fall by 16%

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Orbital Infrastructure Group, Inc. to Report Q3, 2022 Results on Nov 14, 2022

Orbital Infrastructure Group, Inc. announced that it expects to receive $50 million in funding from Yorkville Advisors Global LP

Orbital Infrastructure announces $50M equity purchase deal

Mangan Inc. acquired Orbital Gas Systems, North America, Inc from Orbital Infrastructure Group, Inc. (NasdaqCM:OIG).

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Orbital Infrastructure Group, Inc. Raises Earnings Guidance for the Full-Year 2022

Orbital Energy Q2 Earnings Preview

Orbital Infrastructure Group, Inc. to Report Q2, 2022 Results on Aug 11, 2022

High number of new directors

Price target decreased to US$4.00

Orbital Energy Group Receives Non-Compliance Notice from Nasdaq

Orbital Energy Group, Inc. Announces Retirement of Paul White from Board

2022: A Turning Point For Orbital Energy Group

Orbital Energy Group, Inc. Announces Retirement of William Clough from Board of Directors, Effective on July 21, 2022

Orbital Energy Group, Inc. Provides Consolidated Revenue Guidance for the Full Year 2022

Orbital Energy Group, Inc. to Report Q1, 2022 Results on May 16, 2022

Orbital Energy Group, Inc. has completed a Follow-on Equity Offering in the amount of $20.999286 million.

Orbital Energy Group, Inc. Announces Strategic Reorganization of Its Solar Division

Orbital Energy Group, Inc., Annual General Meeting, Jul 21, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Orbital Energy Group, Inc. Provides Consolidated Revenue Guidance for the First Quarter, Third Quarter and Fourth Quarter of 2022

Orbital Energy Group, Inc. to Report Q4, 2021 Results on Mar 30, 2022

We Think Orbital Energy Group (NASDAQ:OEG) Has A Fair Chunk Of Debt

With Positive FCF In 2022, Orbital Energy's Stock May Spike Up

Forecast breakeven date pushed back to 2023

Vice Chairman & CEO recently bought US$64k worth of stock

Is Orbital Energy Group (NASDAQ:OEG) Using Too Much Debt?

Third quarter 2021 earnings released: US$0.16 loss per share (vs US$0.19 loss in 3Q 2020)

Price target increased to US$10.70

High number of new directors

Drill Deep Before Buying Orbital Energy Group

Second quarter 2021 earnings released: US$0.16 loss per share (vs US$0.33 loss in 2Q 2020)

Bearish: Analysts Just Cut Their Orbital Energy Group, Inc. (NASDAQ:OEG) Revenue and EPS estimates

Consensus revenue estimates fall to US$83.3m

Price target decreased to US$9.67

Orbital Energy Group (NASDAQ:OEG) Has Debt But No Earnings; Should You Worry?

Orbital Energy Group Looks Overvalued Based On Fundamentals

Price target decreased to US$11.00

Orbital Energy wins EPC contract for $64M Arkansas solar project

Consensus forecasts updated

Price target decreased to US$11.00

Consensus revenue estimates fall to US$115.7m

Consensus forecasts updated

Full year 2020 earnings released: US$1.01 loss per share (vs US$0.48 loss in FY 2019)

Orbital Energy Group, Inc. to Report Q4, 2020 Results on Mar 30, 2021

Executive Chairman exercised options to buy US$1.5m worth of stock.

New 90-day high: US$9.86

New 90-day high: US$5.00

Orbital Energy Group, Inc. has completed a Follow-on Equity Offering in the amount of $35 million.

Orbital Energy launches new subsidiary Eclipse Foundation

Orbital Energy under pressure on pricing $10M registered direct offering

New 90-day high: US$2.17

Orbital Energy Group Regains Nasdaq Compliance