Omni-Lite Industries Canada Balance Sheet Health
Financial Health criteria checks 6/6
Omni-Lite Industries Canada has a total shareholder equity of $13.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $21.2M and $7.7M respectively. Omni-Lite Industries Canada's EBIT is $797.4K making its interest coverage ratio 1.7. It has cash and short-term investments of $1.1M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 1.7x |
Cash | US$1.11m |
Equity | US$13.51m |
Total liabilities | US$7.70m |
Total assets | US$21.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OLNC.F's short term assets ($8.2M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: OLNC.F's short term assets ($8.2M) exceed its long term liabilities ($5.7M).
Debt to Equity History and Analysis
Debt Level: OLNC.F is debt free.
Reducing Debt: OLNC.F had no debt 5 years ago.
Debt Coverage: OLNC.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: OLNC.F has no debt, therefore coverage of interest payments is not a concern.