Ocumetics Technology Corp.

OTCPK:OTCF.F Stock Report

Market Cap: US$32.7m

Ocumetics Technology Balance Sheet Health

Financial Health criteria checks 2/6

Ocumetics Technology has a total shareholder equity of CA$-954.2K and total debt of CA$337.3K, which brings its debt-to-equity ratio to -35.4%. Its total assets and total liabilities are CA$3.4M and CA$4.3M respectively.

Key information

-35.4%

Debt to equity ratio

CA$337.33k

Debt

Interest coverage ration/a
CashCA$2.63m
Equity-CA$954.23k
Total liabilitiesCA$4.34m
Total assetsCA$3.39m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

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

Long Term Liabilities: OTCF.F 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: OTCF.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: OTCF.F'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: OTCF.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: OTCF.F has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 35.7% each year.


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