Orbit Garant Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Orbit Garant Drilling has a total shareholder equity of CA$59.1M and total debt of CA$36.0M, which brings its debt-to-equity ratio to 61%. Its total assets and total liabilities are CA$126.1M and CA$67.0M respectively.
Key information
61.0%
Debt to equity ratio
CA$36.04m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.25m |
Equity | CA$59.12m |
Total liabilities | CA$67.02m |
Total assets | CA$126.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OBGR.F's short term assets (CA$79.6M) exceed its short term liabilities (CA$30.8M).
Long Term Liabilities: OBGR.F's short term assets (CA$79.6M) exceed its long term liabilities (CA$36.2M).
Debt to Equity History and Analysis
Debt Level: OBGR.F's net debt to equity ratio (58.8%) is considered high.
Reducing Debt: OBGR.F's debt to equity ratio has increased from 35.8% to 61% 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 OBGR.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OBGR.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.2% per year.