O3 Mining Balance Sheet Health
Financial Health criteria checks 5/6
O3 Mining has a total shareholder equity of CA$222.0M and total debt of CA$6.4M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are CA$257.3M and CA$35.3M respectively.
Key information
2.9%
Debt to equity ratio
CA$6.38m
Debt
Interest coverage ratio | n/a |
Cash | CA$36.16m |
Equity | CA$222.05m |
Total liabilities | CA$35.26m |
Total assets | CA$257.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OIII.F's short term assets (CA$37.7M) exceed its short term liabilities (CA$6.6M).
Long Term Liabilities: OIII.F's short term assets (CA$37.7M) exceed its long term liabilities (CA$28.6M).
Debt to Equity History and Analysis
Debt Level: OIII.F has more cash than its total debt.
Reducing Debt: OIII.F's debt to equity ratio has increased from 0% to 2.9% 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: OIII.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: OIII.F has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 16.8% each year.