Companies Like OceanPal (NASDAQ:OP) Are In A Position To Invest In Growth [Yahoo! Finance]
OceanPal Inc. (OP)
Company Research
Source: Yahoo! Finance
For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So should OceanPal NASDAQ:OP ) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. See our latest analysis for OceanPal When Might OceanPal Run Out Of Money? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In September 2023, OceanPal had US$16m in cash, and was debt-free. Looking at the last year, the company burnt through US$4.7m. So it had a cash runway of about 3.3 years from September 2023. A runway of this
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Sec Filings
- 4/26/24 - Form SC
- 4/17/24 - Form SC
- 4/16/24 - Form 6-K
- OP's page on the SEC website