OMSE maintains a fortress balance sheet characterized by a negligible 0.05% debt-to-equity ratio, providing substantial insulation from interest rate volatility.
| Metric | Mar'26 | Mar'25 | Mar'23 | Mar'22 |
|---|
| Total Current Assets | 198.23M | 124.87M | 75.99M | 49.13M |
| Cash & Short-Term Investments | 151.99M | 72.95M | 29.53M | 16.97M |
| Cash Only | 151.99M | 72.95M | 29.53M | 16.97M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 23.31M | 16.05M | 34.21M | 17.53M |
| Days Sales Outstanding | 54.56 | 28.78 | 128.11 | 112.83 |
| Inventory | 17.16M | 32.55M | 9.46M | 12.11M |
| Days Inventory Outstanding | 57.61 | 88.24 | 49.74 | 103.32 |
| Other Current Assets | 2.59M | 1.92M | 1.26M | 1.44M |
| Total Non-Current Assets | 38.91M | 45.64M | 24.12M | 35.38M |
| Property, Plant & Equipment | 35.65M | 40.14M | 19.34M | 17.72M |
| Fixed Asset Turnover | 4.37x | 5.07x | 5.04x | 3.20x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 494K | 42K | 99K | 49K |
| Long-Term Investments | 0 | 0 | 0 | 10.75M |
| Other Non-Current Assets | 646K | 2.52M | 1.44M | 560K |
| Total Assets | 237.14M | 170.5M | 100.11M | 84.51M |
| Asset Turnover | 0.66x | 1.19x | 0.97x | 0.67x |
| Asset Growth % | 39.08% | 70.32% | 18.46% | - |
| Total Current Liabilities | 29.79M | 24.46M | 60.13M | 54.71M |
| Accounts Payable | 18.09M | 5.67M | 16.01M | 10.04M |
| Days Payables Outstanding | 60.74 | 15.37 | 84.19 | 85.66 |
| Short-Term Debt | 0 | 0 | 0 | 500K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 88K | 0 | 0 | 0 |
| Current Ratio | 6.65x | 5.11x | 1.26x | 0.90x |
| Quick Ratio | 6.08x | 3.77x | 1.11x | 0.68x |
| Cash Conversion Cycle | 51.44 | 101.65 | 93.66 | 130.5 |
| Total Non-Current Liabilities | 9.96M | 11.46M | 5.84M | 21.62M |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 5.07M | 6.1M | 3.54M | 2.38M |
| Deferred Tax Liabilities | 3.5M | 4.22M | 1.25M | 0 |
| Other Non-Current Liabilities | 1.4M | 1.15M | 1.05M | 19.24M |
| Total Liabilities | 39.75M | 35.92M | 65.97M | 76.33M |
| Total Debt | 6.44M | 7.28M | 4.83M | 4.24M |
| Net Debt | -145.54M | -65.67M | -24.69M | -12.74M |
| Debt / Equity | 0.03x | 0.05x | 0.14x | 0.52x |
| Debt / EBITDA | 0.16x | 0.11x | 0.22x | 0.47x |
| Net Debt / EBITDA | -3.53x | -1.02x | -1.11x | -1.40x |
| Interest Coverage | 96.04x | 212.85x | 12.12x | 12.74x |
| Total Equity | 197.39M | 134.59M | 34.14M | 8.18M |
| Equity Growth % | 46.66% | 294.19% | 317.29% | - |
| Book Value per Share | - | 3.17 | 0.77 | 0.18 |
| Total Shareholders' Equity | 189.64M | 128.89M | 32.43M | 7.28M |
| Common Stock | 4K | 4K | 102.76M | 90M |
| Retained Earnings | 90.84M | 58.63M | -68.93M | -80.58M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.2M | -2.4M | -2.19M | -2.14M |
| Minority Interest | 7.75M | 5.7M | 1.71M | 901K |
Regional geographic concentration risk
According to the company's financial snapshot, OMSE maintains a substantial cash reserve of $72.95 million, which provides a significant buffer against operational shocks and suggests that the firm is well-positioned to navigate the cyclical volatility inherent in the Middle Eastern oil and gas services market.
The high cash balance relative to the company's scale indicates a conservative liquidity management strategy that prioritizes solvency over aggressive capital deployment. While this provides a robust safety net, investors should monitor whether this idle capital is eventually deployed into high-return regional expansion or if it remains a drag on overall return on equity.
As reported in financial statements, OMSE operates with a negligible debt-to-equity ratio of 0.05%, signaling a structural insulation from rising interest rate environments that often constrain the capital expenditure plans of smaller, more leveraged independent energy service providers operating within the same regional drilling markets.
This near-zero leverage profile suggests that the company's growth is primarily self-funded, which likely protects the firm during industry downturns. Such a clean balance sheet implies that the company possesses significant untapped debt capacity should management decide to pursue strategic acquisitions or large-scale infrastructure investments in the future.
Based on the company's operational footprint, the asset base is heavily weighted toward specialized API-certified threading and repair infrastructure, which serves as a critical competitive moat by creating high switching costs for regional National Oil Companies that rely on OMSE for rapid-response wellhead maintenance services.
The reliance on high-precision machinery suggests an asset-heavy business model that requires consistent maintenance capital expenditure to remain compliant with proprietary connection licenses. The quality of these assets appears intrinsically linked to the company's ability to maintain its 'authorized threader' status, which is essential for sustaining its current market position.
As noted in recent financial disclosures, the accumulation of $72.95 million in cash may potentially distort headline balance sheet metrics by masking the true operational cash-generating efficiency of the core business and inflating interest income, which warrants further investigation into the underlying quality of recurring service revenue.
The lack of a clear dividend or M&A strategy regarding this cash pile suggests a potential disconnect between the company's rapid revenue growth and its capital allocation philosophy. Investors should be cautious that this idle liquidity does not obscure the capital intensity required to maintain the company's specialized manufacturing facilities.
Quick answers to the most common questions about buying OMSE stock.
As of 2026, OMS Energy Technologies Inc. (OMSE) had total assets of $237.1M including $198.2M in current assets.
OMS Energy Technologies Inc. (OMSE) carries total debt of $6.4M, offset by $152.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
OMS Energy Technologies Inc. (OMSE) has total shareholders' equity (book value) of $189.6M. Book value represents the net worth of the company belonging to common stock holders.
OMS Energy Technologies Inc. (OMSE) reported a current ratio of 6.65x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.