OceanaGold Balance Sheet Health
Financial Health criteria checks 4/6
OceanaGold has a total shareholder equity of $1.7B and total debt of $161.5M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are $2.4B and $727.3M respectively. OceanaGold's EBIT is $175.3M making its interest coverage ratio 8.4. It has cash and short-term investments of $81.1M.
Key information
9.5%
Debt to equity ratio
US$161.50m
Debt
Interest coverage ratio | 8.4x |
Cash | US$81.10m |
Equity | US$1.70b |
Total liabilities | US$727.30m |
Total assets | US$2.43b |
Recent financial health updates
Does OceanaGold (TSE:OGC) Have A Healthy Balance Sheet?
Nov 18These 4 Measures Indicate That OceanaGold (TSE:OGC) Is Using Debt Reasonably Well
Aug 17We Think OceanaGold (TSE:OGC) Has A Fair Chunk Of Debt
Apr 25We Think OceanaGold (TSE:OGC) Is Taking Some Risk With Its Debt
Dec 02Recent updates
Does OceanaGold (TSE:OGC) Have A Healthy Balance Sheet?
Nov 18Some Investors May Be Worried About OceanaGold's (TSE:OGC) Returns On Capital
Oct 09These 4 Measures Indicate That OceanaGold (TSE:OGC) Is Using Debt Reasonably Well
Aug 17OceanaGold (TSE:OGC) Might Be Having Difficulty Using Its Capital Effectively
Jun 19Robust Earnings May Not Tell The Whole Story For OceanaGold (TSE:OGC)
May 06We Think OceanaGold (TSE:OGC) Has A Fair Chunk Of Debt
Apr 25OceanaGold (TSE:OGC) Will Be Hoping To Turn Its Returns On Capital Around
Feb 04We Think OceanaGold (TSE:OGC) Is Taking Some Risk With Its Debt
Dec 02Here's Why OceanaGold (TSE:OGC) Can Afford Some Debt
Jun 30Here's Why OceanaGold (TSE:OGC) Can Afford Some Debt
Mar 07Have Insiders Been Buying OceanaGold Corporation (TSE:OGC) Shares This Year?
Feb 08Could The OceanaGold Corporation (TSE:OGC) Ownership Structure Tell Us Something Useful?
Jan 04OceanaGold (TSE:OGC) Share Prices Have Dropped 51% In The Last Three Years
Nov 30Financial Position Analysis
Short Term Liabilities: OGC's short term assets ($303.5M) do not cover its short term liabilities ($306.7M).
Long Term Liabilities: OGC's short term assets ($303.5M) do not cover its long term liabilities ($420.6M).
Debt to Equity History and Analysis
Debt Level: OGC's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: OGC's debt to equity ratio has reduced from 9.6% to 9.5% over the past 5 years.
Debt Coverage: OGC's debt is well covered by operating cash flow (244.1%).
Interest Coverage: OGC's interest payments on its debt are well covered by EBIT (8.4x coverage).