OceanaGold Balance Sheet Health
Financial Health criteria checks 6/6
OceanaGold has a total shareholder equity of $1.9B and total debt of $86.8M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are $2.6B and $670.2M respectively. OceanaGold's EBIT is $170.8M making its interest coverage ratio 7.6. It has cash and short-term investments of $158.6M.
Key information
4.6%
Debt to equity ratio
US$86.80m
Debt
| Interest coverage ratio | 7.6x |
| Cash | US$158.60m |
| Equity | US$1.90b |
| Total liabilities | US$670.20m |
| Total assets | US$2.57b |
Recent financial health updates
Does OceanaGold (TSE:OGC) Have A Healthy Balance Sheet?
Nov 18
These 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
Returns On Capital At OceanaGold (TSE:OGC) Have Hit The Brakes
Oct 13Does 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 30
Financial Position Analysis
Short Term Liabilities: OGC's short term assets ($446.5M) exceed its short term liabilities ($323.9M).
Long Term Liabilities: OGC's short term assets ($446.5M) exceed its long term liabilities ($346.3M).
Debt to Equity History and Analysis
Debt Level: OGC has more cash than its total debt.
Reducing Debt: OGC's debt to equity ratio has reduced from 9.7% to 4.6% over the past 5 years.
Debt Coverage: OGC's debt is well covered by operating cash flow (509.9%).
Interest Coverage: OGC's interest payments on its debt are well covered by EBIT (7.6x coverage).