Oceanic Iron Ore Balance Sheet Health
Financial Health criteria checks 1/6
Oceanic Iron Ore has a total shareholder equity of CA$39.8M and total debt of CA$3.4M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are CA$44.7M and CA$4.9M respectively.
Key information
8.7%
Debt to equity ratio
CA$3.45m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$269.51k |
| Equity | CA$39.83m |
| Total liabilities | CA$4.91m |
| Total assets | CA$44.74m |
Financial Position Analysis
Short Term Liabilities: FEO's short term assets (CA$289.4K) do not cover its short term liabilities (CA$1.1M).
Long Term Liabilities: FEO's short term assets (CA$289.4K) do not cover its long term liabilities (CA$3.8M).
Debt to Equity History and Analysis
Debt Level: FEO's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: FEO's debt to equity ratio has increased from 7.7% to 8.7% over the past 5 years.
Debt Coverage: FEO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FEO's interest payments on its debt are well covered by EBIT.