Oceanic Iron Ore Balance Sheet Health
Financial Health criteria checks 4/6
Oceanic Iron Ore has a total shareholder equity of CA$34.1M and total debt of CA$11.2M, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are CA$46.7M and CA$12.6M respectively.
Key information
32.7%
Debt to equity ratio
CA$11.17m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.86m |
| Equity | CA$34.11m |
| Total liabilities | CA$12.56m |
| Total assets | CA$46.67m |
Recent financial health updates
Does Oceanic Iron Ore (CVE:FEO) Have A Healthy Balance Sheet?
Aug 24
Health Check: How Prudently Does Oceanic Iron Ore (CVE:FEO) Use Debt?
Aug 22Would Oceanic Iron Ore (CVE:FEO) Be Better Off With Less Debt?
Apr 30Oceanic Iron Ore (CVE:FEO) Is Making Moderate Use Of Debt
Jan 25Is Oceanic Iron Ore (CVE:FEO) A Risky Investment?
Sep 18Recent updates
Does Oceanic Iron Ore (CVE:FEO) Have A Healthy Balance Sheet?
Aug 24Health Check: How Prudently Does Oceanic Iron Ore (CVE:FEO) Use Debt?
Aug 22Would Oceanic Iron Ore (CVE:FEO) Be Better Off With Less Debt?
Apr 30Oceanic Iron Ore (CVE:FEO) Is Making Moderate Use Of Debt
Jan 25Is Oceanic Iron Ore (CVE:FEO) A Risky Investment?
Sep 18Financial Position Analysis
Short Term Liabilities: FEO's short term assets (CA$1.9M) do not cover its short term liabilities (CA$12.1M).
Long Term Liabilities: FEO's short term assets (CA$1.9M) exceed its long term liabilities (CA$483.1K).
Debt to Equity History and Analysis
Debt Level: FEO's net debt to equity ratio (27.3%) is considered satisfactory.
Reducing Debt: FEO's debt to equity ratio has increased from 11.8% to 32.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FEO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: FEO has sufficient cash runway for 2.2 years if free cash flow continues to grow at historical rates of 6.6% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 16:01 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Oceanic Iron Ore Corp. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gary Lampard | Canaccord Genuity |
| Daniel Greenspan | Macquarie Research |
| Eldon Brown | National Bank Financial |