Oceanic Iron Ore Balance Sheet Health
Financial Health criteria checks 1/6
Oceanic Iron Ore has a total shareholder equity of CA$37.2M and total debt of CA$5.9M, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are CA$44.7M and CA$7.5M respectively.
Key information
15.8%
Debt to equity ratio
CA$5.88m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$150.20k |
| Equity | CA$37.22m |
| Total liabilities | CA$7.52m |
| Total assets | CA$44.74m |
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$181.6K) do not cover its short term liabilities (CA$7.0M).
Long Term Liabilities: FEO's short term assets (CA$181.6K) do not cover its long term liabilities (CA$467.8K).
Debt to Equity History and Analysis
Debt Level: FEO's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: FEO's debt to equity ratio has increased from 12.1% to 15.8% 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: Insufficient data to determine if FEO has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if FEO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.