Oceana Group Balance Sheet Health
Financial Health criteria checks 6/6
Oceana Group has a total shareholder equity of ZAR8.2B and total debt of ZAR3.5B, which brings its debt-to-equity ratio to 42.4%. Its total assets and total liabilities are ZAR14.1B and ZAR5.9B respectively. Oceana Group's EBIT is ZAR1.9B making its interest coverage ratio 9.9. It has cash and short-term investments of ZAR1.0B.
Key information
42.4%
Debt to equity ratio
R3.48b
Debt
| Interest coverage ratio | 9.9x |
| Cash | R1.02b |
| Equity | R8.20b |
| Total liabilities | R5.93b |
| Total assets | R14.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: O1F's short term assets (ZAR5.1B) exceed its short term liabilities (ZAR3.0B).
Long Term Liabilities: O1F's short term assets (ZAR5.1B) exceed its long term liabilities (ZAR2.9B).
Debt to Equity History and Analysis
Debt Level: O1F's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: O1F's debt to equity ratio has reduced from 75.8% to 42.4% over the past 5 years.
Debt Coverage: O1F's debt is well covered by operating cash flow (32.8%).
Interest Coverage: O1F's interest payments on its debt are well covered by EBIT (9.9x coverage).