Ocean Bio-Chem Balance Sheet Health
Financial Health criteria checks 4/6
Ocean Bio-Chem has a total shareholder equity of $47.7M and total debt of $11.4M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are $65.1M and $17.4M respectively. Ocean Bio-Chem's EBIT is $7.3M making its interest coverage ratio 40.3. It has cash and short-term investments of $7.0M.
Key information
23.9%
Debt to equity ratio
US$11.42m
Debt
Interest coverage ratio | 40.3x |
Cash | US$7.02m |
Equity | US$47.72m |
Total liabilities | US$17.37m |
Total assets | US$65.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OBC's short term assets ($45.4M) exceed its short term liabilities ($9.6M).
Long Term Liabilities: OBC's short term assets ($45.4M) exceed its long term liabilities ($7.8M).
Debt to Equity History and Analysis
Debt Level: OBC's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: OBC's debt to equity ratio has increased from 0.4% to 23.9% over the past 5 years.
Debt Coverage: OBC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OBC's interest payments on its debt are well covered by EBIT (40.3x coverage).