OceanaGold Balance Sheet Health
Financial Health criteria checks 5/6
OceanaGold has a total shareholder equity of $1.7B and total debt of $138.2M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are $2.4B and $713.2M respectively. OceanaGold's EBIT is $208.1M making its interest coverage ratio 9.9. It has cash and short-term investments of $61.7M.
Key information
8.0%
Debt to equity ratio
US$138.20m
Debt
Interest coverage ratio | 9.9x |
Cash | US$61.70m |
Equity | US$1.73b |
Total liabilities | US$713.20m |
Total assets | US$2.45b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RQQ's short term assets ($325.5M) exceed its short term liabilities ($311.0M).
Long Term Liabilities: RQQ's short term assets ($325.5M) do not cover its long term liabilities ($402.2M).
Debt to Equity History and Analysis
Debt Level: RQQ's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: RQQ's debt to equity ratio has reduced from 9.6% to 8% over the past 5 years.
Debt Coverage: RQQ's debt is well covered by operating cash flow (278%).
Interest Coverage: RQQ's interest payments on its debt are well covered by EBIT (9.9x coverage).