OceanaGold Balance Sheet Health
Financial Health criteria checks 4/6
OceanaGold has a total shareholder equity of $1.7B and total debt of $161.5M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are $2.4B and $727.3M respectively. OceanaGold's EBIT is $175.3M making its interest coverage ratio 8.4. It has cash and short-term investments of $81.1M.
Key information
9.5%
Debt to equity ratio
US$161.50m
Debt
Interest coverage ratio | 8.4x |
Cash | US$81.10m |
Equity | US$1.70b |
Total liabilities | US$727.30m |
Total assets | US$2.43b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0VAQ's short term assets ($303.5M) do not cover its short term liabilities ($306.7M).
Long Term Liabilities: 0VAQ's short term assets ($303.5M) do not cover its long term liabilities ($420.6M).
Debt to Equity History and Analysis
Debt Level: 0VAQ's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: 0VAQ's debt to equity ratio has reduced from 9.6% to 9.5% over the past 5 years.
Debt Coverage: 0VAQ's debt is well covered by operating cash flow (244.1%).
Interest Coverage: 0VAQ's interest payments on its debt are well covered by EBIT (8.4x coverage).