NewOcean Energy Holdings Balance Sheet Health
Financial Health criteria checks 2/6
NewOcean Energy Holdings has a total shareholder equity of HK$4.3B and total debt of HK$6.0B, which brings its debt-to-equity ratio to 139.6%. Its total assets and total liabilities are HK$11.2B and HK$6.9B respectively.
Key information
139.6%
Debt to equity ratio
HK$6.03b
Debt
| Interest coverage ratio | n/a |
| Cash | HK$839.08m |
| Equity | HK$4.32b |
| Total liabilities | HK$6.91b |
| Total assets | HK$11.23b |
Recent financial health updates
Recent updates
Should Shareholders Reconsider NewOcean Energy Holdings Limited's (HKG:342) CEO Compensation Package?
Aug 02
Does NewOcean Energy Holdings (HKG:342) Have A Healthy Balance Sheet?
Apr 11What Percentage Of NewOcean Energy Holdings Limited (HKG:342) Shares Do Insiders Own?
Mar 07Shiu Ming Tong Just Bought 95% More Shares In NewOcean Energy Holdings Limited (HKG:342)
Jan 30Trade Alert: The Executive Chairman Of NewOcean Energy Holdings Limited (HKG:342), Siu Shum, Has Just Spent HK$1.1m Buying 1.5% More Shares
Jan 16
How Much Are NewOcean Energy Holdings Limited (HKG:342) Insiders Spending On Buying Shares?
Dec 14What Can We Learn About NewOcean Energy Holdings' (HKG:342) CEO Compensation?
Nov 23Financial Position Analysis
Short Term Liabilities: 342's short term assets (HK$8.1B) exceed its short term liabilities (HK$6.8B).
Long Term Liabilities: 342's short term assets (HK$8.1B) exceed its long term liabilities (HK$87.7M).
Debt to Equity History and Analysis
Debt Level: 342's net debt to equity ratio (120.2%) is considered high.
Reducing Debt: 342's debt to equity ratio has increased from 88.2% to 139.6% over the past 5 years.
Debt Coverage: 342's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: Insufficient data to determine if 342's interest payments on its debt are well covered by EBIT.