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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/28 10:58 |
| End of Day Share Price | 2022/03/31 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
NewOcean Energy Holdings Limited is covered by 12 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vitus Leung | BofA Global Research |
| Henry Li | CASH Financial Services Group Ltd. |
| Lewis Pang | Cinda International Research Limited |