Oceanic Foods Balance Sheet Health
Financial Health criteria checks 5/6
Oceanic Foods has a total shareholder equity of ₹337.7M and total debt of ₹165.3M, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are ₹663.3M and ₹325.6M respectively. Oceanic Foods's EBIT is ₹55.4M making its interest coverage ratio 8.3. It has cash and short-term investments of ₹60.2M.
Key information
48.9%
Debt to equity ratio
₹165.25m
Debt
| Interest coverage ratio | 8.3x |
| Cash | ₹60.19m |
| Equity | ₹337.70m |
| Total liabilities | ₹325.64m |
| Total assets | ₹663.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540405's short term assets (₹515.5M) exceed its short term liabilities (₹305.8M).
Long Term Liabilities: 540405's short term assets (₹515.5M) exceed its long term liabilities (₹19.8M).
Debt to Equity History and Analysis
Debt Level: 540405's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: 540405's debt to equity ratio has reduced from 89.2% to 48.9% over the past 5 years.
Debt Coverage: 540405's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540405's interest payments on its debt are well covered by EBIT (8.3x coverage).