Oceanic Foods Balance Sheet Health
Financial Health criteria checks 4/6
Oceanic Foods has a total shareholder equity of ₹359.5M and total debt of ₹276.9M, which brings its debt-to-equity ratio to 77%. Its total assets and total liabilities are ₹747.9M and ₹388.4M respectively. Oceanic Foods's EBIT is ₹60.0M making its interest coverage ratio 4.4. It has cash and short-term investments of ₹1.2M.
Key information
77.0%
Debt to equity ratio
₹276.85m
Debt
| Interest coverage ratio | 4.4x |
| Cash | ₹1.23m |
| Equity | ₹359.50m |
| Total liabilities | ₹388.40m |
| Total assets | ₹747.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540405's short term assets (₹570.6M) exceed its short term liabilities (₹355.6M).
Long Term Liabilities: 540405's short term assets (₹570.6M) exceed its long term liabilities (₹32.8M).
Debt to Equity History and Analysis
Debt Level: 540405's net debt to equity ratio (76.7%) is considered high.
Reducing Debt: 540405's debt to equity ratio has reduced from 85.7% to 77% 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 (4.4x coverage).