Oceancash Pacific Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Oceancash Pacific Berhad has a total shareholder equity of MYR122.9M and total debt of MYR11.4M, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are MYR150.4M and MYR27.5M respectively. Oceancash Pacific Berhad's EBIT is MYR5.0M making its interest coverage ratio 6.3. It has cash and short-term investments of MYR25.9M.
Key information
9.3%
Debt to equity ratio
RM11.39m
Debt
| Interest coverage ratio | 6.3x |
| Cash | RM25.89m |
| Equity | RM122.93m |
| Total liabilities | RM27.46m |
| Total assets | RM150.39m |
Recent financial health updates
Oceancash Pacific Berhad (KLSE:OCNCASH) Seems To Use Debt Rather Sparingly
Jul 27
Is Oceancash Pacific Berhad (KLSE:OCNCASH) A Risky Investment?
Jan 27Oceancash Pacific Berhad (KLSE:OCNCASH) Seems To Use Debt Quite Sensibly
Oct 03Oceancash Pacific Berhad (KLSE:OCNCASH) Could Easily Take On More Debt
Mar 08Oceancash Pacific Berhad (KLSE:OCNCASH) Has A Pretty Healthy Balance Sheet
Jun 02Does Oceancash Pacific Berhad (KLSE:OCNCASH) Have A Healthy Balance Sheet?
Feb 15
Recent updates
Oceancash Pacific Berhad (KLSE:OCNCASH) Seems To Use Debt Rather Sparingly
Jul 27Is Oceancash Pacific Berhad (KLSE:OCNCASH) A Risky Investment?
Jan 27Some Investors May Be Worried About Oceancash Pacific Berhad's (KLSE:OCNCASH) Returns On Capital
Dec 01Oceancash Pacific Berhad (KLSE:OCNCASH) Seems To Use Debt Quite Sensibly
Oct 03Oceancash Pacific Berhad (KLSE:OCNCASH) Could Easily Take On More Debt
Mar 08There Are Reasons To Feel Uneasy About Oceancash Pacific Berhad's (KLSE:OCNCASH) Returns On Capital
Nov 29Oceancash Pacific Berhad (KLSE:OCNCASH) Has A Pretty Healthy Balance Sheet
Jun 02Oceancash Pacific Berhad (KLSE:OCNCASH) Will Be Hoping To Turn Its Returns On Capital Around
Apr 05Analysts Just Made A Major Revision To Their Oceancash Pacific Berhad (KLSE:OCNCASH) Revenue Forecasts
Mar 02Does Oceancash Pacific Berhad (KLSE:OCNCASH) Have A Healthy Balance Sheet?
Feb 15Are Oceancash Pacific Berhad's (KLSE:OCNCASH) Mixed Financials Driving The Negative Sentiment?
Jan 25Returns On Capital At Oceancash Pacific Berhad (KLSE:OCNCASH) Paint An Interesting Picture
Jan 04Should You Use Oceancash Pacific Berhad's (KLSE:OCNCASH) Statutory Earnings To Analyse It?
Dec 16Industry Analysts Just Upgraded Their Oceancash Pacific Berhad (KLSE:OCNCASH) Revenue Forecasts By 14%
Nov 25Financial Position Analysis
Short Term Liabilities: OCNCASH's short term assets (MYR58.7M) exceed its short term liabilities (MYR14.6M).
Long Term Liabilities: OCNCASH's short term assets (MYR58.7M) exceed its long term liabilities (MYR12.8M).
Debt to Equity History and Analysis
Debt Level: OCNCASH has more cash than its total debt.
Reducing Debt: OCNCASH's debt to equity ratio has reduced from 12.8% to 9.3% over the past 5 years.
Debt Coverage: OCNCASH's debt is well covered by operating cash flow (110.3%).
Interest Coverage: OCNCASH's interest payments on its debt are well covered by EBIT (6.3x coverage).