Oceancash Pacific Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Oceancash Pacific Berhad has a total shareholder equity of MYR121.9M and total debt of MYR9.9M, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are MYR149.1M and MYR27.3M respectively. Oceancash Pacific Berhad's EBIT is MYR5.5M making its interest coverage ratio 6.7. It has cash and short-term investments of MYR20.7M.
Key information
8.1%
Debt to equity ratio
RM 9.90m
Debt
| Interest coverage ratio | 6.7x |
| Cash | RM 20.74m |
| Equity | RM 121.85m |
| Total liabilities | RM 27.26m |
| Total assets | RM 149.12m |
Recent financial health updates
Does Oceancash Pacific Berhad (KLSE:OCNCASH) Have A Healthy Balance Sheet?
May 10
Oceancash Pacific Berhad (KLSE:OCNCASH) Seems To Use Debt Rather Sparingly
Jul 27Is 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 02Recent updates
Oceancash Pacific Berhad (KLSE:OCNCASH) Will Be Hoping To Turn Its Returns On Capital Around
Jul 31Optimistic Investors Push Oceancash Pacific Berhad (KLSE:OCNCASH) Shares Up 29% But Growth Is Lacking
May 21Does Oceancash Pacific Berhad (KLSE:OCNCASH) Have A Healthy Balance Sheet?
May 10Oceancash 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 15
Are 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 (MYR53.5M) exceed its short term liabilities (MYR14.1M).
Long Term Liabilities: OCNCASH's short term assets (MYR53.5M) exceed its long term liabilities (MYR13.2M).
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 13.8% to 8.1% over the past 5 years.
Debt Coverage: OCNCASH's debt is well covered by operating cash flow (150%).
Interest Coverage: OCNCASH's interest payments on its debt are well covered by EBIT (6.7x coverage).