Green Ocean Corporation Berhad

KLSE:GOCEAN Stock Report

Market Cap: RM29.6m

Green Ocean Corporation Berhad Balance Sheet Health

Financial Health criteria checks 6/6

Green Ocean Berhad has a total shareholder equity of MYR105.8M and total debt of MYR15.8M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are MYR122.7M and MYR16.8M respectively.

Key information

15.0%

Debt to equity ratio

RM15.84m

Debt

Interest coverage ration/a
CashRM82.74m
EquityRM105.84m
Total liabilitiesRM16.85m
Total assetsRM122.69m

Recent financial health updates

Recent updates

Here's Why Green Ocean Corporation Berhad (KLSE:GOCEAN) Can Manage Its Debt Despite Losing Money

Jun 18
Here's Why Green Ocean Corporation Berhad (KLSE:GOCEAN) Can Manage Its Debt Despite Losing Money

We Think Green Ocean Corporation Berhad (KLSE:GOCEAN) Can Stay On Top Of Its Debt

Jan 25
We Think Green Ocean Corporation Berhad (KLSE:GOCEAN) Can Stay On Top Of Its Debt

Is Green Ocean Corporation Berhad (KLSE:GOCEAN) Weighed On By Its Debt Load?

Feb 02
Is Green Ocean Corporation Berhad (KLSE:GOCEAN) Weighed On By Its Debt Load?

We're Keeping An Eye On Green Ocean Corporation Berhad's (KLSE:GOCEAN) Cash Burn Rate

Jan 10
We're Keeping An Eye On Green Ocean Corporation Berhad's (KLSE:GOCEAN) Cash Burn Rate

Financial Position Analysis

Short Term Liabilities: GOCEAN's short term assets (MYR114.8M) exceed its short term liabilities (MYR10.7M).

Long Term Liabilities: GOCEAN's short term assets (MYR114.8M) exceed its long term liabilities (MYR6.2M).


Debt to Equity History and Analysis

Debt Level: GOCEAN has more cash than its total debt.

Reducing Debt: GOCEAN's debt to equity ratio has reduced from 125.8% to 15% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GOCEAN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: GOCEAN has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 16.9% each year


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