Green Ocean Corporation Berhad
KLSE:GOCEAN Stock Report
Green Ocean Corporation Berhad Balance Sheet Health
Financial Health criteria checks 4/6 Green Ocean Berhad has a total shareholder equity of MYR105.0M and total debt of MYR15.7M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are MYR122.8M and MYR17.8M respectively.
Key information
15.0%
Debt to equity ratio
Interest coverage ratio n/a Cash RM 81.48m Equity RM 105.00m Total liabilities RM 17.76m Total assets RM 122.76m
Recent financial health updates
Show all updates
Here's Why Green Ocean Corporation Berhad (KLSE:GOCEAN) Can Manage Its Debt Despite Losing Money Jun 18
Second quarter 2024 earnings released: RM0.034 loss per share (vs RM0.013 loss in 2Q 2023) Jun 04
New major risk - Share price stability May 24 Wilee Vegetable Oils Sdn. Bhd. entered into a shares sale agreement to acquire Ace Edible Oil Industries Sdn Bhd from Green Ocean Corporation Berhad (KLSE:GOCEAN) for MYR 0.1 million. Apr 05
First quarter 2024 earnings released: RM0.003 loss per share (vs RM0.032 profit in 1Q 2023) Mar 01
Full year 2023 earnings released: EPS: RM0.022 (vs RM0.12 loss in FY 2022) Feb 03 Green Ocean Corporation Berhad, Annual General Meeting, Feb 21, 2024 Jan 30
We Think Green Ocean Corporation Berhad (KLSE:GOCEAN) Can Stay On Top Of Its Debt Jan 25
Full year 2023 earnings released: RM0.002 loss per share (vs RM0.12 loss in FY 2022) Nov 30
High number of new and inexperienced directors Sep 08
Full year 2023 earnings released: RM0.005 loss per share (vs RM0.01 loss in FY 2022) Sep 05
Third quarter 2023 earnings released: RM0.001 loss per share (vs RM0.002 loss in 3Q 2022) Jun 03
Second quarter 2023 earnings released: EPS: RM0.003 (vs RM0.004 loss in 2Q 2022) Mar 03
Now 32% undervalued Feb 10
Is Green Ocean Corporation Berhad (KLSE:GOCEAN) Weighed On By Its Debt Load? Feb 02
First quarter 2023 earnings released: RM0.004 loss per share (vs RM0.002 loss in 1Q 2022) Dec 03
High number of new and inexperienced directors Nov 16
Full year 2022 earnings released: RM0.01 loss per share (vs RM0.014 loss in FY 2021) Nov 03
High number of new and inexperienced directors Nov 01 Green Ocean Corporation Berhad Appoints Chong Loong Men as Executive Director
Full year 2022 earnings released: RM0.01 loss per share (vs RM0.014 loss in FY 2021) Sep 01
Third quarter 2022 earnings released: RM0.002 loss per share (vs RM0.007 loss in 3Q 2021) May 30
High number of new and inexperienced directors Apr 27
Green Ocean Corporation Berhad Appoints Encik Mahfuz Bin Omar as Independent and Non Executive Director Apr 23
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Feb 23
We're Keeping An Eye On Green Ocean Corporation Berhad's (KLSE:GOCEAN) Cash Burn Rate Jan 10
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations Nov 30
Full year 2021 earnings released: RM0.014 loss per share (vs RM0.035 loss in FY 2020) Sep 30
High number of new and inexperienced directors Sep 02
Director Siew Mak has joined 5th company board Aug 28
Green Ocean Corporation Berhad has completed a Follow-on Equity Offering in the amount of MYR 8.129629 million. Aug 26
Independent Non-Executive Director has left the company May 28
Green Ocean Corporation Berhad Appoints Lock Pik Wah as Chief Financial Officer Dec 02
Green Ocean Corporation Berhad has completed a Follow-on Equity Offering in the amount of MYR 11.740294 million. Nov 12
Green Ocean Corporation Berhad Announces Resignation of Gioh Poh Chiok as Principal Officer Oct 01
Full year earnings released - RM0.033 loss per share Aug 29
Green Ocean Corporation Berhad has completed a Follow-on Equity Offering in the amount of MYR 7.561431 million. Aug 26
New 90-day high - RM0.22 Jul 24
Financial Position Analysis
Short Term Liabilities: GOCEAN's short term assets (MYR115.0M) exceed its short term liabilities (MYR11.6M).
Long Term Liabilities: GOCEAN's short term assets (MYR115.0M) exceed its long term liabilities (MYR6.1M).
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 82.3% to 15% over the past 5 years.
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: Insufficient data to determine if GOCEAN has enough cash runway based on its current free cash flow .
Forecast Cash Runway: Insufficient data to determine if GOCEAN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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