Green Ocean Corporation Berhad Balance Sheet Health
Financial Health criteria checks 6/6
Green Ocean Berhad has a total shareholder equity of MYR113.0M and total debt of MYR16.0M, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are MYR129.7M and MYR16.6M respectively.
Key information
14.2%
Debt to equity ratio
RM16.00m
Debt
| Interest coverage ratio | n/a |
| Cash | RM88.04m |
| Equity | RM113.05m |
| Total liabilities | RM16.61m |
| Total assets | RM129.65m |
Financial Position Analysis
Short Term Liabilities: GOCEAN's short term assets (MYR122.1M) exceed its short term liabilities (MYR10.3M).
Long Term Liabilities: GOCEAN's short term assets (MYR122.1M) exceed its long term liabilities (MYR6.3M).
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 113.2% to 14.2% 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 17.9% each year