Green Ocean Corporation Berhad Balance Sheet Health

Financial Health criteria checks 4/6

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

RM 15.84m

Debt

Interest coverage ratio	n/a
Cash	RM 82.74m
Equity	RM 105.84m
Total liabilities	RM 16.85m
Total assets	RM 122.69m

Recent financial health updates

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

Jun 18

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

Jan 25

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

Feb 02

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

Jan 10

Recent updates

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

Jun 18

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

Jan 25

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

Feb 02

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

Jan 10

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: 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.

Green Ocean Corporation Berhad Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

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

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

Recent updates

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

Second quarter 2024 earnings released: RM0.034 loss per share (vs RM0.013 loss in 2Q 2023)

New major risk - Share price stability

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.

First quarter 2024 earnings released: RM0.003 loss per share (vs RM0.032 profit in 1Q 2023)

Full year 2023 earnings released: EPS: RM0.022 (vs RM0.12 loss in FY 2022)

Green Ocean Corporation Berhad, Annual General Meeting, Feb 21, 2024

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

Full year 2023 earnings released: RM0.002 loss per share (vs RM0.12 loss in FY 2022)

High number of new and inexperienced directors

Full year 2023 earnings released: RM0.005 loss per share (vs RM0.01 loss in FY 2022)

Third quarter 2023 earnings released: RM0.001 loss per share (vs RM0.002 loss in 3Q 2022)

Second quarter 2023 earnings released: EPS: RM0.003 (vs RM0.004 loss in 2Q 2022)

Now 32% undervalued

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

First quarter 2023 earnings released: RM0.004 loss per share (vs RM0.002 loss in 1Q 2022)

High number of new and inexperienced directors

Full year 2022 earnings released: RM0.01 loss per share (vs RM0.014 loss in FY 2021)

High number of new and inexperienced directors

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)

Third quarter 2022 earnings released: RM0.002 loss per share (vs RM0.007 loss in 3Q 2021)

High number of new and inexperienced directors

Green Ocean Corporation Berhad Appoints Encik Mahfuz Bin Omar as Independent and Non Executive Director

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

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

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings released: RM0.014 loss per share (vs RM0.035 loss in FY 2020)

High number of new and inexperienced directors

Director Siew Mak has joined 5th company board

Green Ocean Corporation Berhad has completed a Follow-on Equity Offering in the amount of MYR 8.129629 million.

Independent Non-Executive Director has left the company

Green Ocean Corporation Berhad Appoints Lock Pik Wah as Chief Financial Officer

Green Ocean Corporation Berhad has completed a Follow-on Equity Offering in the amount of MYR 11.740294 million.

Green Ocean Corporation Berhad Announces Resignation of Gioh Poh Chiok as Principal Officer

Full year earnings released - RM0.033 loss per share

Green Ocean Corporation Berhad has completed a Follow-on Equity Offering in the amount of MYR 7.561431 million.

New 90-day high - RM0.22

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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