Ocean Fresh Berhad Balance Sheet Health
Financial Health criteria checks 4/6
Ocean Fresh Berhad has a total shareholder equity of MYR47.3M and total debt of MYR4.9M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are MYR65.8M and MYR18.4M respectively. Ocean Fresh Berhad's EBIT is MYR5.7M making its interest coverage ratio 21.8. It has cash and short-term investments of MYR6.0M.
Key information
10.3%
Debt to equity ratio
RM 4.88m
Debt
| Interest coverage ratio | 21.8x |
| Cash | RM 6.02m |
| Equity | RM 47.32m |
| Total liabilities | RM 18.43m |
| Total assets | RM 65.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OFB's short term assets (MYR55.2M) exceed its short term liabilities (MYR18.2M).
Long Term Liabilities: OFB's short term assets (MYR55.2M) exceed its long term liabilities (MYR243.0K).
Debt to Equity History and Analysis
Debt Level: OFB has more cash than its total debt.
Reducing Debt: Insufficient data to determine if OFB's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: OFB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OFB's interest payments on its debt are well covered by EBIT (21.8x coverage).