OCK Group Berhad Balance Sheet Health

Financial Health criteria checks 2/6

OCK Group Berhad has a total shareholder equity of MYR795.8M and total debt of MYR829.6M, which brings its debt-to-equity ratio to 104.2%. Its total assets and total liabilities are MYR2.0B and MYR1.2B respectively. OCK Group Berhad's EBIT is MYR101.9M making its interest coverage ratio 2.5. It has cash and short-term investments of MYR316.9M.

Key information

104.2%

Debt to equity ratio

RM829.59m

Debt

Interest coverage ratio	2.5x
Cash	RM316.87m
Equity	RM795.79m
Total liabilities	RM1.21b
Total assets	RM2.00b

Recent financial health updates

OCK Group Berhad (KLSE:OCK) Has A Somewhat Strained Balance Sheet

Jun 08

OCK Group Berhad (KLSE:OCK) Takes On Some Risk With Its Use Of Debt

Mar 08

These 4 Measures Indicate That OCK Group Berhad (KLSE:OCK) Is Using Debt Extensively

Nov 17

Recent updates

What You Need To Know About The OCK Group Berhad (KLSE:OCK) Analyst Downgrade Today

Nov 25

OCK Group Berhad's (KLSE:OCK) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Feb 22

At RM0.44, Is It Time To Put OCK Group Berhad (KLSE:OCK) On Your Watch List?

Feb 01

Does OCK Group Berhad's (KLSE:OCK) Statutory Profit Adequately Reflect Its Underlying Profit?

Jan 12

What Kind Of Investors Own Most Of OCK Group Berhad (KLSE:OCK)?

Dec 21

If You Had Bought OCK Group Berhad's (KLSE:OCK) Shares Three Years Ago You Would Be Down 46%

Dec 02

These 4 Measures Indicate That OCK Group Berhad (KLSE:OCK) Is Using Debt Extensively

Nov 17

Financial Position Analysis

Short Term Liabilities: OCK's short term assets (MYR803.2M) exceed its short term liabilities (MYR380.2M).

Long Term Liabilities: OCK's short term assets (MYR803.2M) do not cover its long term liabilities (MYR828.0M).

Debt to Equity History and Analysis

Debt Level: OCK's net debt to equity ratio (64.4%) is considered high.

Reducing Debt: OCK's debt to equity ratio has increased from 97.8% to 104.2% over the past 5 years.

Debt Coverage: OCK's debt is well covered by operating cash flow (20.8%).

Interest Coverage: OCK's interest payments on its debt are not well covered by EBIT (2.5x coverage).

OCK Group Berhad Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

OCK Group Berhad (KLSE:OCK) Has A Somewhat Strained Balance Sheet

OCK Group Berhad (KLSE:OCK) Takes On Some Risk With Its Use Of Debt

These 4 Measures Indicate That OCK Group Berhad (KLSE:OCK) Is Using Debt Extensively

Recent updates

OCK Group Berhad, Annual General Meeting, Jun 05, 2024

Upcoming dividend of RM0.01 per share

Price target increased by 8.5% to RM0.72

OCK Group Berhad Announces Dividend Policy

Full year 2023 earnings released: EPS: RM0.037 (vs RM0.031 in FY 2022)

OCK Group Berhad Announces Retirement of Puan Saira Banu Binti Chara Din as Non Independent and Non Executive Alternate Director

Third quarter 2023 earnings released

Price target increased by 12% to RM0.60

Second quarter 2023 earnings released

OCK Group Berhad Announces the Appointment of MR OOI INN HUEI as Executive Director

OCK Group Berhad Announces Resignation of Chong Wai Yew as Executive Director

First quarter 2023 earnings released

Now 20% undervalued after recent price drop

Price target decreased by 8.5% to RM0.56

Full year 2022 earnings released: EPS: RM0.032 (vs RM0.024 in FY 2021)

Price target increased to RM0.65

Third quarter 2022 earnings released

Price target increased to RM0.59

OCK Group Berhad Appoints Puan Saira Banu Binti Chara Din as Non Independent and Non Executive Alternate Director

Second quarter 2022 earnings released

Price target decreased to RM0.49

OCK Group Berhad Announces Resignation of Syed Norulzaman Bin Syed Kamarulzaman as Independent and Non Executive Chairman of Remuneration Committee

Ock Group Berhad Announces the Redesignation of Dato' Syed Norulzaman Bin Syed Kamarulzaman from Independent Director to Non Independent and Non Executive Director

First quarter 2022 earnings: Revenues in line with analyst expectations

Now 21% undervalued after recent price drop

OCK Group Berhad, Annual General Meeting, Jun 27, 2022

Less than half of directors are independent

Price target decreased to RM0.52

Full year 2021 earnings: EPS and revenues miss analyst expectations

Ock Group Berhad Announces Interim Single Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2021, Payable on 25 March 2022

Consensus revenue estimates fall to RM480.4m

Third quarter 2021 earnings: Revenues in line with analyst expectations

What You Need To Know About The OCK Group Berhad (KLSE:OCK) Analyst Downgrade Today

Second quarter 2021 earnings released

OCK Group Berhad (KLSE:OCK) Has A Somewhat Strained Balance Sheet

First quarter 2021 earnings released

Independent & Non-Executive Director has left the company

Why OCK Group Berhad (KLSE:OCK) Could Be Worth Watching

OCK Group Berhad (KLSE:OCK) Could Be Struggling To Allocate Capital

OCK Group Berhad (KLSE:OCK) Takes On Some Risk With Its Use Of Debt

Price target lowered to RM0.57

Full year 2020 earnings released

Revenue and earnings miss expectations

New 90-day high: RM0.53

OCK Group Berhad's (KLSE:OCK) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

At RM0.44, Is It Time To Put OCK Group Berhad (KLSE:OCK) On Your Watch List?

Does OCK Group Berhad's (KLSE:OCK) Statutory Profit Adequately Reflect Its Underlying Profit?

Price target lowered to RM0.60

What Kind Of Investors Own Most Of OCK Group Berhad (KLSE:OCK)?

New 90-day high: RM0.52

If You Had Bought OCK Group Berhad's (KLSE:OCK) Shares Three Years Ago You Would Be Down 46%

These 4 Measures Indicate That OCK Group Berhad (KLSE:OCK) Is Using Debt Extensively

New 90-day low: RM0.42

New 90-day low: RM0.43

New 90-day low - RM0.47

First half earnings released

New 90-day low - RM0.48

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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