Ocean GeoLoop Balance Sheet Health
Financial Health criteria checks 5/6
Ocean GeoLoop has a total shareholder equity of NOK235.8M and total debt of NOK2.6M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are NOK307.4M and NOK71.6M respectively.
Key information
1.1%
Debt to equity ratio
kr2.62m
Debt
Interest coverage ratio | n/a |
Cash | kr114.29m |
Equity | kr235.77m |
Total liabilities | kr71.64m |
Total assets | kr307.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OCEAN's short term assets (NOK172.8M) exceed its short term liabilities (NOK48.3M).
Long Term Liabilities: OCEAN's short term assets (NOK172.8M) exceed its long term liabilities (NOK23.3M).
Debt to Equity History and Analysis
Debt Level: OCEAN has more cash than its total debt.
Reducing Debt: Insufficient data to determine if OCEAN's debt to equity ratio has reduced 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: OCEAN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: OCEAN has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 5% each year.