Ocean Sky International Balance Sheet Health
Financial Health criteria checks 5/6
Ocean Sky International has a total shareholder equity of SGD40.5M and total debt of SGD18.1M, which brings its debt-to-equity ratio to 44.6%. Its total assets and total liabilities are SGD69.0M and SGD28.5M respectively. Ocean Sky International's EBIT is SGD81.0K making its interest coverage ratio 0.1. It has cash and short-term investments of SGD16.1M.
Key information
44.6%
Debt to equity ratio
S$18.06m
Debt
Interest coverage ratio | 0.1x |
Cash | S$16.09m |
Equity | S$40.51m |
Total liabilities | S$28.53m |
Total assets | S$69.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1B6's short term assets (SGD41.4M) exceed its short term liabilities (SGD10.2M).
Long Term Liabilities: 1B6's short term assets (SGD41.4M) exceed its long term liabilities (SGD18.3M).
Debt to Equity History and Analysis
Debt Level: 1B6's net debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: 1B6's debt to equity ratio has increased from 22.9% to 44.6% 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: 1B6 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 1B6 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 15.5% each year