Ocean Plastics Balance Sheet Health
Financial Health criteria checks 3/6
Ocean Plastics has a total shareholder equity of NT$6.2B and total debt of NT$4.1B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are NT$11.9B and NT$5.7B respectively. Ocean Plastics's EBIT is NT$35.0M making its interest coverage ratio -1.6. It has cash and short-term investments of NT$1.0B.
Key information
66.7%
Debt to equity ratio
NT$4.13b
Debt
| Interest coverage ratio | -1.6x |
| Cash | NT$1.02b |
| Equity | NT$6.19b |
| Total liabilities | NT$5.74b |
| Total assets | NT$11.93b |
Recent financial health updates
Recent updates
Ocean Plastics (TWSE:1321) Strong Profits May Be Masking Some Underlying Issues
Mar 24
I Ran A Stock Scan For Earnings Growth And Ocean Plastics (TPE:1321) Passed With Ease
Apr 29Investors Will Want Ocean Plastics' (TPE:1321) Growth In ROCE To Persist
Apr 11These 4 Measures Indicate That Ocean Plastics (TPE:1321) Is Using Debt Reasonably Well
Mar 04Some Shareholders Feeling Restless Over Ocean Plastics Co., Ltd.'s (TPE:1321) P/E Ratio
Feb 11
Should Ocean Plastics (TPE:1321) Be Disappointed With Their 36% Profit?
Jan 23Do Ocean Plastics's (TPE:1321) Earnings Warrant Your Attention?
Jan 05Will Ocean Plastics' (TPE:1321) Growth In ROCE Persist?
Dec 21Ocean Plastics Co., Ltd. (TPE:1321) On An Uptrend: Could Fundamentals Be Driving The Stock?
Dec 03Financial Position Analysis
Short Term Liabilities: 1321's short term assets (NT$2.1B) exceed its short term liabilities (NT$1.1B).
Long Term Liabilities: 1321's short term assets (NT$2.1B) do not cover its long term liabilities (NT$4.6B).
Debt to Equity History and Analysis
Debt Level: 1321's net debt to equity ratio (50.2%) is considered high.
Reducing Debt: 1321's debt to equity ratio has reduced from 74.6% to 66.7% over the past 5 years.
Debt Coverage: 1321's debt is not well covered by operating cash flow (0.3%).
Interest Coverage: 1321 earns more interest than it pays, so coverage of interest payments is not a concern.