Blue Ocean Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Blue Ocean Acquisition has a total shareholder equity of $-16.0M and total debt of $2.6M, which brings its debt-to-equity ratio to -16.5%. Its total assets and total liabilities are $21.2M and $37.2M respectively.
Key information
-16.5%
Debt to equity ratio
US$2.64m
Debt
| Interest coverage ratio | n/a |
| Cash | US$47.68k |
| Equity | -US$15.98m |
| Total liabilities | US$37.22m |
| Total assets | US$21.24m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BOCN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: BOCN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: BOCN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: BOCN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: BOCN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if BOCN's interest payments on its debt are well covered by EBIT.