Oceana Group Balance Sheet Health
Financial Health criteria checks 6/6
Oceana Group has a total shareholder equity of ZAR8.0B and total debt of ZAR2.5B, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are ZAR13.5B and ZAR5.5B respectively. Oceana Group's EBIT is ZAR1.4B making its interest coverage ratio 7.3. It has cash and short-term investments of ZAR518.0M.
Key information
31.3%
Debt to equity ratio
R2.50b
Debt
Interest coverage ratio | 7.3x |
Cash | R518.00m |
Equity | R7.97b |
Total liabilities | R5.51b |
Total assets | R13.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OCGP.F's short term assets (ZAR4.6B) exceed its short term liabilities (ZAR2.8B).
Long Term Liabilities: OCGP.F's short term assets (ZAR4.6B) exceed its long term liabilities (ZAR2.7B).
Debt to Equity History and Analysis
Debt Level: OCGP.F's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: OCGP.F's debt to equity ratio has reduced from 80% to 31.3% over the past 5 years.
Debt Coverage: OCGP.F's debt is well covered by operating cash flow (44.5%).
Interest Coverage: OCGP.F's interest payments on its debt are well covered by EBIT (7.3x coverage).