This company has been acquired
Ocean Bio-Chem Balance Sheet Health
Financial Health criteria checks 4/6
Key information
23.9%
Debt to equity ratio
US$11.42m
Debt
| Interest coverage ratio | 40.3x |
| Cash | US$7.02m |
| Equity | US$47.72m |
| Total liabilities | US$17.37m |
| Total assets | US$65.09m |
Recent financial health updates
Here's Why Ocean Bio-Chem (NASDAQ:OBCI) Can Manage Its Debt Responsibly
Jun 23
These 4 Measures Indicate That Ocean Bio-Chem (NASDAQ:OBCI) Is Using Debt Safely
Nov 03Is Ocean Bio-Chem (NASDAQ:OBCI) A Risky Investment?
Jul 27Ocean Bio-Chem (NASDAQ:OBCI) Seems To Use Debt Rather Sparingly
Mar 17Is Ocean Bio-Chem (NASDAQ:OBCI) Using Too Much Debt?
Dec 03
Recent updates
Here's Why Ocean Bio-Chem (NASDAQ:OBCI) Can Manage Its Debt Responsibly
Jun 23Capital Investments At Ocean Bio-Chem (NASDAQ:OBCI) Point To A Promising Future
Apr 07Ocean Bio-Chem (NASDAQ:OBCI) Might Become A Compounding Machine
Dec 16Ocean Bio-Chem's (NASDAQ:OBCI) Dividend Will Be US$0.03
Nov 26Ocean Bio-Chem's (NASDAQ:OBCI) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 22These 4 Measures Indicate That Ocean Bio-Chem (NASDAQ:OBCI) Is Using Debt Safely
Nov 03Ocean Bio-Chem (NASDAQ:OBCI) Will Pay A Dividend Of US$0.03
Sep 02With EPS Growth And More, Ocean Bio-Chem (NASDAQ:OBCI) Is Interesting
Aug 17Ocean Bio-Chem And Its Real Value
Aug 05Is Ocean Bio-Chem (NASDAQ:OBCI) A Risky Investment?
Jul 27Estimating The Intrinsic Value Of Ocean Bio-Chem, Inc. (NASDAQ:OBCI)
May 29Investors Should Be Encouraged By Ocean Bio-Chem's (NASDAQ:OBCI) Returns On Capital
May 17Ocean Bio-Chem (NASDAQ:OBCI) Seems To Use Debt Rather Sparingly
Mar 17Be Sure To Check Out Ocean Bio-Chem, Inc. (NASDAQ:OBCI) Before It Goes Ex-Dividend
Mar 05Why Ocean Bio-Chem, Inc. (NASDAQ:OBCI) Is A Dividend Rockstar
Feb 22Why We Like The Returns At Ocean Bio-Chem (NASDAQ:OBCI)
Feb 09Is Weakness In Ocean Bio-Chem, Inc. (NASDAQ:OBCI) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Jan 27Do Ocean Bio-Chem's (NASDAQ:OBCI) Earnings Warrant Your Attention?
Jan 14This Insider Has Just Sold Shares In Ocean Bio-Chem, Inc. (NASDAQ:OBCI)
Jan 01Shareholders of Ocean Bio-Chem (NASDAQ:OBCI) Must Be Delighted With Their 610% Total Return
Dec 28Ocean Bio-Chem, Inc. (NASDAQ:OBCI) Insiders Have Been Selling
Dec 15Is Ocean Bio-Chem (NASDAQ:OBCI) Using Too Much Debt?
Dec 03Ocean Bio-Chem goes ex-dividend tomorrow
Dec 01Ocean Bio-Chem authorizes $3M share repurchase program
Nov 23A Quick Analysis On Ocean Bio-Chem's (NASDAQ:OBCI) CEO Salary
Nov 21Ocean Bio-Chem Has Maintained Momentum, But Not Enough For New Highs
Nov 19Financial Position Analysis
Short Term Liabilities: OBCI's short term assets ($45.4M) exceed its short term liabilities ($9.6M).
Long Term Liabilities: OBCI's short term assets ($45.4M) exceed its long term liabilities ($7.8M).
Debt to Equity History and Analysis
Debt Level: OBCI's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: OBCI's debt to equity ratio has increased from 0.4% to 23.9% over the past 5 years.
Debt Coverage: OBCI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OBCI's interest payments on its debt are well covered by EBIT (40.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/09 00:11 |
| End of Day Share Price | 2022/08/08 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ocean Bio-Chem, Inc. is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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