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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 23These 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 03Recent 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).