Oceanic Iron Ore Balance Sheet Health
Financial Health criteria checks 1/6
Oceanic Iron Ore has a total shareholder equity of CA$40.0M and total debt of CA$3.4M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CA$44.7M and CA$4.7M respectively.
Key information
8.5%
Debt to equity ratio
CA$3.40m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$367.71k |
| Equity | CA$39.98m |
| Total liabilities | CA$4.74m |
| Total assets | CA$44.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FEOV.F's short term assets (CA$383.3K) do not cover its short term liabilities (CA$1.8M).
Long Term Liabilities: FEOV.F's short term assets (CA$383.3K) do not cover its long term liabilities (CA$2.9M).
Debt to Equity History and Analysis
Debt Level: FEOV.F's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: FEOV.F's debt to equity ratio has increased from 2.1% to 8.5% over the past 5 years.
Debt Coverage: FEOV.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FEOV.F's interest payments on its debt are well covered by EBIT.