Ojai Oil Balance Sheet Health
Financial Health criteria checks 2/6
Ojai Oil has a total shareholder equity of $32.5M and total debt of $42.3M, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are $79.6M and $47.2M respectively. Ojai Oil's EBIT is $5.1M making its interest coverage ratio 4.1. It has cash and short-term investments of $8.4M.
Key information
130.3%
Debt to equity ratio
US$42.33m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$8.37m |
| Equity | US$32.49m |
| Total liabilities | US$47.15m |
| Total assets | US$79.64m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: OJOC's short term assets ($8.7M) exceed its short term liabilities ($2.6M).
Long Term Liabilities: OJOC's short term assets ($8.7M) do not cover its long term liabilities ($44.5M).
Debt to Equity History and Analysis
Debt Level: OJOC's net debt to equity ratio (104.5%) is considered high.
Reducing Debt: OJOC's debt to equity ratio has increased from 99.9% to 130.3% over the past 5 years.
Debt Coverage: OJOC's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: OJOC's interest payments on its debt are well covered by EBIT (4.1x coverage).