OceanPal Balance Sheet Health
Financial Health criteria checks 6/6
OceanPal has a total shareholder equity of $92.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $94.8M and $2.3M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$14.84m |
| Equity | US$92.56m |
| Total liabilities | US$2.29m |
| Total assets | US$94.85m |
Recent financial health updates
Recent updates
Market Might Still Lack Some Conviction On OceanPal Inc. (NASDAQ:OP) Even After 46% Share Price Boost
Mar 29
OceanPal Inc.'s (NASDAQ:OP) Shares Leap 32% Yet They're Still Not Telling The Full Story
Jan 09OceanPal enters time charter contract for m/v Baltimore
Sep 21OceanPal declares $0.01 dividend
Aug 02OceanPal: Messy Junior Dry Bulk Shipper To Conduct Another Dilutive Offering - Sell
Jun 16Why I Initiated A Trading Position In Messy Junior Dry Bulk Shipper OceanPal
Feb 10Financial Position Analysis
Short Term Liabilities: OP's short term assets ($20.0M) exceed its short term liabilities ($2.3M).
Long Term Liabilities: OP has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: OP is debt free.
Reducing Debt: OP has not had any debt for past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: OP has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: OP has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 38% each year