South Ocean Holdings Balance Sheet Health
Financial Health criteria checks 5/6
South Ocean Holdings has a total shareholder equity of ZAR670.4M and total debt of ZAR82.0M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are ZAR1.1B and ZAR415.4M respectively. South Ocean Holdings's EBIT is ZAR117.9M making its interest coverage ratio 5.7. It has cash and short-term investments of ZAR84.5M.
Key information
12.2%
Debt to equity ratio
R82.01m
Debt
| Interest coverage ratio | 5.7x |
| Cash | R84.53m |
| Equity | R670.43m |
| Total liabilities | R415.41m |
| Total assets | R1.09b |
Recent financial health updates
South Ocean Holdings (JSE:SOH) Has A Somewhat Strained Balance Sheet
Dec 02
We Think South Ocean Holdings (JSE:SOH) Is Taking Some Risk With Its Debt
Aug 31Does South Ocean Holdings (JSE:SOH) Have A Healthy Balance Sheet?
Oct 12Is South Ocean Holdings (JSE:SOH) Using Too Much Debt?
Jun 28South Ocean Holdings (JSE:SOH) Seems To Use Debt Quite Sensibly
Oct 13These 4 Measures Indicate That South Ocean Holdings (JSE:SOH) Is Using Debt Reasonably Well
May 24Recent updates
South Ocean Holdings' (JSE:SOH) Solid Profits Have Weak Fundamentals
Mar 28South Ocean Holdings (JSE:SOH) Has Some Way To Go To Become A Multi-Bagger
Mar 16South Ocean Holdings (JSE:SOH) Has A Somewhat Strained Balance Sheet
Dec 02Return Trends At South Ocean Holdings (JSE:SOH) Aren't Appealing
Oct 28We Think South Ocean Holdings (JSE:SOH) Is Taking Some Risk With Its Debt
Aug 31There's Been No Shortage Of Growth Recently For South Ocean Holdings' (JSE:SOH) Returns On Capital
Jul 22Returns At South Ocean Holdings (JSE:SOH) Are On The Way Up
Mar 09The Return Trends At South Ocean Holdings (JSE:SOH) Look Promising
Nov 17Does South Ocean Holdings (JSE:SOH) Have A Healthy Balance Sheet?
Oct 12South Ocean Holdings (JSE:SOH) Might Have The Makings Of A Multi-Bagger
Aug 02Is South Ocean Holdings (JSE:SOH) Using Too Much Debt?
Jun 28Positive Sentiment Still Eludes South Ocean Holdings Limited (JSE:SOH) Following 27% Share Price Slump
Apr 14Here's Why I Think South Ocean Holdings (JSE:SOH) Is An Interesting Stock
Apr 06South Ocean Holdings (JSE:SOH) Is Looking To Continue Growing Its Returns On Capital
Feb 02South Ocean Holdings (JSE:SOH) Seems To Use Debt Quite Sensibly
Oct 13South Ocean Holdings' (JSE:SOH) Earnings Are Weaker Than They Seem
Aug 10South Ocean Holdings' (JSE:SOH) Returns On Capital Are Heading Higher
Aug 10These 4 Measures Indicate That South Ocean Holdings (JSE:SOH) Is Using Debt Reasonably Well
May 24South Ocean Holdings' (JSE:SOH) Returns On Capital Are Heading Higher
Mar 24Financial Position Analysis
Short Term Liabilities: SOH's short term assets (ZAR738.2M) exceed its short term liabilities (ZAR255.9M).
Long Term Liabilities: SOH's short term assets (ZAR738.2M) exceed its long term liabilities (ZAR159.5M).
Debt to Equity History and Analysis
Debt Level: SOH has more cash than its total debt.
Reducing Debt: SOH's debt to equity ratio has reduced from 21.6% to 12.2% over the past 5 years.
Debt Coverage: SOH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SOH's interest payments on its debt are well covered by EBIT (5.7x coverage).