South Ocean Holdings Balance Sheet Health
Financial Health criteria checks 5/6
South Ocean Holdings has a total shareholder equity of ZAR691.9M and total debt of ZAR249.5M, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are ZAR1.5B and ZAR810.1M respectively. South Ocean Holdings's EBIT is ZAR118.3M making its interest coverage ratio 4.1. It has cash and short-term investments of ZAR84.5M.
Key information
36.1%
Debt to equity ratio
R249.50m
Debt
| Interest coverage ratio | 4.1x |
| Cash | R84.53m |
| Equity | R691.86m |
| Total liabilities | R810.13m |
| Total assets | R1.50b |
Recent financial health updates
Is South Ocean Holdings (JSE:SOH) A Risky Investment?
Oct 15
South Ocean Holdings (JSE:SOH) Has A Somewhat Strained Balance Sheet
Dec 02We 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 13Recent updates
South Ocean Holdings (JSE:SOH) Is Experiencing Growth In Returns On Capital
Dec 11Lacklustre Performance Is Driving South Ocean Holdings Limited's (JSE:SOH) 36% Price Drop
Nov 14If EPS Growth Is Important To You, South Ocean Holdings (JSE:SOH) Presents An Opportunity
Nov 14Is South Ocean Holdings (JSE:SOH) A Risky Investment?
Oct 15Benign Growth For South Ocean Holdings Limited (JSE:SOH) Underpins Stock's 27% Plummet
Sep 15We Think Shareholders Are Less Likely To Approve A Large Pay Rise For South Ocean Holdings Limited's (JSE:SOH) CEO For Now
Jul 25The Market Lifts South Ocean Holdings Limited (JSE:SOH) Shares 28% But It Can Do More
Jun 27Do South Ocean Holdings' (JSE:SOH) Earnings Warrant Your Attention?
Jun 05South 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 (ZAR1.2B) exceed its short term liabilities (ZAR654.9M).
Long Term Liabilities: SOH's short term assets (ZAR1.2B) exceed its long term liabilities (ZAR155.3M).
Debt to Equity History and Analysis
Debt Level: SOH's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: SOH's debt to equity ratio has reduced from 38.3% to 36.1% 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 (4.1x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 23:34 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
South Ocean Holdings Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|