Oceana Group Balance Sheet Health
Financial Health criteria checks 6/6
Oceana Group has a total shareholder equity of ZAR8.0B and total debt of ZAR2.5B, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are ZAR13.5B and ZAR5.5B respectively. Oceana Group's EBIT is ZAR1.4B making its interest coverage ratio 7.3. It has cash and short-term investments of ZAR518.0M.
Key information
31.3%
Debt to equity ratio
R2.50b
Debt
| Interest coverage ratio | 7.3x |
| Cash | R518.00m |
| Equity | R7.97b |
| Total liabilities | R5.51b |
| Total assets | R13.48b |
Recent financial health updates
Oceana Group (JSE:OCE) Has A Somewhat Strained Balance Sheet
Mar 16
Does Oceana Group (JSE:OCE) Have A Healthy Balance Sheet?
Jan 05
Recent updates
Oceana Group (JSE:OCE) Is Increasing Its Dividend To ZAR3.05
Dec 05Oceana Group (JSE:OCE) Has Announced That It Will Be Increasing Its Dividend To ZAR1.30
Jun 18Industry Analysts Just Upgraded Their Oceana Group Limited (JSE:OCE) Revenue Forecasts By 14%
Jun 09Oceana Group Limited Just Beat EPS By 18%: Here's What Analysts Think Will Happen Next
Dec 10Oceana Group Limited (JSE:OCE) Analysts Just Cut Their EPS Forecasts Substantially
Jun 22Oceana Group (JSE:OCE) Is Paying Out Less In Dividends Than Last Year
Jun 08Oceana Group (JSE:OCE) Has A Somewhat Strained Balance Sheet
Mar 16Oceana Group's (JSE:OCE) Returns On Capital Are Heading Higher
Feb 01Shareholders May Find It Hard To Justify Increasing Oceana Group Limited's (JSE:OCE) CEO Compensation For Now
Mar 17Key Things To Consider Before Buying Oceana Group Limited (JSE:OCE) For Its Dividend
Mar 16What Can The Trends At Oceana Group (JSE:OCE) Tell Us About Their Returns?
Mar 01What Is The Ownership Structure Like For Oceana Group Limited (JSE:OCE)?
Feb 14Need To Know: Oceana Group Limited (JSE:OCE) Insiders Have Been Buying Shares
Feb 03Oceana Group Limited's (JSE:OCE) Stock Been Rising But Financials Look Weak: Should Shareholders Be Worried?
Jan 19Does Oceana Group (JSE:OCE) Have A Healthy Balance Sheet?
Jan 05Is It Worth Considering Oceana Group Limited (JSE:OCE) For Its Upcoming Dividend?
Dec 24What Did Oceana Group's (JSE:OCE) CEO Take Home Last Year?
Dec 17Know This Before Buying Oceana Group Limited (JSE:OCE) For Its Dividend
Dec 05Financial Position Analysis
Short Term Liabilities: OCE's short term assets (ZAR4.6B) exceed its short term liabilities (ZAR2.8B).
Long Term Liabilities: OCE's short term assets (ZAR4.6B) exceed its long term liabilities (ZAR2.7B).
Debt to Equity History and Analysis
Debt Level: OCE's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: OCE's debt to equity ratio has reduced from 80% to 31.3% over the past 5 years.
Debt Coverage: OCE's debt is well covered by operating cash flow (44.5%).
Interest Coverage: OCE's interest payments on its debt are well covered by EBIT (7.3x coverage).