OceanFirst Financial Balance Sheet - Annual (NASDAQ:OCFC)

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$26.6 $0.08 (0.3%) OCFC stock closing price Apr 23, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at OceanFirst Financial balance sheet. Financial strength can be guaged by performing OceanFirst Financial stock analysis and by analyzing the balance sheet. Good annual results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. OceanFirst Financial had a long term debt of $356.36M at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at OceanFirst Financial operating cash flow and OceanFirst Financial revenue also. OceanFirst Financial debt to equity ratio is 0.72.

View latest 10 year balance sheet data to check OceanFirst Financial financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash109.61M301.37M43.94M36.11M33.95M62.54M77.52M31.45M23.01M18.47M
Marketable Securities----------
Receivables3.98B3.82B1.98B1.69B1.55B1.53B1.57B1.67B1.64B1.65B
Inventory-1.55M2.69M4.2M-6.74M9.29M6.67M5.65M3.9M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
4.09B4.12B2.02B1.73B1.58B1.6B1.66B1.71B1.66B1.68B
Property Plant & Equipment160.94M126.24M-60.77M57.24M53.4M51.09M49.05M46.59M43.9M
Accumulated Depreciation59.17M54.86M-36.03M33.56M31.17M28.83M26.56M24.5M22.56M
Net Property Plant & Equipment
101.77M71.38M28.41M24.73M23.68M22.23M22.25M22.48M22.08M21.33M
Investment & Advances874.06M630.22M444.69M508.39M553.95M564.51M548.37M450.02M270.32M96.07M
Other Non-Current Assets8.18M9.8M8.82M4.66M4.34M3.21M1.97M2.29M2.61M1.14M
Deferred Charges1.92M38.78M16.8M15.58M15.23M-----
Intangibles159.38M156.21M2.66M-4.17M4.56M4.83M5.65M6.51M7.22M
Deposits & Other Assets180.78M142.27M68.44M67.96M66.72M76.24M68.38M65.51M64.47M55.11M
Total Assets
5.42B5.17B2.59B2.36B2.25B2.27B2.3B2.25B2.03B1.86B
Notes Payable79.66M69.93M75.87M67.81M68.3M60.79M66.1M67.86M64.57M62.42M
Accounts Payable4.34B4.19B1.92B1.72B1.75B1.72B1.71B1.66B1.4B1.27B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
4.42B4.26B1.99B1.79B1.82B1.78B1.78B1.73B1.47B1.34B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt356.36M321.08M354M339.06M208.97M259.88M300.61M299.44M367.95M394.98M
Non-Current Capital Leases----------
Other Long-Term Liabilities35.23M16.24M8.06M11.44M11.32M9.08M7.26M18.8M9.08M6.62M
Total Liabilities
4.81B4.6B2.35B2.14B2.04B2.05B2.09B2.05B1.85B1.74B
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus354.37M364.43M269.75M265.26M263.31M262.7M262.81M260.73M260.13M204.29M
Retained Earnings271.02M238.19M229.14M217.71M206.2M198.1M186.66M174.67M163.06M160.26M
Treasury Stock15.96M22.54M251.5M254.61M245.27M237.5M226.3M224.45M224.46M225.52M
Other Liabilities-7.82M-8.37M-9.28M-10.43M-10.23M-3.85M-6.66M-10.04M-15.52M-19.53M
Shareholders Equity601.94M572.03M238.44M218.25M214.35M219.79M216.84M201.25M183.53M119.78M
Total Liabilities & Shareholders Equity5.42B5.17B2.59B2.36B2.25B2.27B2.3B2.25B2.03B1.86B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the OceanFirst Financial stock price, and OceanFirst Financial historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the OceanFirst Financial PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like OceanFirst Financial owns and has monetary significance. OCFC assets grew from $5.17B in 2016 to $5.42B in 2017. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. OCFC stock had total liabilities of $4.81B for the year 2017.

OceanFirst Financial Balance Sheet - Key Ratios

Current ratio
0.93
Debt to equity ratio
0.72
Asset turnover ratio
0.04
Receivables turnover
0.06
Price to book ratio
1.46