GOIL Balance Sheet Health

Financial Health criteria checks 2/6

GOIL has a total shareholder equity of GHS859.3M and total debt of GHS472.3M, which brings its debt-to-equity ratio to 55%. Its total assets and total liabilities are GHS3.9B and GHS3.1B respectively. GOIL's EBIT is GHS187.4M making its interest coverage ratio 2.1. It has cash and short-term investments of GHS187.6M.

Key information

55.0%

Debt to equity ratio

GH₵472.33m

Debt

Interest coverage ratio2.1x
CashGH₵187.62m
EquityGH₵859.35m
Total liabilitiesGH₵3.07b
Total assetsGH₵3.93b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GOIL's short term assets (GHS2.3B) do not cover its short term liabilities (GHS3.0B).

Long Term Liabilities: GOIL's short term assets (GHS2.3B) exceed its long term liabilities (GHS20.9M).


Debt to Equity History and Analysis

Debt Level: GOIL's net debt to equity ratio (33.1%) is considered satisfactory.

Reducing Debt: GOIL's debt to equity ratio has increased from 26.7% to 55% over the past 5 years.

Debt Coverage: GOIL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GOIL's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


Discover healthy companies

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.