GOIL Balance Sheet Health
Financial Health criteria checks 1/6
GOIL has a total shareholder equity of GHS886.2M and total debt of GHS1.4B, which brings its debt-to-equity ratio to 155.3%. Its total assets and total liabilities are GHS5.1B and GHS4.2B respectively. GOIL's EBIT is GHS153.6M making its interest coverage ratio 1.2. It has cash and short-term investments of GHS372.7M.
Key information
155.3%
Debt to equity ratio
GH₵1.38b
Debt
| Interest coverage ratio | 1.2x |
| Cash | GH₵372.67m |
| Equity | GH₵886.17m |
| Total liabilities | GH₵4.18b |
| Total assets | GH₵5.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GOIL's short term assets (GHS3.3B) do not cover its short term liabilities (GHS3.4B).
Long Term Liabilities: GOIL's short term assets (GHS3.3B) exceed its long term liabilities (GHS776.6M).
Debt to Equity History and Analysis
Debt Level: GOIL's net debt to equity ratio (113.3%) is considered high.
Reducing Debt: GOIL's debt to equity ratio has increased from 29% to 155.3% 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 (1.2x coverage).