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 ratio | 2.1x |
| Cash | GH₵187.62m |
| Equity | GH₵859.35m |
| Total liabilities | GH₵3.07b |
| Total assets | GH₵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).