GOIL Balance Sheet Health
Financial Health criteria checks 2/6
GOIL has a total shareholder equity of GHS826.8M and total debt of GHS424.4M, which brings its debt-to-equity ratio to 51.3%. Its total assets and total liabilities are GHS4.0B and GHS3.2B respectively. GOIL's EBIT is GHS129.2M making its interest coverage ratio 1.4. It has cash and short-term investments of GHS224.0M.
Key information
51.3%
Debt to equity ratio
GH₵424.37m
Debt
Interest coverage ratio | 1.4x |
Cash | GH₵223.99m |
Equity | GH₵826.79m |
Total liabilities | GH₵3.18b |
Total assets | GH₵4.00b |
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 (GHS3.1B).
Long Term Liabilities: GOIL's short term assets (GHS2.3B) exceed its long term liabilities (GHS87.4M).
Debt to Equity History and Analysis
Debt Level: GOIL's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: GOIL's debt to equity ratio has increased from 26.7% to 51.3% over the past 5 years.
Debt Coverage: GOIL's debt is not well covered by operating cash flow (12%).
Interest Coverage: GOIL's interest payments on its debt are not well covered by EBIT (1.4x coverage).