Fan Milk Balance Sheet Health
Financial Health criteria checks 5/6
Fan Milk has a total shareholder equity of GHS229.1M and total debt of GHS55.0M, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are GHS590.3M and GHS361.2M respectively. Fan Milk's EBIT is GHS29.8M making its interest coverage ratio -4.5. It has cash and short-term investments of GHS65.9M.
Key information
24.0%
Debt to equity ratio
GH₵55.00m
Debt
| Interest coverage ratio | -4.5x |
| Cash | GH₵65.92m |
| Equity | GH₵229.09m |
| Total liabilities | GH ₵361.16m |
| Total assets | GH₵590.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FML's short term assets (GHS422.7M) exceed its short term liabilities (GHS300.6M).
Long Term Liabilities: FML's short term assets (GHS422.7M) exceed its long term liabilities (GHS60.5M).
Debt to Equity History and Analysis
Debt Level: FML has more cash than its total debt.
Reducing Debt: FML's debt to equity ratio has increased from 0% to 24% over the past 5 years.
Debt Coverage: FML's debt is well covered by operating cash flow (49.5%).
Interest Coverage: FML earns more interest than it pays, so coverage of interest payments is not a concern.