Fan Milk Balance Sheet Health

Financial Health criteria checks 4/6

Fan Milk has a total shareholder equity of GHS243.6M and total debt of GHS55.0M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are GHS628.4M and GHS384.8M respectively. Fan Milk's EBIT is GHS25.7M making its interest coverage ratio -2. It has cash and short-term investments of GHS106.0M.

Key information

22.6%

Debt to equity ratio

GH₵55.00m

Debt

Interest coverage ratio-2x
CashGH₵105.99m
EquityGH₵243.59m
Total liabilitiesGH₵384.81m
Total assetsGH₵628.40m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: FML's short term assets (GHS476.2M) exceed its short term liabilities (GHS393.6M).

Long Term Liabilities: FML's short term assets (GHS476.2M) do not cover its long term liabilities (GHS-8.8M).


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 22.6% over the past 5 years.

Debt Coverage: FML's debt is well covered by operating cash flow (126.9%).

Interest Coverage: FML earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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