Guinness Ghana Breweries Balance Sheet Health
Financial Health criteria checks 5/6
Guinness Ghana Breweries has a total shareholder equity of GHS415.1M and total debt of GHS148.6M, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are GHS1.6B and GHS1.2B respectively. Guinness Ghana Breweries's EBIT is GHS188.6M making its interest coverage ratio 3.1. It has cash and short-term investments of GHS224.3M.
Key information
35.8%
Debt to equity ratio
GH₵148.63m
Debt
Interest coverage ratio | 3.1x |
Cash | GH₵224.32m |
Equity | GH₵415.14m |
Total liabilities | GH₵1.22b |
Total assets | GH₵1.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GGBL's short term assets (GHS789.1M) do not cover its short term liabilities (GHS1.1B).
Long Term Liabilities: GGBL's short term assets (GHS789.1M) exceed its long term liabilities (GHS166.4M).
Debt to Equity History and Analysis
Debt Level: GGBL has more cash than its total debt.
Reducing Debt: GGBL's debt to equity ratio has reduced from 38.2% to 35.8% over the past 5 years.
Debt Coverage: GGBL's debt is well covered by operating cash flow (426%).
Interest Coverage: GGBL's interest payments on its debt are well covered by EBIT (3.1x coverage).