Clydestone Ghana Balance Sheet Health
Financial Health criteria checks 6/6
Clydestone Ghana has a total shareholder equity of GHS5.2M and total debt of GHS679.2K, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are GHS14.6M and GHS9.4M respectively. Clydestone Ghana's EBIT is GHS1.9M making its interest coverage ratio 5.9. It has cash and short-term investments of GHS4.1M.
Key information
13.1%
Debt to equity ratio
GH₵679.18k
Debt
| Interest coverage ratio | 5.9x |
| Cash | GH₵4.11m |
| Equity | GH₵5.17m |
| Total liabilities | GH₵9.44m |
| Total assets | GH₵14.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLYD's short term assets (GHS9.9M) exceed its short term liabilities (GHS9.3M).
Long Term Liabilities: CLYD's short term assets (GHS9.9M) exceed its long term liabilities (GHS180.0K).
Debt to Equity History and Analysis
Debt Level: CLYD has more cash than its total debt.
Reducing Debt: CLYD's debt to equity ratio has reduced from 13.9% to 13.1% over the past 5 years.
Debt Coverage: CLYD's debt is well covered by operating cash flow (664.2%).
Interest Coverage: CLYD's interest payments on its debt are well covered by EBIT (5.9x coverage).