Clydestone Ghana Balance Sheet Health
Financial Health criteria checks 6/6
Clydestone Ghana has a total shareholder equity of GHS5.9M and total debt of GHS619.1K, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are GHS15.6M and GHS9.7M respectively. Clydestone Ghana's EBIT is GHS2.7M making its interest coverage ratio 7.2. It has cash and short-term investments of GHS1.4M.
Key information
10.5%
Debt to equity ratio
GH₵619.13k
Debt
| Interest coverage ratio | 7.2x |
| Cash | GH₵1.43m |
| Equity | GH₵5.90m |
| Total liabilities | GH₵9.74m |
| Total assets | GH₵15.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLYD's short term assets (GHS11.0M) exceed its short term liabilities (GHS9.1M).
Long Term Liabilities: CLYD's short term assets (GHS11.0M) exceed its long term liabilities (GHS600.8K).
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 18.1% to 10.5% over the past 5 years.
Debt Coverage: CLYD's debt is well covered by operating cash flow (309.1%).
Interest Coverage: CLYD's interest payments on its debt are well covered by EBIT (7.2x coverage).