Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ghana Oil CoXGHA:GOIL 68 Debt-to-EBITDA is 2.40 as of Dec. 2025, which is 88% above its 10-year median of 1.28. GuruFocus rates XGHA:GOIL with a GF Score™ of 68/100 and a GF Value™ of GHS1.31 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 713 Oil & Gas companies, Ghana Oil Co ranks worse than 56.52% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Ghana Oil Co's Debt-to-EBITDA or its related term are showing as below:
XGHA:GOIL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.45 Med: 1.28 Max: 3.88
Current: 2.4
During the past 13 years, the highest Debt-to-EBITDA Ratio of Ghana Oil Co was 3.88. The lowest was 0.45. And the median was 1.28.
XGHA:GOIL's Debt-to-EBITDA is ranked worse than 56.52% of 713
companies
in the Oil & Gas industry
Industry Median: 2
vs XGHA:GOIL: 2.40
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Ghana Oil Co Debt-to-EBITDA Related Terms
Ghana Oil Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Ghana Oil Co's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XGHA:GOIL vs MPC, VLO, PSX: Debt-to-EBITDA Comparison
For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ghana Oil Co Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ghana Oil Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ghana Oil Co's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is one times the quarterly (Dec. 2025) EBITDA data.
Ghana Oil Co (XGHA:GOIL) has a Debt-to-EBITDA of 2.40 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ghana Oil Co. This is 88% above median its historical median of 1.28. Over the past decade, Ghana Oil Co's Debt-to-EBITDA has ranged from 0.45 to 3.88. According to the industry distribution chart, Ghana Oil Co ranks #403 out of 713 companies in the Oil & Gas industry, placing it in the top 56.5%.
Is Ghana Oil Co's Debt-to-EBITDA too high?
Ghana Oil Co's current Debt-to-EBITDA of 2.40 is 88% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 3.88. The Oil & Gas industry median Debt-to-EBITDA is 2.00. Ghana Oil Co's value of 2.40 is 20% above this industry median. Based on the distribution chart, Ghana Oil Co ranks #403 out of 713 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Ghana Oil Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ghana Oil Co's Debt-to-EBITDA compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Ghana Oil Co ranks #403 out of 713 companies for Debt-to-EBITDA. This places Ghana Oil Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.00. Ghana Oil Co's value of 2.40 is 20% above this benchmark. Historically, Ghana Oil Co's own Debt-to-EBITDA has ranged from 0.45 to 3.88 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 2.00, Ghana Oil Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.00, based on 713 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ghana Oil Co's current Debt-to-EBITDA of 2.40 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ghana Oil Co. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ghana Oil Co's current Debt-to-EBITDA is 2.40, which is 88% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ghana Oil Co stock overvalued right now?
Based on GuruFocus' analysis, Ghana Oil Co (XGHA:GOIL) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS1.31, compared to a current price of GHS7.93 — trading 505.3% above its estimated fair value. The current Debt-to-EBITDA is 2.40, which is 88% above median its 10-year median of 1.28 and 20% above the Oil & Gas industry median of 2.00. Ghana Oil Co's overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Ghana Oil Co (XGHA:GOIL), the current Debt-to-EBITDA is 2.40 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ghana Oil Co (XGHA:GOIL) Overvalued in 2026?
Based on GuruFocus' analysis, Ghana Oil Co stock appears to be overvalued.
The current stock price of GHS7.93 is trading 505.3% above its estimated GF Value™ of GHS1.31.
GuruFocus considers Ghana Oil Co to be Significantly Overvalued.
Key valuation signals for XGHA:GOIL:
Debt-to-EBITDA: 2.40 (88% above median its 10-year median of 1.28)
GF Value™: GHS1.31 vs. price of GHS7.93 (505.3% above fair value)
Industry Position: 20% above the Oil & Gas median (#403 of 713)
No single metric tells the full story. See the XGHA:GOIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum and related products, particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly, and socially responsible manner.
68GF Score
Get the complete analysis for XGHA:GOIL
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XGHA:GOIL has been successfully added to your 
