Ghana Oil Co (XGHA:GOIL) Debt-to-Equity : 0.35 (As of Dec. 2022)

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What is Ghana Oil Co Debt-to-Equity?

Ghana Oil Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was GHS188 Mil. Ghana Oil Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was GHS90 Mil. Ghana Oil Co's Total Stockholders Equity for the quarter that ended in Dec. 2022 was GHS789 Mil. Ghana Oil Co's debt to equity for the quarter that ended in Dec. 2022 was 0.35.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Ghana Oil Co's Debt-to-Equity or its related term are showing as below:

XGHA:GOIL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.4 Max: 0.9
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of Ghana Oil Co was 0.90. The lowest was 0.15. And the median was 0.40.

XGHA:GOIL's Debt-to-Equity is ranked better than
57.23% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs XGHA:GOIL: 0.35

Ghana Oil Co Debt-to-Equity Historical Data

The historical data trend for Ghana Oil Co's Debt-to-Equity 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.

* Premium members only.

Ghana Oil Co Debt-to-Equity Chart

Ghana Oil Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.27

0.49

0.67

0.44

0.35

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial									0.27	0.49	0.67	0.44	0.35

Competitive Comparison of Ghana Oil Co's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ghana Oil Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ghana Oil Co's Debt-to-Equity falls into.

Ghana Oil Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ghana Oil Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(188.448	+	90.005)	/	788.824
	=	0.35

Ghana Oil Co's Debt to Equity Ratio for the quarter that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(188.448	+	90.005)	/	788.824
	=	0.35

Ghana Oil Co (XGHA:GOIL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Ghana Oil Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Ghana Oil Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Ghana Oil Co (XGHA:GOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products 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.

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