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Ghana Oil CoXGHA:GOIL -5.90%72 Debt-to-Equity is 0.78 as of Dec. 2025, which is 66% above its 10-year median of 0.47. GuruFocus rates XGHA:GOIL with a GF Score™ of 72/100 and a GF Value™ of GHS1.56 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 809 Oil & Gas companies, Ghana Oil Co ranks worse than 65.88% on this metric.
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: 0.47 Max: 1.39
Current: 0.78
During the past 13 years, the highest Debt-to-Equity Ratio of Ghana Oil Co was 1.39. The lowest was 0.15. And the median was 0.47.
XGHA:GOIL's Debt-to-Equity is ranked worse than 65.88% of 809
companies
in the Oil & Gas industry
Industry Median: 0.45
vs XGHA:GOIL: 0.78
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
Ghana Oil Co Debt-to-Equity Historical Data
* Premium members only.
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.
XGHA:GOIL vs MPC, VLO, PSX: Debt-to-Equity Comparison
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 Debt-to-Equity vs 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.
* 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.
Ghana Oil Co (XGHA:GOIL) has a Debt-to-Equity of 0.78 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ghana Oil Co and its competitors. This is 66% above median its historical median of 0.47. Over the past decade, Ghana Oil Co's Debt-to-Equity has ranged from 0.15 to 1.39. According to the industry distribution chart, Ghana Oil Co ranks #533 out of 809 companies in the Oil & Gas industry, placing it in the top 65.9%.
Is Ghana Oil Co's Debt-to-Equity too high?
Ghana Oil Co's current Debt-to-Equity of 0.78 is 66% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.39. The Oil & Gas industry median Debt-to-Equity is 0.45. Ghana Oil Co's value of 0.78 is 73.3% above this industry median. Based on the distribution chart, Ghana Oil Co ranks #533 out of 809 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Ghana Oil Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ghana Oil Co's Debt-to-Equity compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Ghana Oil Co ranks #533 out of 809 companies for Debt-to-Equity. This places Ghana Oil Co in the lower half of its industry. The industry median Debt-to-Equity is 0.45. Ghana Oil Co's value of 0.78 is 73.3% above this benchmark. Historically, Ghana Oil Co's own Debt-to-Equity has ranged from 0.15 to 1.39 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.45, 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-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 809 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ghana Oil Co's current Debt-to-Equity of 0.78 is 73.3% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ghana Oil Co and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ghana Oil Co's current Debt-to-Equity is 0.78, which is 66% above median its own 10-year median of 0.47. 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 GHS1.56, compared to a current price of GHS7.50 — trading 380.8% above its estimated fair value. The current Debt-to-Equity is 0.78, which is 66% above median its 10-year median of 0.47 and 73.3% above the Oil & Gas industry median of 0.45. Ghana Oil Co's overall GF Score™ is 72/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Ghana Oil Co (XGHA:GOIL), the current Debt-to-Equity is 0.78 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 GHS7.50 is trading 380.8% above its estimated GF Value™ of GHS1.56.
GuruFocus considers Ghana Oil Co to be Significantly Overvalued.
Key valuation signals for XGHA:GOIL:
Debt-to-Equity: 0.78 (66% above median its 10-year median of 0.47)
GF Value™: GHS1.56 vs. price of GHS7.50 (380.8% above fair value)
Industry Position: 73.3% above the Oil & Gas median (#533 of 809)
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.
72GF Score
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