Ghana Oil Co (XGHA:GOIL) Equity-to-Asset : 0.17 (As of Dec. 2022)

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What is Ghana Oil Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ghana Oil Co's Total Stockholders Equity for the quarter that ended in Dec. 2022 was GHS789 Mil. Ghana Oil Co's Total Assets for the quarter that ended in Dec. 2022 was GHS4,610 Mil. Therefore, Ghana Oil Co's Equity to Asset Ratio for the quarter that ended in Dec. 2022 was 0.17.

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

XGHA:GOIL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.28 Max: 0.36
Current: 0.17

During the past 13 years, the highest Equity to Asset Ratio of Ghana Oil Co was 0.36. The lowest was 0.17. And the median was 0.28.

XGHA:GOIL's Equity-to-Asset is ranked worse than
84.63% of 1093 companies
in the Oil & Gas industry
Industry Median: 0.5 vs XGHA:GOIL: 0.17

Ghana Oil Co Equity-to-Asset Historical Data

The historical data trend for Ghana Oil Co's Equity-to-Asset 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 Equity-to-Asset Chart

Ghana Oil Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.33

0.31

0.29

0.27

0.17

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Equity-to-Asset	Get a 7-Day Free Trial									0.33	0.31	0.29	0.27	0.17

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

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

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

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

Ghana Oil Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	788.824	/	4609.544
	=	0.17

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

Equity to Asset (Q: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	788.824	/	4609.544
	=	0.17

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Ghana Oil Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Ghana Oil Co's Equity-to-Asset 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 » Equity-to-Asset

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.

Ghana Oil Co (XGHA:GOIL) Headlines

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