GT Bank

Key Performance Metrics

  • The review of Net Profit Margin witnessed a surging trend. The Net Profit Margin improved from 88.58% in 2018 to 93.41% in 2021.
  • The average EBIT Margin for the period under analysis was 124.13%, with 2020 and 2018 performing the worst and best, respectively.
  • In the current year, GTCO was able to cover its interest liabilities 11.56 times in the current year- compared to 2017 when it was 3.75 times.
  • The Asset turnover stood at 0.08 times in 2021 from 0.01 in 2017, implying a high performance on of the business in relation to revenue.

Profitability

  • The revenue of GTCO has decreased year on year. The revenue decreased by 13.42% between 2017 and 2018 and a further 0.46% increase was recorded between 2018 and 2019. There also occurred a/an decrease of 80.90% between 2020 and 2021 (the current period). 
  • GTCO’s performance in profitability looks good as the return on equity also recorded good performance during the period of analysis.

Liquidity

  • The company’s result in liquidity looks strong, as loan to deposits decreased from 0.49 to 0.47 on the last year. Which implies that the company has enough assets to settle its current liabilities.

Capital Structure

  • GTCO is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been increasing year on year. The gearing position of the company appears to be low as it stood at 17% in the current year.

Source: GTCO Annual Report

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