Palace Capital Balance Sheet Health
Financial Health criteria checks 5/6
Palace Capital has a total shareholder equity of £97.8M and total debt of £8.3M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are £110.8M and £13.0M respectively. Palace Capital's EBIT is £5.8M making its interest coverage ratio 3.6. It has cash and short-term investments of £19.8M.
Key information
8.4%
Debt to equity ratio
UK£8.25m
Debt
Interest coverage ratio | 3.6x |
Cash | UK£19.77m |
Equity | UK£97.77m |
Total liabilities | UK£12.98m |
Total assets | UK£110.75m |
Recent financial health updates
Recent updates
Palace Capital (LON:PCA) Is Paying Out A Dividend Of £0.0375
Mar 18Estimating The Intrinsic Value Of Palace Capital Plc (LON:PCA)
Sep 29Palace Capital's (LON:PCA) Earnings Are Weaker Than They Seem
Jun 21Palace Capital Plc (LON:PCA) Analysts Just Trimmed Their Revenue Forecasts By 26%
Jun 20Palace Capital (LON:PCA) Has Announced A Dividend Of UK£0.03
Sep 13Palace Capital Plc's (LON:PCA) CEO Might Not Expect Shareholders To Be So Generous This Year
Jul 23Don't Buy Palace Capital Plc (LON:PCA) For Its Next Dividend Without Doing These Checks
Mar 14Reflecting on Palace Capital's (LON:PCA) Share Price Returns Over The Last Five Years
Feb 22Something To Consider Before Buying Palace Capital Plc (LON:PCA) For The 5.2% Dividend
Jan 27Is Palace Capital (LON:PCA) Using Too Much Debt?
Jan 01We Wouldn't Be Too Quick To Buy Palace Capital Plc (LON:PCA) Before It Goes Ex-Dividend
Dec 06Our Take On Palace Capital's (LON:PCA) CEO Salary
Nov 30Financial Position Analysis
Short Term Liabilities: PCA's short term assets (£31.2M) exceed its short term liabilities (£4.4M).
Long Term Liabilities: PCA's short term assets (£31.2M) exceed its long term liabilities (£8.6M).
Debt to Equity History and Analysis
Debt Level: PCA has more cash than its total debt.
Reducing Debt: PCA's debt to equity ratio has reduced from 65.9% to 8.4% over the past 5 years.
Debt Coverage: PCA's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: PCA's interest payments on its debt are well covered by EBIT (3.6x coverage).