Palms Sports PJSC Balance Sheet Health
Financial Health criteria checks 5/6
Palms Sports PJSC has a total shareholder equity of AED505.0M and total debt of AED185.2M, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are AED966.0M and AED461.0M respectively. Palms Sports PJSC's EBIT is AED131.4M making its interest coverage ratio 23. It has cash and short-term investments of AED300.6M.
Key information
36.7%
Debt to equity ratio
د.إ185.24m
Debt
| Interest coverage ratio | 23x |
| Cash | د.إ300.61m |
| Equity | د.إ505.02m |
| Total liabilities | د.إ460.96m |
| Total assets | د.إ965.98m |
Recent financial health updates
No updates
Recent updates
We Think You Can Look Beyond Palms Sports PJSC's (ADX:PALMS) Lackluster Earnings
Jul 26
Investors Give Palms Sports PJSC (ADX:PALMS) Shares A 25% Hiding
May 01Here's What's Concerning About Palms Sports PJSC's (ADX:PALMS) Returns On Capital
Apr 16Many Still Looking Away From Palms Sports PJSC (ADX:PALMS)
Mar 01Palms Sports PJSC's (ADX:PALMS) Conservative Accounting Might Explain Soft Earnings
Jan 25Palms Sports PJSC (ADX:PALMS) Ticks All The Boxes When It Comes To Earnings Growth
Nov 30Palms Sports PJSC (ADX:PALMS) Screens Well But There Might Be A Catch
Oct 27Palms Sports PJSC (ADX:PALMS) Might Be Having Difficulty Using Its Capital Effectively
Feb 14Palms Sports PJSC (ADX:PALMS) Knows How To Allocate Capital
Oct 05Here's What Palms Sports PJSC's (ADX:PALMS) Strong Returns On Capital Mean
Jun 30With EPS Growth And More, Palms Sports PJSC (ADX:PALMS) Is Interesting
Apr 14Capital Investment Trends At Palms Sports PJSC (ADX:PALMS) Look Strong
Mar 09Palms Sports PJSC's (ADX:PALMS) Solid Earnings May Rest On Weak Foundations
Aug 05Financial Position Analysis
Short Term Liabilities: PALMS's short term assets (AED735.7M) exceed its short term liabilities (AED183.1M).
Long Term Liabilities: PALMS's short term assets (AED735.7M) exceed its long term liabilities (AED277.9M).
Debt to Equity History and Analysis
Debt Level: PALMS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if PALMS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PALMS's debt is well covered by operating cash flow (92%).
Interest Coverage: PALMS's interest payments on its debt are well covered by EBIT (23x coverage).