Palmci Balance Sheet Health
Financial Health criteria checks 5/6
Palmci has a total shareholder equity of F CFA128.9B and total debt of F CFA33.9B, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are F CFA205.9B and F CFA77.1B respectively. Palmci's EBIT is F CFA20.1B making its interest coverage ratio 102.4. It has cash and short-term investments of F CFA19.0B.
Key information
26.3%
Debt to equity ratio
XOF 33.91b
Debt
| Interest coverage ratio | 102.4x |
| Cash | XOF 19.03b |
| Equity | XOF 128.88b |
| Total liabilities | XOF 77.06b |
| Total assets | XOF 205.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PALC's short term assets (F CFA110.0B) exceed its short term liabilities (F CFA69.7B).
Long Term Liabilities: PALC's short term assets (F CFA110.0B) exceed its long term liabilities (F CFA7.3B).
Debt to Equity History and Analysis
Debt Level: PALC's net debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: PALC's debt to equity ratio has reduced from 41.8% to 26.3% over the past 5 years.
Debt Coverage: PALC's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: PALC's interest payments on its debt are well covered by EBIT (102.4x coverage).