Palmci Balance Sheet Health
Financial Health criteria checks 6/6
Palmci has a total shareholder equity of F CFA130.4B and total debt of F CFA10.6B, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are F CFA211.9B and F CFA81.5B respectively. Palmci's EBIT is F CFA31.0B making its interest coverage ratio 76.7. It has cash and short-term investments of F CFA31.2B.
Key information
8.1%
Debt to equity ratio
XOF10.61b
Debt
Interest coverage ratio | 76.7x |
Cash | XOF31.19b |
Equity | XOF130.37b |
Total liabilities | XOF81.51b |
Total assets | XOF211.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PALC's short term assets (F CFA120.7B) exceed its short term liabilities (F CFA70.9B).
Long Term Liabilities: PALC's short term assets (F CFA120.7B) exceed its long term liabilities (F CFA10.6B).
Debt to Equity History and Analysis
Debt Level: PALC has more cash than its total debt.
Reducing Debt: PALC's debt to equity ratio has reduced from 18.6% to 8.1% over the past 5 years.
Debt Coverage: PALC's debt is well covered by operating cash flow (575.8%).
Interest Coverage: PALC's interest payments on its debt are well covered by EBIT (76.7x coverage).