Palomar Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Palomar Holdings has a total shareholder equity of $471.3M and total debt of $52.6M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are $1.7B and $1.2B respectively. Palomar Holdings's EBIT is $107.4M making its interest coverage ratio 28.5. It has cash and short-term investments of $51.5M.
Key information
11.2%
Debt to equity ratio
US$52.60m
Debt
Interest coverage ratio | 28.5x |
Cash | US$51.55m |
Equity | US$471.25m |
Total liabilities | US$1.24b |
Total assets | US$1.71b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PH8's short term assets ($595.9M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: PH8's short term assets ($595.9M) exceed its long term liabilities ($148.0M).
Debt to Equity History and Analysis
Debt Level: PH8's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: PH8's debt to equity ratio has reduced from 19.8% to 11.2% over the past 5 years.
Debt Coverage: PH8's debt is well covered by operating cash flow (220.7%).
Interest Coverage: PH8's interest payments on its debt are well covered by EBIT (28.5x coverage).