Palm Hills DevelopmentsE Balance Sheet Health
Financial Health criteria checks 6/6
Palm Hills DevelopmentsE has a total shareholder equity of EGP11.7B and total debt of EGP0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are EGP74.3B and EGP62.6B respectively. Palm Hills DevelopmentsE's EBIT is EGP3.3B making its interest coverage ratio 3.3. It has cash and short-term investments of EGP3.2B.
Key information
0%
Debt to equity ratio
ج.م0
Debt
| Interest coverage ratio | 3.3x |
| Cash | ج.م3.19b |
| Equity | ج.م11.72b |
| Total liabilities | ج.م62.57b |
| Total assets | ج.م74.29b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PHDC's short term assets (EGP42.5B) exceed its short term liabilities (EGP41.1B).
Long Term Liabilities: PHDC's short term assets (EGP42.5B) exceed its long term liabilities (EGP21.5B).
Debt to Equity History and Analysis
Debt Level: PHDC is debt free.
Reducing Debt: PHDC has no debt compared to 5 years ago when its debt to equity ratio was 86.4%.
Debt Coverage: PHDC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PHDC has no debt, therefore coverage of interest payments is not a concern.