Palm Hills DevelopmentsE Balance Sheet Health
Financial Health criteria checks 3/6
Palm Hills DevelopmentsE has a total shareholder equity of EGP13.7B and total debt of EGP15.5B, which brings its debt-to-equity ratio to 113.3%. Its total assets and total liabilities are EGP104.1B and EGP90.4B respectively. Palm Hills DevelopmentsE's EBIT is EGP5.0B making its interest coverage ratio 3.5. It has cash and short-term investments of EGP10.2B.
Key information
113.3%
Debt to equity ratio
ج.م15.54b
Debt
| Interest coverage ratio | 3.5x |
| Cash | ج.م10.22b |
| Equity | ج.م13.72b |
| Total liabilities | ج.م90.38b |
| Total assets | ج.م104.10b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PHDC's short term assets (EGP58.1B) do not cover its short term liabilities (EGP62.7B).
Long Term Liabilities: PHDC's short term assets (EGP58.1B) exceed its long term liabilities (EGP27.7B).
Debt to Equity History and Analysis
Debt Level: PHDC's net debt to equity ratio (38.8%) is considered satisfactory.
Reducing Debt: PHDC's debt to equity ratio has increased from 79.9% to 113.3% over the past 5 years.
Debt Coverage: PHDC's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: PHDC's interest payments on its debt are well covered by EBIT (3.5x coverage).