Palace Capital Balance Sheet Health
Financial Health criteria checks 5/6
Palace Capital has a total shareholder equity of £110.0M and total debt of £20.0M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are £137.0M and £27.1M respectively. Palace Capital's EBIT is £9.9M making its interest coverage ratio 2.8. It has cash and short-term investments of £8.9M.
Key information
18.2%
Debt to equity ratio
UK£20.03m
Debt
Interest coverage ratio | 2.8x |
Cash | UK£8.87m |
Equity | UK£109.96m |
Total liabilities | UK£27.09m |
Total assets | UK£137.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCAL's short term assets (£25.7M) exceed its short term liabilities (£18.9M).
Long Term Liabilities: PCAL's short term assets (£25.7M) exceed its long term liabilities (£8.1M).
Debt to Equity History and Analysis
Debt Level: PCAL's net debt to equity ratio (10.1%) is considered satisfactory.
Reducing Debt: PCAL's debt to equity ratio has reduced from 52.5% to 18.2% over the past 5 years.
Debt Coverage: PCAL's debt is well covered by operating cash flow (68.8%).
Interest Coverage: PCAL's interest payments on its debt are not well covered by EBIT (2.8x coverage).