Palace Capital Balance Sheet Health
Financial Health criteria checks 6/6
Palace Capital has a total shareholder equity of £72.3M and total debt of £8.1M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are £85.0M and £12.7M respectively. Palace Capital's EBIT is £3.5M making its interest coverage ratio -20.4. It has cash and short-term investments of £21.3M.
Key information
11.2%
Debt to equity ratio
UK£8.11m
Debt
| Interest coverage ratio | -20.4x |
| Cash | UK£21.29m |
| Equity | UK£72.28m |
| Total liabilities | UK£12.71m |
| Total assets | UK£84.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCAL's short term assets (£30.5M) exceed its short term liabilities (£4.0M).
Long Term Liabilities: PCAL's short term assets (£30.5M) exceed its long term liabilities (£8.7M).
Debt to Equity History and Analysis
Debt Level: PCAL has more cash than its total debt.
Reducing Debt: PCAL's debt to equity ratio has reduced from 60.6% to 11.2% over the past 5 years.
Debt Coverage: PCAL's debt is well covered by operating cash flow (24%).
Interest Coverage: PCAL earns more interest than it pays, so coverage of interest payments is not a concern.