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
Recent updates
Palace Capital (LON:PCA) Is Paying Out A Dividend Of £0.0375
Mar 18
Estimating The Intrinsic Value Of Palace Capital Plc (LON:PCA)
Sep 29Palace Capital's (LON:PCA) Earnings Are Weaker Than They Seem
Jun 21Palace Capital Plc (LON:PCA) Analysts Just Trimmed Their Revenue Forecasts By 26%
Jun 20Palace Capital (LON:PCA) Has Announced A Dividend Of UK£0.03
Sep 13Palace Capital Plc's (LON:PCA) CEO Might Not Expect Shareholders To Be So Generous This Year
Jul 23Don't Buy Palace Capital Plc (LON:PCA) For Its Next Dividend Without Doing These Checks
Mar 14Reflecting on Palace Capital's (LON:PCA) Share Price Returns Over The Last Five Years
Feb 22Something To Consider Before Buying Palace Capital Plc (LON:PCA) For The 5.2% Dividend
Jan 27Is Palace Capital (LON:PCA) Using Too Much Debt?
Jan 01
We Wouldn't Be Too Quick To Buy Palace Capital Plc (LON:PCA) Before It Goes Ex-Dividend
Dec 06Our Take On Palace Capital's (LON:PCA) CEO Salary
Nov 30Financial Position Analysis
Short Term Liabilities: PCA's short term assets (£25.7M) exceed its short term liabilities (£18.9M).
Long Term Liabilities: PCA's short term assets (£25.7M) exceed its long term liabilities (£8.1M).
Debt to Equity History and Analysis
Debt Level: PCA's net debt to equity ratio (10.1%) is considered satisfactory.
Reducing Debt: PCA's debt to equity ratio has reduced from 52.5% to 18.2% over the past 5 years.
Debt Coverage: PCA's debt is well covered by operating cash flow (68.8%).
Interest Coverage: PCA's interest payments on its debt are not well covered by EBIT (2.8x coverage).