Palingeo Balance Sheet Health
Financial Health criteria checks 5/6
Palingeo has a total shareholder equity of €17.5M and total debt of €10.7M, which brings its debt-to-equity ratio to 61.2%. Its total assets and total liabilities are €57.9M and €40.4M respectively. Palingeo's EBIT is €4.1M making its interest coverage ratio 29.3. It has cash and short-term investments of €4.2M.
Key information
61.2%
Debt to equity ratio
€10.71m
Debt
Interest coverage ratio | 29.3x |
Cash | €4.16m |
Equity | €17.50m |
Total liabilities | €40.44m |
Total assets | €57.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PAL's short term assets (€42.9M) exceed its short term liabilities (€29.5M).
Long Term Liabilities: PAL's short term assets (€42.9M) exceed its long term liabilities (€10.9M).
Debt to Equity History and Analysis
Debt Level: PAL's net debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PAL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PAL's debt is well covered by operating cash flow (47.8%).
Interest Coverage: PAL's interest payments on its debt are well covered by EBIT (29.3x coverage).