Palace Amusement Company (1921) Balance Sheet Health
Financial Health criteria checks 1/6
Palace Amusement Company (1921) has a total shareholder equity of JMD1.2B and total debt of JMD509.5M, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are JMD2.2B and JMD938.3M respectively. Palace Amusement Company (1921)'s EBIT is JMD26.7M making its interest coverage ratio 0.5. It has cash and short-term investments of JMD111.3M.
Key information
41.5%
Debt to equity ratio
JA$509.47m
Debt
Interest coverage ratio | 0.5x |
Cash | JA$111.30m |
Equity | JA$1.23b |
Total liabilities | JA$938.26m |
Total assets | JA$2.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PAL's short term assets (JMD375.9M) do not cover its short term liabilities (JMD544.9M).
Long Term Liabilities: PAL's short term assets (JMD375.9M) do not cover its long term liabilities (JMD393.4M).
Debt to Equity History and Analysis
Debt Level: PAL's net debt to equity ratio (32.4%) is considered satisfactory.
Reducing Debt: PAL's debt to equity ratio has increased from 3.6% to 41.5% over the past 5 years.
Debt Coverage: PAL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PAL's interest payments on its debt are not well covered by EBIT (0.5x coverage).