Palestine Development & Investment Balance Sheet Health
Financial Health criteria checks 0/6
Palestine Development & Investment has a total shareholder equity of $391.0M and total debt of $254.7M, which brings its debt-to-equity ratio to 65.1%. Its total assets and total liabilities are $720.5M and $329.5M respectively. Palestine Development & Investment's EBIT is $33.9M making its interest coverage ratio 2.1. It has cash and short-term investments of $26.2M.
Key information
65.1%
Debt to equity ratio
US$254.69m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$26.23m |
| Equity | US$390.98m |
| Total liabilities | US$329.54m |
| Total assets | US$720.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PADICO's short term assets ($85.4M) do not cover its short term liabilities ($107.8M).
Long Term Liabilities: PADICO's short term assets ($85.4M) do not cover its long term liabilities ($221.8M).
Debt to Equity History and Analysis
Debt Level: PADICO's net debt to equity ratio (58.4%) is considered high.
Reducing Debt: PADICO's debt to equity ratio has increased from 55.3% to 65.1% over the past 5 years.
Debt Coverage: PADICO's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: PADICO's interest payments on its debt are not well covered by EBIT (2.1x coverage).