Palestine Development & Investment Balance Sheet Health
Financial Health criteria checks 0/6
Palestine Development & Investment has a total shareholder equity of $395.9M and total debt of $266.1M, which brings its debt-to-equity ratio to 67.2%. Its total assets and total liabilities are $730.7M and $334.8M respectively. Palestine Development & Investment's EBIT is $30.9M making its interest coverage ratio 2. It has cash and short-term investments of $18.4M.
Key information
67.2%
Debt to equity ratio
US$266.11m
Debt
Interest coverage ratio | 2x |
Cash | US$18.43m |
Equity | US$395.93m |
Total liabilities | US$334.78m |
Total assets | US$730.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PADICO's short term assets ($76.3M) do not cover its short term liabilities ($102.4M).
Long Term Liabilities: PADICO's short term assets ($76.3M) do not cover its long term liabilities ($232.4M).
Debt to Equity History and Analysis
Debt Level: PADICO's net debt to equity ratio (62.6%) is considered high.
Reducing Debt: PADICO's debt to equity ratio has increased from 61.3% to 67.2% over the past 5 years.
Debt Coverage: PADICO's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: PADICO's interest payments on its debt are not well covered by EBIT (2x coverage).