Palestine Industrial Investment Balance Sheet Health
Financial Health criteria checks 5/6
Palestine Industrial Investment has a total shareholder equity of JOD70.2M and total debt of JOD24.9M, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are JOD108.1M and JOD37.9M respectively. Palestine Industrial Investment's EBIT is JOD4.6M making its interest coverage ratio 5.3. It has cash and short-term investments of JOD6.1M.
Key information
35.5%
Debt to equity ratio
د.أ24.94m
Debt
Interest coverage ratio | 5.3x |
Cash | د.أ6.12m |
Equity | د.أ70.19m |
Total liabilities | د.أ37.94m |
Total assets | د.أ108.13m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PIIC's short term assets (JOD28.4M) exceed its short term liabilities (JOD18.2M).
Long Term Liabilities: PIIC's short term assets (JOD28.4M) exceed its long term liabilities (JOD19.7M).
Debt to Equity History and Analysis
Debt Level: PIIC's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: PIIC's debt to equity ratio has reduced from 40.7% to 35.5% over the past 5 years.
Debt Coverage: PIIC's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: PIIC's interest payments on its debt are well covered by EBIT (5.3x coverage).