National Insurance Company (Palestine) Balance Sheet Health
Financial Health criteria checks 5/6
National Insurance Company (Palestine) has a total shareholder equity of $42.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $113.4M and $71.3M respectively. National Insurance Company (Palestine)'s EBIT is $6.9M making its interest coverage ratio 1.9. It has cash and short-term investments of $8.9M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 1.9x |
Cash | US$8.86m |
Equity | US$42.06m |
Total liabilities | US$71.31m |
Total assets | US$113.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIC's short term assets ($45.0M) exceed its short term liabilities ($7.5M).
Long Term Liabilities: NIC's short term assets ($45.0M) do not cover its long term liabilities ($63.8M).
Debt to Equity History and Analysis
Debt Level: NIC is debt free.
Reducing Debt: NIC has no debt compared to 5 years ago when its debt to equity ratio was 0.5%.
Debt Coverage: NIC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NIC has no debt, therefore coverage of interest payments is not a concern.