National Insurance Company (Palestine) Balance Sheet Health
Financial Health criteria checks 5/6
National Insurance Company (Palestine) has a total shareholder equity of $43.6M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $110.9M and $67.3M respectively. National Insurance Company (Palestine)'s EBIT is $2.9M making its interest coverage ratio 1.1. It has cash and short-term investments of $21.9M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 1.1x |
Cash | US$21.86m |
Equity | US$43.64m |
Total liabilities | US$67.25m |
Total assets | US$110.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIC's short term assets ($47.3M) do not cover its short term liabilities ($60.0M).
Long Term Liabilities: NIC's short term assets ($47.3M) exceed its long term liabilities ($7.2M).
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.