Palestine Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Palestine Insurance has a total shareholder equity of $14.0M and total debt of $6.6M, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are $76.6M and $62.7M respectively. Palestine Insurance's EBIT is $1.1M making its interest coverage ratio 4.5. It has cash and short-term investments of $4.9M.
Key information
47.5%
Debt to equity ratio
US$6.63m
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$4.91m |
| Equity | US$13.96m |
| Total liabilities | US$62.67m |
| Total assets | US$76.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PICO's short term assets ($49.4M) do not cover its short term liabilities ($59.4M).
Long Term Liabilities: PICO's short term assets ($49.4M) exceed its long term liabilities ($3.3M).
Debt to Equity History and Analysis
Debt Level: PICO's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: PICO's debt to equity ratio has increased from 42.3% to 47.5% over the past 5 years.
Debt Coverage: PICO's debt is well covered by operating cash flow (33%).
Interest Coverage: PICO's interest payments on its debt are well covered by EBIT (4.5x coverage).