Palestine Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Palestine Insurance has a total shareholder equity of $12.5M and total debt of $8.2M, which brings its debt-to-equity ratio to 65.7%. Its total assets and total liabilities are $66.6M and $54.1M respectively. Palestine Insurance's EBIT is $1.8M making its interest coverage ratio 7.2. It has cash and short-term investments of $7.1M.
Key information
65.7%
Debt to equity ratio
US$8.19m
Debt
Interest coverage ratio | 7.2x |
Cash | US$7.06m |
Equity | US$12.46m |
Total liabilities | US$54.11m |
Total assets | US$66.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PICO's short term assets ($38.5M) do not cover its short term liabilities ($50.3M).
Long Term Liabilities: PICO's short term assets ($38.5M) exceed its long term liabilities ($3.8M).
Debt to Equity History and Analysis
Debt Level: PICO's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: PICO's debt to equity ratio has increased from 19.9% to 65.7% over the past 5 years.
Debt Coverage: PICO's debt is well covered by operating cash flow (27.5%).
Interest Coverage: PICO's interest payments on its debt are well covered by EBIT (7.2x coverage).