Al-Takaful Palestinian Insurance Balance Sheet Health
Financial Health criteria checks 6/6
Al-Takaful Palestinian Insurance has a total shareholder equity of $23.9M and total debt of $2.8M, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are $69.0M and $45.1M respectively. Al-Takaful Palestinian Insurance's EBIT is $4.2M making its interest coverage ratio 161.2. It has cash and short-term investments of $18.7M.
Key information
11.9%
Debt to equity ratio
US$2.84m
Debt
Interest coverage ratio | 161.2x |
Cash | US$18.68m |
Equity | US$23.89m |
Total liabilities | US$45.14m |
Total assets | US$69.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIC's short term assets ($43.7M) exceed its short term liabilities ($41.9M).
Long Term Liabilities: TIC's short term assets ($43.7M) exceed its long term liabilities ($3.3M).
Debt to Equity History and Analysis
Debt Level: TIC has more cash than its total debt.
Reducing Debt: TIC's debt to equity ratio has reduced from 23% to 11.9% over the past 5 years.
Debt Coverage: TIC's debt is well covered by operating cash flow (145.9%).
Interest Coverage: TIC's interest payments on its debt are well covered by EBIT (161.2x coverage).