Al-Takaful Palestinian Insurance Company

PLSE:TIC Stock Report

Market Cap: US$33.0m

Al-Takaful Palestinian Insurance Balance Sheet Health

Financial Health criteria checks 4/6

Al-Takaful Palestinian Insurance has a total shareholder equity of $24.1M and total debt of $3.9M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are $69.4M and $45.3M respectively. Al-Takaful Palestinian Insurance's EBIT is $3.4M making its interest coverage ratio 130.3. It has cash and short-term investments of $17.0M.

Key information


Debt to equity ratio



Interest coverage ratio130.3x
Total liabilitiesUS$45.31m
Total assetsUS$69.45m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TIC's short term assets ($44.1M) exceed its short term liabilities ($41.9M).

Long Term Liabilities: TIC's short term assets ($44.1M) exceed its long term liabilities ($3.4M).

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 increased from 13.3% to 16.1% over the past 5 years.

Debt Coverage: TIC's debt is not well covered by operating cash flow (8.8%).

Interest Coverage: TIC's interest payments on its debt are well covered by EBIT (130.3x coverage).

Balance Sheet

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