Palestine Telecommunications Company P.L.C Balance Sheet Health
Financial Health criteria checks 4/6
Palestine Telecommunications Company P.L.C has a total shareholder equity of JOD215.3M and total debt of JOD102.0M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are JOD514.1M and JOD298.8M respectively. Palestine Telecommunications Company P.L.C's EBIT is JOD58.7M making its interest coverage ratio -62.9. It has cash and short-term investments of JOD44.4M.
Key information
47.4%
Debt to equity ratio
د.أ102.04m
Debt
Interest coverage ratio | -62.9x |
Cash | د.أ44.41m |
Equity | د.أ215.34m |
Total liabilities | د.أ298.78m |
Total assets | د.أ514.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PALTEL's short term assets (JOD141.2M) do not cover its short term liabilities (JOD213.1M).
Long Term Liabilities: PALTEL's short term assets (JOD141.2M) exceed its long term liabilities (JOD85.7M).
Debt to Equity History and Analysis
Debt Level: PALTEL's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: PALTEL's debt to equity ratio has increased from 33.8% to 47.4% over the past 5 years.
Debt Coverage: PALTEL's debt is well covered by operating cash flow (88.7%).
Interest Coverage: PALTEL earns more interest than it pays, so coverage of interest payments is not a concern.