Palestinian Company for Distribution & Logistics Services Balance Sheet Health
Financial Health criteria checks 6/6
Palestinian Company for Distribution & Logistics Services has a total shareholder equity of $9.0M and total debt of $92.4K, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are $17.3M and $8.3M respectively. Palestinian Company for Distribution & Logistics Services's EBIT is $305.6K making its interest coverage ratio -0.5. It has cash and short-term investments of $3.6M.
Key information
1.0%
Debt to equity ratio
US$92.42k
Debt
Interest coverage ratio | -0.5x |
Cash | US$3.63m |
Equity | US$9.02m |
Total liabilities | US$8.33m |
Total assets | US$17.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WASSEL's short term assets ($8.8M) exceed its short term liabilities ($4.8M).
Long Term Liabilities: WASSEL's short term assets ($8.8M) exceed its long term liabilities ($3.5M).
Debt to Equity History and Analysis
Debt Level: WASSEL has more cash than its total debt.
Reducing Debt: WASSEL's debt to equity ratio has reduced from 21.6% to 1% over the past 5 years.
Debt Coverage: WASSEL's debt is well covered by operating cash flow (938.5%).
Interest Coverage: WASSEL earns more interest than it pays, so coverage of interest payments is not a concern.