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 $9.1M and total debt of $58.2K, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are $17.1M and $7.9M respectively. Palestinian Company for Distribution & Logistics Services's EBIT is $528.9K making its interest coverage ratio -0.8. It has cash and short-term investments of $4.5M.
Key information
0.6%
Debt to equity ratio
US$58.23k
Debt
| Interest coverage ratio | -0.8x |
| Cash | US$4.47m |
| Equity | US$9.12m |
| Total liabilities | US$7.93m |
| Total assets | US$17.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WASSEL's short term assets ($8.9M) exceed its short term liabilities ($4.4M).
Long Term Liabilities: WASSEL's short term assets ($8.9M) 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 19.7% to 0.6% over the past 5 years.
Debt Coverage: WASSEL's debt is well covered by operating cash flow (3039.1%).
Interest Coverage: WASSEL earns more interest than it pays, so coverage of interest payments is not a concern.