Palestine Electric Company P.L.C Balance Sheet Health
Financial Health criteria checks 4/6
Palestine Electric Company P.L.C has a total shareholder equity of $104.4M and total debt of $14.1M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are $141.9M and $37.5M respectively. Palestine Electric Company P.L.C's EBIT is $16.1M making its interest coverage ratio -43.8. It has cash and short-term investments of $8.1M.
Key information
13.5%
Debt to equity ratio
US$14.09m
Debt
| Interest coverage ratio | -43.8x |
| Cash | US$8.07m |
| Equity | US$104.43m |
| Total liabilities | US$37.48m |
| Total assets | US$141.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PEC's short term assets ($115.2M) exceed its short term liabilities ($30.6M).
Long Term Liabilities: PEC's short term assets ($115.2M) exceed its long term liabilities ($6.9M).
Debt to Equity History and Analysis
Debt Level: PEC's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: PEC's debt to equity ratio has increased from 0% to 13.5% over the past 5 years.
Debt Coverage: PEC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PEC earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/01/06 20:10 |
| End of Day Share Price | 2023/10/09 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Palestine Electric Company P.L.C is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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