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.