Palomar Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Palomar Holdings has a total shareholder equity of $471.3M and total debt of $52.6M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are $1.7B and $1.2B respectively. Palomar Holdings's EBIT is $107.4M making its interest coverage ratio 28.5. It has cash and short-term investments of $51.5M.
Key information
11.2%
Debt to equity ratio
US$52.60m
Debt
| Interest coverage ratio | 28.5x |
| Cash | US$51.55m |
| Equity | US$471.25m |
| Total liabilities | US$1.24b |
| Total assets | US$1.71b |
Recent financial health updates
No updates
Recent updates
Financial Stock On The Move: Palomar Holdings (SA Quant)
Apr 15Is Now The Time To Put Palomar Holdings (NASDAQ:PLMR) On Your Watchlist?
Apr 03
After Leaping 26% Palomar Holdings, Inc. (NASDAQ:PLMR) Shares Are Not Flying Under The Radar
Feb 24Palomar: Positive Guidance Isn't Fully Priced In
Feb 20Investors Interested In Palomar Holdings, Inc.'s (NASDAQ:PLMR) Earnings
Jan 05Do Palomar Holdings' (NASDAQ:PLMR) Earnings Warrant Your Attention?
Dec 09With EPS Growth And More, Palomar Holdings (NASDAQ:PLMR) Makes An Interesting Case
Jul 22Palomar estimates $12.5M loss from Hurricane Ian for Q3
Oct 20Here's Why Palomar Holdings (NASDAQ:PLMR) Has Caught The Eye Of Investors
Sep 23Do Palomar Holdings' (NASDAQ:PLMR) Earnings Warrant Your Attention?
Jun 20Palomar Holdings: Great Performance, But Still Giving Me The Shivers
Feb 26Palomar Holdings, Inc. (NASDAQ:PLMR) Just Reported, And Analysts Assigned A US$78.86 Price Target
Feb 19What You Can Learn From Palomar Holdings, Inc.'s (NASDAQ:PLMR) P/E After Its 26% Share Price Crash
Dec 04Financial Position Analysis
Short Term Liabilities: PLMR's short term assets ($595.9M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: PLMR's short term assets ($595.9M) exceed its long term liabilities ($148.0M).
Debt to Equity History and Analysis
Debt Level: PLMR's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: PLMR's debt to equity ratio has reduced from 19.8% to 11.2% over the past 5 years.
Debt Coverage: PLMR's debt is well covered by operating cash flow (220.7%).
Interest Coverage: PLMR's interest payments on its debt are well covered by EBIT (28.5x coverage).