Temple Bar Investment Trust Balance Sheet Health
Financial Health criteria checks 5/6
Temple Bar Investment Trust has a total shareholder equity of £789.2M and total debt of £74.8M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are £867.6M and £78.4M respectively. Temple Bar Investment Trust's EBIT is £160.1M making its interest coverage ratio 57. It has cash and short-term investments of £12.7M.
Key information
9.5%
Debt to equity ratio
UK£74.76m
Debt
Interest coverage ratio | 57x |
Cash | UK£12.71m |
Equity | UK£789.20m |
Total liabilities | UK£78.38m |
Total assets | UK£867.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1N00's short term assets (£18.7M) exceed its short term liabilities (£3.6M).
Long Term Liabilities: 1N00's short term assets (£18.7M) do not cover its long term liabilities (£74.8M).
Debt to Equity History and Analysis
Debt Level: 1N00's net debt to equity ratio (7.9%) is considered satisfactory.
Reducing Debt: 1N00's debt to equity ratio has reduced from 13% to 9.5% over the past 5 years.
Debt Coverage: 1N00's debt is well covered by operating cash flow (43%).
Interest Coverage: 1N00's interest payments on its debt are well covered by EBIT (57x coverage).