Polar Capital Global Financials Trust Balance Sheet Health
Financial Health criteria checks 4/6
Polar Capital Global Financials Trust has a total shareholder equity of £563.4M and total debt of £68.9M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are £636.1M and £72.7M respectively. Polar Capital Global Financials Trust's EBIT is £122.2M making its interest coverage ratio 30.3. It has cash and short-term investments of £58.5M.
Key information
12.2%
Debt to equity ratio
UK£68.89m
Debt
| Interest coverage ratio | 30.3x |
| Cash | UK£58.50m |
| Equity | UK£563.36m |
| Total liabilities | UK£72.74m |
| Total assets | UK£636.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5Y30's short term assets (£64.5M) exceed its short term liabilities (£3.7M).
Long Term Liabilities: 5Y30's short term assets (£64.5M) do not cover its long term liabilities (£69.0M).
Debt to Equity History and Analysis
Debt Level: 5Y30's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: 5Y30's debt to equity ratio has increased from 5.3% to 12.2% over the past 5 years.
Debt Coverage: 5Y30's debt is well covered by operating cash flow (51.5%).
Interest Coverage: 5Y30's interest payments on its debt are well covered by EBIT (30.3x coverage).