BlackRock Greater Europe Investment Trust Balance Sheet Health
Financial Health criteria checks 3/6
BlackRock Greater Europe Investment Trust has a total shareholder equity of £662.6M and total debt of £55.5M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are £721.4M and £58.8M respectively.
Key information
8.4%
Debt to equity ratio
UK£55.51m
Debt
Interest coverage ratio | 69.9x |
Cash | n/a |
Equity | UK£662.62m |
Total liabilities | UK£58.81m |
Total assets | UK£721.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BRGEl's short term assets (£9.5M) do not cover its short term liabilities (£58.8M).
Long Term Liabilities: BRGEl has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BRGEl's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: BRGEl's debt to equity ratio has increased from 2.6% to 8.4% over the past 5 years.
Debt Coverage: BRGEl's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BRGEl's interest payments on its debt are well covered by EBIT (69.9x coverage).