GCP Asset Backed Income Fund Balance Sheet Health
Financial Health criteria checks 6/6
GCP Asset Backed Income Fund has a total shareholder equity of £241.9M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £242.9M and £1.1M respectively. GCP Asset Backed Income Fund's EBIT is £13.7M making its interest coverage ratio 9.5. It has cash and short-term investments of £242.7M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 9.5x |
| Cash | UK£242.71m |
| Equity | UK£241.86m |
| Total liabilities | UK£1.06m |
| Total assets | UK£242.92m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GABIL's short term assets (£242.9M) exceed its short term liabilities (£1.1M).
Long Term Liabilities: GABIL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GABIL is debt free.
Reducing Debt: GABIL has no debt compared to 5 years ago when its debt to equity ratio was 8.7%.
Debt Coverage: GABIL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GABIL has no debt, therefore coverage of interest payments is not a concern.