ICG Enterprise Trust Balance Sheet Health
Financial Health criteria checks 4/6
ICG Enterprise Trust has a total shareholder equity of £1.3B and total debt of £20.0M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are £1.3B and £25.1M respectively. ICG Enterprise Trust's EBIT is £16.8M making its interest coverage ratio 34. It has cash and short-term investments of £9.7M.
Key information
1.6%
Debt to equity ratio
UK£20.00m
Debt
| Interest coverage ratio | 34x |
| Cash | UK£9.72m |
| Equity | UK£1.28b |
| Total liabilities | UK£25.14m |
| Total assets | UK£1.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ICGTL's short term assets (£12.0M) do not cover its short term liabilities (£25.1M).
Long Term Liabilities: ICGTL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ICGTL's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: ICGTL's debt to equity ratio has increased from 0% to 1.6% over the past 5 years.
Debt Coverage: ICGTL's debt is well covered by operating cash flow (397%).
Interest Coverage: ICGTL's interest payments on its debt are well covered by EBIT (34x coverage).