Troy Income & Growth Trust Balance Sheet Health
Financial Health criteria checks 4/6
Troy Income & Growth Trust has a total shareholder equity of £166.8M and total debt of £4.0M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are £171.3M and £4.5M respectively. Troy Income & Growth Trust's EBIT is £11.2M making its interest coverage ratio 35.3. It has cash and short-term investments of £803.0K.
Key information
2.4%
Debt to equity ratio
UK£4.00m
Debt
| Interest coverage ratio | 35.3x |
| Cash | UK£803.00k |
| Equity | UK£166.83m |
| Total liabilities | UK£4.48m |
| Total assets | UK£171.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIGTl's short term assets (£3.3M) do not cover its short term liabilities (£4.5M).
Long Term Liabilities: TIGTl has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TIGTl's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: TIGTl's debt to equity ratio has increased from 0% to 2.4% over the past 5 years.
Debt Coverage: TIGTl's debt is well covered by operating cash flow (100.9%).
Interest Coverage: TIGTl's interest payments on its debt are well covered by EBIT (35.3x coverage).