Witan Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Witan Investment Trust has a total shareholder equity of £1.6B and total debt of £239.6M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are £1.8B and £248.7M respectively. Witan Investment Trust's EBIT is £195.6M making its interest coverage ratio 19.8. It has cash and short-term investments of £22.4M.
Key information
15.3%
Debt to equity ratio
UK£239.63m
Debt
Interest coverage ratio | 19.8x |
Cash | UK£22.43m |
Equity | UK£1.56b |
Total liabilities | UK£248.70m |
Total assets | UK£1.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WTANL's short term assets (£26.4M) do not cover its short term liabilities (£90.3M).
Long Term Liabilities: WTANL's short term assets (£26.4M) do not cover its long term liabilities (£158.4M).
Debt to Equity History and Analysis
Debt Level: WTANL's net debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: WTANL's debt to equity ratio has increased from 14.2% to 15.3% over the past 5 years.
Debt Coverage: WTANL's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: WTANL's interest payments on its debt are well covered by EBIT (19.8x coverage).