Alliance Trust Balance Sheet Health
Financial Health criteria checks 5/6
Alliance Trust has a total shareholder equity of £3.3B and total debt of £230.1M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are £3.6B and £239.9M respectively. Alliance Trust's EBIT is £630.8M making its interest coverage ratio 67. It has cash and short-term investments of £85.0M.
Key information
6.9%
Debt to equity ratio
UK£230.14m
Debt
| Interest coverage ratio | 67x |
| Cash | UK£84.97m |
| Equity | UK£3.34b |
| Total liabilities | UK£239.94m |
| Total assets | UK£3.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATST's short term assets (£94.3M) exceed its short term liabilities (£9.8M).
Long Term Liabilities: ATST's short term assets (£94.3M) do not cover its long term liabilities (£230.1M).
Debt to Equity History and Analysis
Debt Level: ATST's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: ATST's debt to equity ratio has reduced from 10.3% to 6.9% over the past 5 years.
Debt Coverage: ATST's debt is well covered by operating cash flow (20.4%).
Interest Coverage: ATST's interest payments on its debt are well covered by EBIT (67x coverage).