British & American Investment Trust Balance Sheet Health
Financial Health criteria checks 4/6
British & American Investment Trust has a total shareholder equity of £9.7M and total debt of £1.2M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are £16.5M and £6.8M respectively. British & American Investment Trust's EBIT is £1.6M making its interest coverage ratio 15.7. It has cash and short-term investments of £12.0K.
Key information
12.7%
Debt to equity ratio
UK£1.24m
Debt
| Interest coverage ratio | 15.7x |
| Cash | UK£12.00k |
| Equity | UK£9.70m |
| Total liabilities | UK£6.85m |
| Total assets | UK£16.54m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BAF's short term assets (£376.0K) do not cover its short term liabilities (£2.9M).
Long Term Liabilities: BAF's short term assets (£376.0K) do not cover its long term liabilities (£3.9M).
Debt to Equity History and Analysis
Debt Level: BAF's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: BAF's debt to equity ratio has reduced from 33.6% to 12.7% over the past 5 years.
Debt Coverage: BAF's debt is well covered by operating cash flow (56.4%).
Interest Coverage: BAF's interest payments on its debt are well covered by EBIT (15.7x coverage).