CT UK High Income Trust Balance Sheet Health
Financial Health criteria checks 4/6
CT UK High Income Trust has a total shareholder equity of £98.0M and total debt of £15.3M, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are £113.6M and £15.5M respectively. CT UK High Income Trust's EBIT is £11.2M making its interest coverage ratio 21.5. It has cash and short-term investments of £282.0K.
Key information
15.6%
Debt to equity ratio
UK£15.25m
Debt
Interest coverage ratio | 21.5x |
Cash | UK£282.00k |
Equity | UK£98.05m |
Total liabilities | UK£15.51m |
Total assets | UK£113.55m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHI's short term assets (£1.3M) do not cover its short term liabilities (£15.5M).
Long Term Liabilities: CHI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CHI's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: CHI's debt to equity ratio has increased from 5.9% to 15.6% over the past 5 years.
Debt Coverage: CHI's debt is well covered by operating cash flow (25.6%).
Interest Coverage: CHI's interest payments on its debt are well covered by EBIT (21.5x coverage).