Dunedin Income Growth Investment Trust Balance Sheet Health
Financial Health criteria checks 5/6
Dunedin Income Growth Investment Trust has a total shareholder equity of £445.8M and total debt of £43.1M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are £489.9M and £44.1M respectively. Dunedin Income Growth Investment Trust's EBIT is £24.8M making its interest coverage ratio 13.8. It has cash and short-term investments of £12.9M.
Key information
9.7%
Debt to equity ratio
UK£43.05m
Debt
Interest coverage ratio | 13.8x |
Cash | UK£12.87m |
Equity | UK£445.82m |
Total liabilities | UK£44.07m |
Total assets | UK£489.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIG's short term assets (£15.8M) exceed its short term liabilities (£14.3M).
Long Term Liabilities: DIG's short term assets (£15.8M) do not cover its long term liabilities (£29.7M).
Debt to Equity History and Analysis
Debt Level: DIG's net debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: DIG's debt to equity ratio has reduced from 17.4% to 9.7% over the past 5 years.
Debt Coverage: DIG's debt is well covered by operating cash flow (45%).
Interest Coverage: DIG's interest payments on its debt are well covered by EBIT (13.8x coverage).