F&C Investment Trust Balance Sheet Health
Financial Health criteria checks 3/6
F&C Investment Trust has a total shareholder equity of £5.0B and total debt of £581.0M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are £5.6B and £594.8M respectively. F&C Investment Trust's EBIT is £561.9M making its interest coverage ratio 40.6. It has cash and short-term investments of £166.5M.
Key information
11.5%
Debt to equity ratio
UK£580.97m
Debt
Interest coverage ratio | 40.6x |
Cash | UK£166.53m |
Equity | UK£5.03b |
Total liabilities | UK£594.81m |
Total assets | UK£5.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FCIT's short term assets (£177.8M) exceed its short term liabilities (£13.8M).
Long Term Liabilities: FCIT's short term assets (£177.8M) do not cover its long term liabilities (£581.0M).
Debt to Equity History and Analysis
Debt Level: FCIT's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: FCIT's debt to equity ratio has increased from 9.3% to 11.5% over the past 5 years.
Debt Coverage: FCIT's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: FCIT's interest payments on its debt are well covered by EBIT (40.6x coverage).