Finsbury Growth & Income Trust Balance Sheet Health
Financial Health criteria checks 5/6
Finsbury Growth & Income Trust has a total shareholder equity of £1.8B and total debt of £36.7M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are £1.9B and £41.6M respectively. Finsbury Growth & Income Trust's EBIT is £132.2M making its interest coverage ratio 67. It has cash and short-term investments of £17.4M.
Key information
2.0%
Debt to equity ratio
UK£36.70m
Debt
| Interest coverage ratio | 67x |
| Cash | UK£17.43m |
| Equity | UK£1.82b |
| Total liabilities | UK£41.57m |
| Total assets | UK£1.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FGT's short term assets (£27.6M) exceed its short term liabilities (£4.9M).
Long Term Liabilities: FGT's short term assets (£27.6M) do not cover its long term liabilities (£36.7M).
Debt to Equity History and Analysis
Debt Level: FGT's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: FGT's debt to equity ratio has reduced from 2.6% to 2% over the past 5 years.
Debt Coverage: FGT's debt is well covered by operating cash flow (100.5%).
Interest Coverage: FGT's interest payments on its debt are well covered by EBIT (67x coverage).