GCP Asset Backed Income Fund Balance Sheet Health
Financial Health criteria checks 6/6
GCP Asset Backed Income Fund has a total shareholder equity of £396.7M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £398.1M and £1.4M respectively. GCP Asset Backed Income Fund's EBIT is £21.0M making its interest coverage ratio 7.7. It has cash and short-term investments of £397.8M.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | 7.7x |
Cash | UK£397.75m |
Equity | UK£396.75m |
Total liabilities | UK£1.37m |
Total assets | UK£398.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GABI's short term assets (£398.1M) exceed its short term liabilities (£1.4M).
Long Term Liabilities: GABI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GABI is debt free.
Reducing Debt: GABI had no debt 5 years ago.
Debt Coverage: GABI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GABI has no debt, therefore coverage of interest payments is not a concern.