Harmony Energy Income Trust Balance Sheet Health
Financial Health criteria checks 6/6
Harmony Energy Income Trust has a total shareholder equity of £262.1M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £262.6M and £463.3K respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£18.09m |
| Equity | UK£262.11m |
| Total liabilities | UK£463.34k |
| Total assets | UK£262.57m |
Financial Position Analysis
Short Term Liabilities: HEIT's short term assets (£22.5M) exceed its short term liabilities (£463.3K).
Long Term Liabilities: HEIT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HEIT is debt free.
Reducing Debt: HEIT has not had any debt for past 5 years.
Debt Coverage: HEIT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HEIT has no debt, therefore coverage of interest payments is not a concern.