Henderson High Income Trust Balance Sheet Health
Financial Health criteria checks 4/6
Henderson High Income Trust has a total shareholder equity of £222.3M and total debt of £50.5M, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are £274.1M and £51.7M respectively. Henderson High Income Trust's EBIT is £24.2M making its interest coverage ratio 9.3. It has cash and short-term investments of £2.0M.
Key information
22.7%
Debt to equity ratio
UK£50.51m
Debt
Interest coverage ratio | 9.3x |
Cash | UK£1.99m |
Equity | UK£222.34m |
Total liabilities | UK£51.75m |
Total assets | UK£274.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HHI's short term assets (£4.1M) do not cover its short term liabilities (£31.9M).
Long Term Liabilities: HHI's short term assets (£4.1M) do not cover its long term liabilities (£19.9M).
Debt to Equity History and Analysis
Debt Level: HHI's net debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: HHI's debt to equity ratio has reduced from 28.6% to 22.7% over the past 5 years.
Debt Coverage: HHI's debt is well covered by operating cash flow (25.5%).
Interest Coverage: HHI's interest payments on its debt are well covered by EBIT (9.3x coverage).