ICG Enterprise Trust Balance Sheet Health
Financial Health criteria checks 3/6
ICG Enterprise Trust has a total shareholder equity of £1.3B and total debt of £72.9M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are £1.4B and £78.5M respectively. ICG Enterprise Trust's EBIT is £48.3M making its interest coverage ratio 16.2. It has cash and short-term investments of £23.5M.
Key information
5.7%
Debt to equity ratio
UK£72.90m
Debt
Interest coverage ratio | 16.2x |
Cash | UK£23.50m |
Equity | UK£1.29b |
Total liabilities | UK£78.52m |
Total assets | UK£1.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ICGT's short term assets (£26.1M) do not cover its short term liabilities (£78.5M).
Long Term Liabilities: ICGT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ICGT's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: ICGT's debt to equity ratio has increased from 0% to 5.7% over the past 5 years.
Debt Coverage: ICGT's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: ICGT's interest payments on its debt are well covered by EBIT (16.2x coverage).