JPMorgan Mid Cap Investment Trust Balance Sheet Health
Financial Health criteria checks 4/6
JPMorgan Mid Cap Investment Trust has a total shareholder equity of £222.0M and total debt of £23.3M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are £245.8M and £23.8M respectively. JPMorgan Mid Cap Investment Trust's EBIT is £15.7M making its interest coverage ratio 13.2. It has cash and short-term investments of £2.5M.
Key information
10.5%
Debt to equity ratio
UK£23.26m
Debt
| Interest coverage ratio | 13.2x |
| Cash | UK£2.48m |
| Equity | UK£221.97m |
| Total liabilities | UK£23.84m |
| Total assets | UK£245.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JMF's short term assets (£4.2M) do not cover its short term liabilities (£23.8M).
Long Term Liabilities: JMF has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: JMF's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: JMF's debt to equity ratio has increased from 8% to 10.5% over the past 5 years.
Debt Coverage: JMF's debt is well covered by operating cash flow (29.9%).
Interest Coverage: JMF's interest payments on its debt are well covered by EBIT (13.2x coverage).