M&G Credit Income Investment Trust Balance Sheet Health
Financial Health criteria checks 6/6
M&G Credit Income Investment Trust has a total shareholder equity of £135.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £139.0M and £3.8M respectively. M&G Credit Income Investment Trust's EBIT is £13.6M making its interest coverage ratio 248. It has cash and short-term investments of £2.8M.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | 248x |
| Cash | UK£2.84m |
| Equity | UK£135.29m |
| Total liabilities | UK£3.76m |
| Total assets | UK£139.04m |
Recent financial health updates
No updates
Recent updates
M&G Credit Income Investment Trust (LON:MGCI) Will Pay A Larger Dividend Than Last Year At £0.0193
Jul 29
M&G Credit Income Investment Trust (LON:MGCI) Has Announced That It Will Be Increasing Its Dividend To £0.0177
Apr 29M&G Credit Income Investment Trust's (LON:MGCI) Dividend Will Be Increased To £0.0243
Jan 27Does M&G Credit Income Investment Trust plc (LON:MGCI) Have A Place In Your Dividend Portfolio?
Feb 14
Financial Position Analysis
Short Term Liabilities: MGCI's short term assets (£5.6M) exceed its short term liabilities (£3.8M).
Long Term Liabilities: MGCI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MGCI is debt free.
Reducing Debt: MGCI had no debt 5 years ago.
Debt Coverage: MGCI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MGCI has no debt, therefore coverage of interest payments is not a concern.