Murray Income Trust Balance Sheet Health
Financial Health criteria checks 4/6
Murray Income Trust has a total shareholder equity of £990.2M and total debt of £114.9M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are £1.1B and £118.8M respectively. Murray Income Trust's EBIT is £83.5M making its interest coverage ratio 20.3. It has cash and short-term investments of £24.6M.
Key information
11.6%
Debt to equity ratio
UK£114.85m
Debt
Interest coverage ratio | 20.3x |
Cash | UK£24.57m |
Equity | UK£990.21m |
Total liabilities | UK£118.80m |
Total assets | UK£1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MUT's short term assets (£30.5M) exceed its short term liabilities (£10.4M).
Long Term Liabilities: MUT's short term assets (£30.5M) do not cover its long term liabilities (£108.4M).
Debt to Equity History and Analysis
Debt Level: MUT's net debt to equity ratio (9.1%) is considered satisfactory.
Reducing Debt: MUT's debt to equity ratio has increased from 9% to 11.6% over the past 5 years.
Debt Coverage: MUT's debt is well covered by operating cash flow (29.1%).
Interest Coverage: MUT's interest payments on its debt are well covered by EBIT (20.3x coverage).