Polar Capital Global Financials Trust Balance Sheet Health
Financial Health criteria checks 3/6
Polar Capital Global Financials Trust has a total shareholder equity of £488.2M and total debt of £69.0M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are £564.3M and £76.1M respectively.
Key information
14.1%
Debt to equity ratio
UK£69.03m
Debt
Interest coverage ratio | n/a |
Cash | UK£37.26m |
Equity | UK£488.20m |
Total liabilities | UK£76.11m |
Total assets | UK£564.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCFT's short term assets (£46.2M) exceed its short term liabilities (£6.8M).
Long Term Liabilities: PCFT's short term assets (£46.2M) do not cover its long term liabilities (£69.3M).
Debt to Equity History and Analysis
Debt Level: PCFT's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: PCFT's debt to equity ratio has increased from 5.3% to 14.1% over the past 5 years.
Debt Coverage: PCFT's debt is well covered by operating cash flow (52.6%).
Interest Coverage: Insufficient data to determine if PCFT's interest payments on its debt are well covered by EBIT.