Round Hill Music Royalty Fund Balance Sheet Health
Financial Health criteria checks 2/6
Round Hill Music Royalty Fund has a total shareholder equity of $372.6M and total debt of $93.1M, which brings its debt-to-equity ratio to 25%. Its total assets and total liabilities are $476.1M and $103.5M respectively. Round Hill Music Royalty Fund's EBIT is $10.0M making its interest coverage ratio 1.2. It has cash and short-term investments of $3.6M.
Key information
25.0%
Debt to equity ratio
US$93.13m
Debt
Interest coverage ratio | 1.2x |
Cash | US$3.63m |
Equity | US$372.60m |
Total liabilities | US$103.51m |
Total assets | US$476.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RHM's short term assets ($27.0M) exceed its short term liabilities ($10.4M).
Long Term Liabilities: RHM's short term assets ($27.0M) do not cover its long term liabilities ($93.1M).
Debt to Equity History and Analysis
Debt Level: RHM's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RHM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RHM's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: RHM's interest payments on its debt are not well covered by EBIT (1.2x coverage).