Temple Bar Investment Trust Balance Sheet Health
Financial Health criteria checks 5/6
Temple Bar Investment Trust has a total shareholder equity of £720.7M and total debt of £74.7M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are £797.8M and £77.1M respectively. Temple Bar Investment Trust's EBIT is £90.7M making its interest coverage ratio 32.3. It has cash and short-term investments of £18.0M.
Key information
10.4%
Debt to equity ratio
UK£74.74m
Debt
Interest coverage ratio | 32.3x |
Cash | UK£17.99m |
Equity | UK£720.70m |
Total liabilities | UK£77.14m |
Total assets | UK£797.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TMPL's short term assets (£21.0M) exceed its short term liabilities (£2.4M).
Long Term Liabilities: TMPL's short term assets (£21.0M) do not cover its long term liabilities (£74.7M).
Debt to Equity History and Analysis
Debt Level: TMPL's net debt to equity ratio (7.9%) is considered satisfactory.
Reducing Debt: TMPL's debt to equity ratio has reduced from 14.2% to 10.4% over the past 5 years.
Debt Coverage: TMPL's debt is well covered by operating cash flow (35.6%).
Interest Coverage: TMPL's interest payments on its debt are well covered by EBIT (32.3x coverage).