Ground Rents Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
Ground Rents Income Fund has a total shareholder equity of £66.2M and total debt of £20.8M, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are £91.1M and £25.0M respectively. Ground Rents Income Fund's EBIT is £2.6M making its interest coverage ratio 3. It has cash and short-term investments of £6.4M.
Key information
31.4%
Debt to equity ratio
UK£20.79m
Debt
| Interest coverage ratio | 3x |
| Cash | UK£6.38m |
| Equity | UK£66.18m |
| Total liabilities | UK£24.96m |
| Total assets | UK£91.14m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GRIO's short term assets (£9.6M) exceed its short term liabilities (£4.2M).
Long Term Liabilities: GRIO's short term assets (£9.6M) do not cover its long term liabilities (£20.8M).
Debt to Equity History and Analysis
Debt Level: GRIO's net debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: GRIO's debt to equity ratio has increased from 17.5% to 31.4% over the past 5 years.
Debt Coverage: GRIO's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: GRIO's interest payments on its debt are well covered by EBIT (3x coverage).