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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 19:07 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ground Rents Income Fund PLC is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ian Wild | Singer Capital Markets |
| Andrew Watson | Singer Capital Markets |