Ground Rents Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
Ground Rents Income Fund has a total shareholder equity of £90.2M and total debt of £20.8M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are £114.8M and £24.6M respectively. Ground Rents Income Fund's EBIT is £3.1M making its interest coverage ratio 4. It has cash and short-term investments of £1.5M.
Key information
23.0%
Debt to equity ratio
UK£20.79m
Debt
| Interest coverage ratio | 4x |
| Cash | UK£1.46m |
| Equity | UK£90.22m |
| Total liabilities | UK£24.61m |
| Total assets | UK£114.83m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GRIO's short term assets (£3.9M) exceed its short term liabilities (£3.8M).
Long Term Liabilities: GRIO's short term assets (£3.9M) do not cover its long term liabilities (£20.8M).
Debt to Equity History and Analysis
Debt Level: GRIO's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: GRIO's debt to equity ratio has increased from 15.9% to 23% over the past 5 years.
Debt Coverage: GRIO's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: GRIO's interest payments on its debt are well covered by EBIT (4x coverage).