Bankers Investment Trust Balance Sheet Health
Financial Health criteria checks 4/6
Bankers Investment Trust has a total shareholder equity of £1.3B and total debt of £124.9M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are £1.5B and £141.9M respectively. Bankers Investment Trust's EBIT is £72.2M making its interest coverage ratio 15.7. It has cash and short-term investments of £27.6M.
Key information
9.4%
Debt to equity ratio
UK£124.90m
Debt
Interest coverage ratio | 15.7x |
Cash | UK£27.64m |
Equity | UK£1.33b |
Total liabilities | UK£141.91m |
Total assets | UK£1.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BIT's short term assets (£46.6M) exceed its short term liabilities (£17.0M).
Long Term Liabilities: BIT's short term assets (£46.6M) do not cover its long term liabilities (£124.9M).
Debt to Equity History and Analysis
Debt Level: BIT's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: BIT's debt to equity ratio has increased from 6.1% to 9.4% over the past 5 years.
Debt Coverage: BIT's debt is well covered by operating cash flow (43.5%).
Interest Coverage: BIT's interest payments on its debt are well covered by EBIT (15.7x coverage).