City of London Investment Trust Balance Sheet Health
Financial Health criteria checks 4/6
City of London Investment Trust has a total shareholder equity of £2.0B and total debt of £115.6M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are £2.1B and £119.0M respectively. City of London Investment Trust's EBIT is £133.3M making its interest coverage ratio 27. It has cash and short-term investments of £1.8M.
Key information
5.7%
Debt to equity ratio
UK£115.65m
Debt
Interest coverage ratio | 27x |
Cash | UK£1.75m |
Equity | UK£2.02b |
Total liabilities | UK£119.03m |
Total assets | UK£2.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCL's short term assets (£11.3M) exceed its short term liabilities (£3.4M).
Long Term Liabilities: TCL's short term assets (£11.3M) do not cover its long term liabilities (£115.6M).
Debt to Equity History and Analysis
Debt Level: TCL's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: TCL's debt to equity ratio has reduced from 9.2% to 5.7% over the past 5 years.
Debt Coverage: Insufficient data to determine if TCL's debt is well covered by operating cash flow.
Interest Coverage: TCL's interest payments on its debt are well covered by EBIT (27x coverage).