Eagle Point Credit Balance Sheet Health
Financial Health criteria checks 4/6
Eagle Point Credit has a total shareholder equity of $815.2M and total debt of $257.7M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are $1.1B and $280.1M respectively. Eagle Point Credit's EBIT is $106.2M making its interest coverage ratio 6.5. It has cash and short-term investments of $63.9M.
Key information
31.6%
Debt to equity ratio
US$257.69m
Debt
Interest coverage ratio | 6.5x |
Cash | US$63.86m |
Equity | US$815.15m |
Total liabilities | US$280.14m |
Total assets | US$1.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ECCC's short term assets ($102.4M) exceed its short term liabilities ($22.5M).
Long Term Liabilities: ECCC's short term assets ($102.4M) do not cover its long term liabilities ($257.7M).
Debt to Equity History and Analysis
Debt Level: ECCC's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: ECCC's debt to equity ratio has reduced from 57.9% to 31.6% over the past 5 years.
Debt Coverage: ECCC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ECCC's interest payments on its debt are well covered by EBIT (6.5x coverage).