Eagle Point Income Balance Sheet Health
Financial Health criteria checks 2/6
Eagle Point Income has a total shareholder equity of $239.8M and total debt of $109.2M, which brings its debt-to-equity ratio to 45.6%. Its total assets and total liabilities are $350.8M and $111.0M respectively. Eagle Point Income's EBIT is $27.0M making its interest coverage ratio 5. It has cash and short-term investments of $10.6M.
Key information
45.6%
Debt to equity ratio
US$109.22m
Debt
| Interest coverage ratio | 5x |
| Cash | US$10.60m |
| Equity | US$239.77m |
| Total liabilities | US$111.01m |
| Total assets | US$350.78m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: EICA's short term assets ($20.1M) exceed its short term liabilities ($1.8M).
Long Term Liabilities: EICA's short term assets ($20.1M) do not cover its long term liabilities ($109.2M).
Debt to Equity History and Analysis
Debt Level: EICA's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: EICA's debt to equity ratio has increased from 7.3% to 45.6% over the past 5 years.
Debt Coverage: EICA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: EICA's interest payments on its debt are well covered by EBIT (5x coverage).