Franklin Universal Trust Balance Sheet Health
Financial Health criteria checks 4/6
Franklin Universal Trust has a total shareholder equity of $186.3M and total debt of $60.0M, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are $248.1M and $61.9M respectively. Franklin Universal Trust's EBIT is $14.4M making its interest coverage ratio 4.7. It has cash and short-term investments of $44.5K.
Key information
32.2%
Debt to equity ratio
US$60.00m
Debt
| Interest coverage ratio | 4.7x |
| Cash | US$44.50k |
| Equity | US$186.25m |
| Total liabilities | US$61.89m |
| Total assets | US$248.15m |
Recent financial health updates
No updates
Recent updates
Franklin Universal Trust: Utilities And High Yield Under One CEF Roof
Feb 11FT: 7.5% Yielding CEF With An Embedded Hedge
Aug 24Franklin Universal Trust declares $0.0425 dividend
Feb 07Franklin Universal Trust goes ex dividend tomorrow
Jan 17Franklin Universal Trust declares $0.0425 dividend
Dec 08Franklin Universal Trust declares $0.0425 dividend
Nov 08Franklin Universal Trust declares $0.0425 dividend
Oct 07Franklin Universal Trust goes ex-dividend tomorrow
Sep 15Franklin Universal Trust: Put Your Trust In This Fund And Grow Your Income
Sep 06Franklin Universal Trust goes ex dividend tomorrow
Aug 11Franklin Universal Trust goes ex-dividend tomorrow
Jul 14Franklin Universal Trust goes ex-dividend tomorrow
May 26A Pocket Of Value Left In Franklin Universal Trust: -12.5% Discount, 4.9% Annual Yield, Monthly Pay
May 07Franklin Universal Trust goes ex-dividend tomorrow
Dec 29Franklin Universal Trust declares $0.032 dividend
Nov 20Financial Position Analysis
Short Term Liabilities: FT's short term assets ($3.4M) exceed its short term liabilities ($1.9M).
Long Term Liabilities: FT's short term assets ($3.4M) do not cover its long term liabilities ($60.0M).
Debt to Equity History and Analysis
Debt Level: FT's net debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: FT's debt to equity ratio has increased from 31.7% to 32.2% over the past 5 years.
Debt Coverage: FT's debt is well covered by operating cash flow (29.4%).
Interest Coverage: FT's interest payments on its debt are well covered by EBIT (4.7x coverage).