Gabelli Equity Trust Balance Sheet Health
Financial Health criteria checks 4/6
Gabelli Equity Trust has a total shareholder equity of $1.9B and total debt of $83.3M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are $2.0B and $127.9M respectively. Gabelli Equity Trust's EBIT is $12.2M making its interest coverage ratio 4.2. It has cash and short-term investments of $2.9M.
Key information
4.3%
Debt to equity ratio
US$83.33m
Debt
| Interest coverage ratio | 4.2x |
| Cash | US$2.94m |
| Equity | US$1.92b |
| Total liabilities | US$127.91m |
| Total assets | US$2.05b |
Recent financial health updates
No updates
Recent updates
GAB: Multi-Year Lows In The Premium For This Equity CEF
Nov 01Tracking Mario Gabelli's Gabelli Funds 13F Portfolio - Q2 2023 Update
Aug 23GAB And USA: The Results After Making A Swap
Aug 01Gabelli Equity Trust declares $0.15 dividend
Feb 17Gabelli Equity Trust declares $0.15 dividend
Nov 11Gabelli Equity Trust goes ex-dividend tomorrow
Sep 14GAB: Playing With Fire, USA A Worthwhile Swap Candidate
Jun 14GAB: 10% Managed Distribution Plan Attracts Income Investors, Premium Is Climbing Higher
Nov 19GAB: Tempting Distribution Yield, Potential Opportunity
Aug 16Gabelli Equity Trust: Rights Offering Analysis
Jun 22Evaluating CEFs: A Look At GAB
Jan 13Gabelli Equity Trust declares $0.15 dividend
Nov 13Financial Position Analysis
Short Term Liabilities: GAB's short term assets ($72.7M) exceed its short term liabilities ($44.6M).
Long Term Liabilities: GAB's short term assets ($72.7M) do not cover its long term liabilities ($83.3M).
Debt to Equity History and Analysis
Debt Level: GAB's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: GAB's debt to equity ratio has increased from 0% to 4.3% over the past 5 years.
Debt Coverage: GAB's debt is well covered by operating cash flow (171.6%).
Interest Coverage: GAB's interest payments on its debt are well covered by EBIT (4.2x coverage).