Invesco High Income 2023 Target Term Fund Balance Sheet Health
Financial Health criteria checks 3/6
Invesco High Income 2023 Target Term Fund has a total shareholder equity of $202.9M and total debt of $80.0M, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are $283.2M and $80.3M respectively. Invesco High Income 2023 Target Term Fund's EBIT is $16.5M making its interest coverage ratio 23. It has cash and short-term investments of $575.1K.
Key information
39.4%
Debt to equity ratio
US$80.00m
Debt
| Interest coverage ratio | 23x |
| Cash | US$575.12k |
| Equity | US$202.90m |
| Total liabilities | US$80.33m |
| Total assets | US$283.24m |
Recent financial health updates
No updates
Recent updates
IHIT: Disappointing Performance (Rating Downgrade)
Aug 09Invesco High Income 2023 Target Term Fund declares $0.035 dividend
Feb 01Invesco High Income 2023 Target Term Fund declares $0.035 dividend
Jan 03Invesco High Income 2023 Target Term Fund declares $0.035 dividend
Oct 04Invesco High Income 2023 Target Term Fund declares $0.035 dividend
Sep 02Invesco High Income 2023 Target Term Fund declares $0.035 dividend
Aug 01Invesco High Income 2023 Target Term Fund declares $0.05 dividend
Feb 01Invesco High Income 2023 Target Term Fund declares $0.05 dividend
Jan 04Invesco High Income 2023 Target Term Fund declares $0.05 dividend
Dec 01IHIT: Some Good News From The Latest Report
Nov 07Invesco High Income 2023 Target Term Fund declares $0.05 dividend
Nov 02Financial Position Analysis
Short Term Liabilities: IHIT's short term assets ($2.7M) exceed its short term liabilities ($310.5K).
Long Term Liabilities: IHIT's short term assets ($2.7M) do not cover its long term liabilities ($80.0M).
Debt to Equity History and Analysis
Debt Level: IHIT's net debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: IHIT's debt to equity ratio has increased from 33.5% to 39.4% over the past 5 years.
Debt Coverage: IHIT's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: IHIT's interest payments on its debt are well covered by EBIT (23x coverage).