Invesco Quality Municipal Income Trust Balance Sheet Health
Financial Health criteria checks 2/6
Invesco Quality Municipal Income Trust has a total shareholder equity of $562.0M and total debt of $296.7M, which brings its debt-to-equity ratio to 52.8%. Its total assets and total liabilities are $885.1M and $323.1M respectively.
Key information
52.8%
Debt to equity ratio
US$296.70m
Debt
| Interest coverage ratio | 3x |
| Cash | n/a |
| Equity | US$561.98m |
| Total liabilities | US$323.11m |
| Total assets | US$885.10m |
Recent financial health updates
No updates
Recent updates
Invesco Quality Municipal Income Trust dividend declines by 4.5% to $0.0385
Feb 01Invesco Quality Municipal Income Trust declares $0.0403 dividend
Jan 03Invesco Quality Municipal Income Trust dividend decreases by 9.6% to $0.0446
Nov 02Invesco Quality Municipal Income Trust declares $0.0446 dividend
Oct 04Invesco Quality Municipal Income Trust declares $0.0446 dividend
Sep 02Invesco Quality Municipal Income Trust declares $0.0446 dividend
Aug 01Invesco Quality Municipal Income Trust declares $0.052 dividend
May 10Invesco Quality Municipal Income Trust declares $0.052 dividend
Feb 01Invesco Quality Municipal Income Trust declares $0.052 dividend
Jan 04Invesco Quality Municipal Income Trust declares $0.052 dividend
Dec 01Invesco Quality Municipal Income Trust declares $0.052 dividend
Nov 02Financial Position Analysis
Short Term Liabilities: IQI's short term assets ($29.1M) do not cover its short term liabilities ($32.3M).
Long Term Liabilities: IQI's short term assets ($29.1M) do not cover its long term liabilities ($290.8M).
Debt to Equity History and Analysis
Debt Level: IQI's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: IQI's debt to equity ratio has reduced from 67.2% to 52.8% over the past 5 years.
Debt Coverage: IQI's debt is well covered by operating cash flow (26.8%).
Interest Coverage: IQI's interest payments on its debt are not well covered by EBIT (3x coverage).