MFS Charter Income Trust Balance Sheet Health
Financial Health criteria checks 4/6
MFS Charter Income Trust has a total shareholder equity of $283.5M and total debt of $95.0M, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are $386.4M and $103.0M respectively. MFS Charter Income Trust's EBIT is $19.8M making its interest coverage ratio 3.5. It has cash and short-term investments of $35.2K.
Key information
33.5%
Debt to equity ratio
US$95.00m
Debt
Interest coverage ratio | 3.5x |
Cash | US$35.16k |
Equity | US$283.47m |
Total liabilities | US$102.97m |
Total assets | US$386.45m |
Recent financial health updates
No updates
Recent updates
MFS Charter Income Trust raises dividend by 1.3% to $0.0463
Feb 03MFS Charter Income Trust declares $0.0457 dividend
Jan 03MFS Charter Income Trust monthly declines by -3.3% to $0.0438/share
Nov 03MFS Charter Income Trust declines by -4.4% to $0.0453 dividend
Oct 03MFS Charter Income Trust raises 2.6% to $0.0474/shares
Sep 01MFS Charter Income Trust declares $0.0469 dividend
Jul 05MFS Charter Income Trust declares $0.0579 dividend
May 07MFS Charter Income Trust declares $0.05936 dividend
Feb 04MFS Charter Income Trust declares $0.05953 dividend
Jan 05MFS Charter Income Trust declares $0.0583 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: MCR's short term assets ($8.5M) do not cover its short term liabilities ($102.6M).
Long Term Liabilities: MCR's short term assets ($8.5M) exceed its long term liabilities ($378.0K).
Debt to Equity History and Analysis
Debt Level: MCR's net debt to equity ratio (33.5%) is considered satisfactory.
Reducing Debt: MCR's debt to equity ratio has increased from 25.2% to 33.5% over the past 5 years.
Debt Coverage: MCR's debt is well covered by operating cash flow (39.5%).
Interest Coverage: MCR's interest payments on its debt are well covered by EBIT (3.5x coverage).