Royce Micro-Cap Trust Balance Sheet Health
Financial Health criteria checks 5/6
Royce Micro-Cap Trust has a total shareholder equity of $520.5M and total debt of $2.0M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are $523.9M and $3.4M respectively. Royce Micro-Cap Trust's EBIT is $528.2K making its interest coverage ratio 0.5. It has cash and short-term investments of $95.4K.
Key information
0.4%
Debt to equity ratio
US$2.00m
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$95.40k |
| Equity | US$520.49m |
| Total liabilities | US$3.36m |
| Total assets | US$523.86m |
Recent financial health updates
No updates
Recent updates
Royce Micro Cap Trust: 13% Discount, 7% Yield
Apr 07In The Year Of The Small-Caps, RMT Is The Answer
Jan 10RMT: Outperforming The Russell 2000 And Russell Microcap Index On Most Time Frames
Oct 13Royce Micro Cap Trust Has A Lot To Like
Aug 03RVT Vs. RMT: In Pursuit Of Stable Income
Jan 08RMT: Diversified Micro-Cap CEF Generates Strong Yield, Outperforms Market
Oct 14Royce Micro-Cap Trust dips dividend -8.7% to $0.21/shares
Sep 02RMT - A Rare CEF That Outperforms Its Index
Apr 12RMT: A Forgotten Fund With A Stellar Track Record
Jan 06Royce Micro-Cap Trust declares $0.15 dividend
Dec 01Financial Position Analysis
Short Term Liabilities: RMT's short term assets ($13.8M) exceed its short term liabilities ($3.4M).
Long Term Liabilities: RMT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RMT's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: RMT's debt to equity ratio has reduced from 6.4% to 0.4% over the past 5 years.
Debt Coverage: RMT's debt is well covered by operating cash flow (1367.9%).
Interest Coverage: RMT's interest payments on its debt are not well covered by EBIT (0.5x coverage).