Invesco Trust for Investment Grade Municipals Balance Sheet Health
Financial Health criteria checks 2/6
Invesco Trust for Investment Grade Municipals has a total shareholder equity of $617.2M and total debt of $319.8M, which brings its debt-to-equity ratio to 51.8%. Its total assets and total liabilities are $947.1M and $329.9M respectively. Invesco Trust for Investment Grade Municipals's EBIT is $37.8M making its interest coverage ratio 2.5. It has cash and short-term investments of $1.5M.
Key information
51.8%
Debt to equity ratio
US$319.78m
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$1.53m |
| Equity | US$617.15m |
| Total liabilities | US$329.91m |
| Total assets | US$947.06m |
Recent financial health updates
No updates
Recent updates
Invesco Trust for Investment Grade Municipals dividend declines by 4.4% to $0.0393
Feb 01Invesco Trust for Investment Grade Municipals declares $0.0411 dividend
Jan 03Invesco Trust for Investment Grade Municipals dividend decreases by 10.5% to $ 0.0459
Nov 02Invesco Trust for Investment Grade Municipals declares $0.0459 dividend
Oct 04Invesco Trust for Investment Grade Municipals declares $0.0459 dividend
Sep 02Invesco Trust for Investment Grade Municipals declares $0.0459 dividend
Aug 01Invesco Trust for Investment Grade Municipals cuts dividend by 7% to $0.0459
Jul 05Invesco Trust for Investment Grade Municipals declares $0.055 dividend
May 10Invesco Trust for Investment Grade Municipals declares $0.055 dividend
Feb 01Invesco Trust for Investment Grade Municipals declares $0.0535 dividend
Jan 04Invesco Trust for Investment Grade Municipals declares $0.0535 dividend
Nov 02Financial Position Analysis
Short Term Liabilities: VGM's short term assets ($12.9M) exceed its short term liabilities ($10.1M).
Long Term Liabilities: VGM's short term assets ($12.9M) do not cover its long term liabilities ($319.8M).
Debt to Equity History and Analysis
Debt Level: VGM's net debt to equity ratio (51.6%) is considered high.
Reducing Debt: VGM's debt to equity ratio has reduced from 67.6% to 51.8% over the past 5 years.
Debt Coverage: VGM's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: VGM's interest payments on its debt are not well covered by EBIT (2.5x coverage).