Invesco Municipal Trust Balance Sheet Health
Financial Health criteria checks 3/6
Invesco Municipal Trust has a total shareholder equity of $585.3M and total debt of $324.3M, which brings its debt-to-equity ratio to 55.4%. Its total assets and total liabilities are $938.9M and $353.6M respectively. Invesco Municipal Trust's EBIT is $38.4M making its interest coverage ratio 2.8. It has cash and short-term investments of $2.9M.
Key information
55.4%
Debt to equity ratio
US$324.34m
Debt
Interest coverage ratio | 2.8x |
Cash | US$2.94m |
Equity | US$585.29m |
Total liabilities | US$353.61m |
Total assets | US$938.90m |
Recent financial health updates
No updates
Recent updates
Invesco Municipal Trust dividend declines by 4.5% to $0.0386
Feb 01Invesco Municipal Trust dividend decreases by 10.4% to $0.0451
Nov 02Invesco Municipal Trust declares $0.0451 dividend
Sep 02Invesco Municipal Trust declares $0.0451 dividend
Aug 01Invesco Municipal Trust cuts dividend by 6% to $0.0451
Jul 05Invesco Municipal Trust declares $0.0535 dividend
May 10Invesco Municipal Trust declares $0.0535 dividend
Feb 01Invesco Municipal Trust declares $0.052 dividend
Jan 04Invesco Municipal Trust declares $0.052 dividend
Dec 01Invesco Municipal Trust declares $0.052 dividend
Nov 02Financial Position Analysis
Short Term Liabilities: VKQ's short term assets ($34.4M) exceed its short term liabilities ($29.3M).
Long Term Liabilities: VKQ's short term assets ($34.4M) do not cover its long term liabilities ($324.4M).
Debt to Equity History and Analysis
Debt Level: VKQ's net debt to equity ratio (54.9%) is considered high.
Reducing Debt: VKQ's debt to equity ratio has reduced from 67.4% to 55.4% over the past 5 years.
Debt Coverage: VKQ's debt is well covered by operating cash flow (34.3%).
Interest Coverage: VKQ's interest payments on its debt are not well covered by EBIT (2.8x coverage).