Invesco High Income Trust II Balance Sheet Health
Financial Health criteria checks 3/6
Invesco High Income Trust II has a total shareholder equity of $74.4M and total debt of $30.6M, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are $109.3M and $34.9M respectively. Invesco High Income Trust II's EBIT is $6.3M making its interest coverage ratio 3.6. It has cash and short-term investments of $399.5K.
Key information
41.1%
Debt to equity ratio
US$30.55m
Debt
Interest coverage ratio | 3.6x |
Cash | US$399.53k |
Equity | US$74.35m |
Total liabilities | US$34.90m |
Total assets | US$109.25m |
Recent financial health updates
No updates
Recent updates
Invesco High Income Trust II declares $0.0964 dividend
Feb 01VLT: Small Junk Bond CEF That Should Be Avoided
Jan 10Invesco High Income Trust II declares $0.964 dividend
Nov 01Invesco High Income Trust II declares $0.0964 dividend
Oct 03Invesco High Income Trust II declares $0.0964 dividend
Sep 01Invesco High Income Trust II declares $0.0964 dividend
Aug 01Invesco High Income Trust II declares $0.0964 dividend
Jul 05Invesco High Income Trust II declares $0.0964 dividend
May 03Invesco High Income Trust II declares $0.0964 dividend
Jan 04Invesco High Income Trust II declares $0.0964 dividend
Nov 02Financial Position Analysis
Short Term Liabilities: VLT's short term assets ($2.9M) do not cover its short term liabilities ($34.9M).
Long Term Liabilities: VLT's short term assets ($2.9M) exceed its long term liabilities ($20.2K).
Debt to Equity History and Analysis
Debt Level: VLT's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: VLT's debt to equity ratio has increased from 37.3% to 41.1% over the past 5 years.
Debt Coverage: VLT's debt is well covered by operating cash flow (22.7%).
Interest Coverage: VLT's interest payments on its debt are well covered by EBIT (3.6x coverage).