Invesco Trust for Investment Grade New York Municipals Balance Sheet Health
Financial Health criteria checks 2/6
Invesco Trust for Investment Grade New York Municipals has a total shareholder equity of $225.8M and total debt of $135.2M, which brings its debt-to-equity ratio to 59.9%. Its total assets and total liabilities are $361.5M and $135.7M respectively. Invesco Trust for Investment Grade New York Municipals's EBIT is $13.0M making its interest coverage ratio 2.5. It has cash and short-term investments of $1.4M.
Key information
59.9%
Debt to equity ratio
US$135.18m
Debt
Interest coverage ratio | 2.5x |
Cash | US$1.43m |
Equity | US$225.77m |
Total liabilities | US$135.68m |
Total assets | US$361.45m |
Recent financial health updates
No updates
Recent updates
Invesco Trust For Investment Grade New York Municipals declares $0.0371 dividend
Feb 01Invesco Trust For Investment Grade New York Municipals dividend decreases by 11.9% to $ 0.0421
Nov 02Invesco Trust For Investment Grade New York Municipals declares $0.0421 dividend
Oct 04Invesco Trust For Investment Grade New York Municipals declares $0.0421 dividend
Sep 02Invesco Trust For Investment Grade New York Municipals declares $0.0421 dividend
Aug 01Invesco Trust For Investment Grade New York Municipals declares $0.0421 dividend
Jul 05Invesco Trust For Investment Grade New York Municipals declares $0.0478 dividend
May 10Invesco Trust For Investment Grade New York Municipals declares $0.0458 dividend
Feb 01Invesco Trust For Investment Grade New York Municipals declares $0.0458 dividend
Jan 04Invesco Trust For Investment Grade New York Municipals declares $0.0458 dividend
Nov 02Financial Position Analysis
Short Term Liabilities: VTN's short term assets ($3.8M) exceed its short term liabilities ($3.3M).
Long Term Liabilities: VTN's short term assets ($3.8M) do not cover its long term liabilities ($132.4M).
Debt to Equity History and Analysis
Debt Level: VTN's net debt to equity ratio (59.2%) is considered high.
Reducing Debt: VTN's debt to equity ratio has reduced from 68.6% to 59.9% over the past 5 years.
Debt Coverage: VTN's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: VTN's interest payments on its debt are not well covered by EBIT (2.5x coverage).