First Trust Energy Income and Growth Fund Balance Sheet Health
Financial Health criteria checks 2/6
First Trust Energy Income and Growth Fund has a total shareholder equity of $313.0M and total debt of $77.2M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are $428.4M and $115.3M respectively. First Trust Energy Income and Growth Fund's EBIT is $4.6M making its interest coverage ratio 1.2. It has cash and short-term investments of $12.6M.
Key information
24.7%
Debt to equity ratio
US$77.20m
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$12.58m |
| Equity | US$313.03m |
| Total liabilities | US$115.34m |
| Total assets | US$428.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FEN's short term assets ($2.5M) do not cover its short term liabilities ($13.4M).
Long Term Liabilities: FEN's short term assets ($2.5M) do not cover its long term liabilities ($102.0M).
Debt to Equity History and Analysis
Debt Level: FEN's net debt to equity ratio (20.6%) is considered satisfactory.
Reducing Debt: FEN's debt to equity ratio has reduced from 35.4% to 24.7% over the past 5 years.
Debt Coverage: FEN's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: FEN's interest payments on its debt are not well covered by EBIT (1.2x coverage).