Reaves Utility Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
Reaves Utility Income Fund has a total shareholder equity of $1.9B and total debt of $520.0M, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are $2.4B and $531.5M respectively. Reaves Utility Income Fund's EBIT is $69.4M making its interest coverage ratio 2.4. It has cash and short-term investments of $994.5K.
Key information
27.5%
Debt to equity ratio
US$520.00m
Debt
Interest coverage ratio | 2.4x |
Cash | US$994.52k |
Equity | US$1.89b |
Total liabilities | US$531.55m |
Total assets | US$2.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UTG's short term assets ($5.7M) do not cover its short term liabilities ($531.5M).
Long Term Liabilities: UTG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: UTG's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: UTG's debt to equity ratio has reduced from 28.8% to 27.5% over the past 5 years.
Debt Coverage: UTG's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: UTG's interest payments on its debt are not well covered by EBIT (2.4x coverage).