Invesco Advantage Municipal Income Trust II Balance Sheet Health
Financial Health criteria checks 4/6
Invesco Advantage Municipal Income Trust II has a total shareholder equity of $421.0M and total debt of $284.3M, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are $717.3M and $296.3M respectively. Invesco Advantage Municipal Income Trust II's EBIT is $27.8M making its interest coverage ratio 3.4. It has cash and short-term investments of $13.8M.
Key information
67.5%
Debt to equity ratio
US$284.26m
Debt
Interest coverage ratio | 3.4x |
Cash | US$13.81m |
Equity | US$420.95m |
Total liabilities | US$296.31m |
Total assets | US$717.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VKI's short term assets ($27.6M) exceed its short term liabilities ($12.0M).
Long Term Liabilities: VKI's short term assets ($27.6M) do not cover its long term liabilities ($284.3M).
Debt to Equity History and Analysis
Debt Level: VKI's net debt to equity ratio (64.2%) is considered high.
Reducing Debt: VKI's debt to equity ratio has reduced from 71.6% to 67.5% over the past 5 years.
Debt Coverage: VKI's debt is well covered by operating cash flow (30.9%).
Interest Coverage: VKI's interest payments on its debt are well covered by EBIT (3.4x coverage).