Edinburgh Investment Trust Balance Sheet Health
Financial Health criteria checks 4/6
Edinburgh Investment Trust has a total shareholder equity of £1.1B and total debt of £120.0M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are £1.3B and £122.1M respectively. Edinburgh Investment Trust's EBIT is £48.9M making its interest coverage ratio 8.5. It has cash and short-term investments of £22.4M.
Key information
10.5%
Debt to equity ratio
UK£120.00m
Debt
Interest coverage ratio | 8.5x |
Cash | UK£22.36m |
Equity | UK£1.14b |
Total liabilities | UK£122.06m |
Total assets | UK£1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EHIT.F's short term assets (£34.8M) exceed its short term liabilities (£2.1M).
Long Term Liabilities: EHIT.F's short term assets (£34.8M) do not cover its long term liabilities (£120.0M).
Debt to Equity History and Analysis
Debt Level: EHIT.F's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: EHIT.F's debt to equity ratio has increased from 10.2% to 10.5% over the past 5 years.
Debt Coverage: EHIT.F's debt is well covered by operating cash flow (31%).
Interest Coverage: EHIT.F's interest payments on its debt are well covered by EBIT (8.5x coverage).