Polar Capital Technology Trust Balance Sheet Health
Financial Health criteria checks 6/6
Polar Capital Technology Trust has a total shareholder equity of £3.1B and total debt of £50.7M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are £3.2B and £104.2M respectively. Polar Capital Technology Trust's EBIT is £516.1M making its interest coverage ratio 277.5. It has cash and short-term investments of £247.5M.
Key information
1.6%
Debt to equity ratio
UK£50.69m
Debt
Interest coverage ratio | 277.5x |
Cash | UK£247.53m |
Equity | UK£3.09b |
Total liabilities | UK£104.23m |
Total assets | UK£3.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLCQ.F's short term assets (£284.9M) exceed its short term liabilities (£104.2M).
Long Term Liabilities: PLCQ.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PLCQ.F has more cash than its total debt.
Reducing Debt: PLCQ.F's debt to equity ratio has reduced from 3.2% to 1.6% over the past 5 years.
Debt Coverage: PLCQ.F's debt is well covered by operating cash flow (239.1%).
Interest Coverage: PLCQ.F's interest payments on its debt are well covered by EBIT (277.5x coverage).