Temple Bar Investment Trust Balance Sheet Health
Financial Health criteria checks 5/6
Temple Bar Investment Trust has a total shareholder equity of £699.1M and total debt of £74.7M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are £776.4M and £77.3M respectively. Temple Bar Investment Trust's EBIT is £55.5M making its interest coverage ratio 19.7. It has cash and short-term investments of £3.8M.
Key information
10.7%
Debt to equity ratio
UK£74.73m
Debt
Interest coverage ratio | 19.7x |
Cash | UK£3.82m |
Equity | UK£699.15m |
Total liabilities | UK£77.30m |
Total assets | UK£776.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TEPB.F's short term assets (£9.2M) exceed its short term liabilities (£2.6M).
Long Term Liabilities: TEPB.F's short term assets (£9.2M) do not cover its long term liabilities (£74.7M).
Debt to Equity History and Analysis
Debt Level: TEPB.F's net debt to equity ratio (10.1%) is considered satisfactory.
Reducing Debt: TEPB.F's debt to equity ratio has reduced from 12% to 10.7% over the past 5 years.
Debt Coverage: TEPB.F's debt is well covered by operating cash flow (40.9%).
Interest Coverage: TEPB.F's interest payments on its debt are well covered by EBIT (19.7x coverage).