Witan Investment Trust Balance Sheet Health
Financial Health criteria checks 2/6
Witan Investment Trust has a total shareholder equity of £1.6B and total debt of £260.6M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are £1.8B and £268.1M respectively. Witan Investment Trust's EBIT is £182.1M making its interest coverage ratio 22.3. It has cash and short-term investments of £20.8M.
Key information
16.5%
Debt to equity ratio
UK£260.61m
Debt
| Interest coverage ratio | 22.3x |
| Cash | UK£20.75m |
| Equity | UK£1.58b |
| Total liabilities | UK£268.09m |
| Total assets | UK£1.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WTNT.F's short term assets (£26.9M) do not cover its short term liabilities (£110.3M).
Long Term Liabilities: WTNT.F's short term assets (£26.9M) do not cover its long term liabilities (£157.7M).
Debt to Equity History and Analysis
Debt Level: WTNT.F's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: WTNT.F's debt to equity ratio has increased from 13% to 16.5% over the past 5 years.
Debt Coverage: WTNT.F's debt is not well covered by operating cash flow (12%).
Interest Coverage: WTNT.F's interest payments on its debt are well covered by EBIT (22.3x coverage).