MFS Intermediate High Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
MFS Intermediate High Income Fund has a total shareholder equity of $33.6M and total debt of $15.0M, which brings its debt-to-equity ratio to 44.6%. Its total assets and total liabilities are $49.2M and $15.6M respectively. MFS Intermediate High Income Fund's EBIT is $2.7M making its interest coverage ratio 3. It has cash and short-term investments of $5.0.
Key information
44.6%
Debt to equity ratio
US$15.00m
Debt
Interest coverage ratio | 3x |
Cash | US$5.00 |
Equity | US$33.61m |
Total liabilities | US$15.60m |
Total assets | US$49.21m |
Recent financial health updates
No updates
Recent updates
MFS Intermediate High Income Fund raises dividend by 2.1% to $0.0148
Feb 03MFS Intermediate High Income Fund monthly dividend declines by -2.8% to $0.0139/share
Nov 03MFS Intermediate High Income Fund declines by -7.1% to $0.0143/share
Oct 03MFS Intermediate High Income Fund raises dividend 4.1% to $0.0154/shares
Sep 01MFS Intermediate High Income Fund declares $0.0148 dividend
Aug 02MFS Intermediate High Income Fund declares $0.015 dividend
Jul 05MFS Intermediate High Income Fund declares $0.0194 dividend
May 07MFS Intermediate High Income Fund declares $0.01966 dividend
Jan 05MFS Intermediate High Income Fund declares $0.0191 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: CIF's short term assets ($881.8K) do not cover its short term liabilities ($15.6M).
Long Term Liabilities: CIF's short term assets ($881.8K) exceed its long term liabilities ($33.2K).
Debt to Equity History and Analysis
Debt Level: CIF's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: CIF's debt to equity ratio has increased from 41.2% to 44.6% over the past 5 years.
Debt Coverage: CIF's debt is well covered by operating cash flow (38.2%).
Interest Coverage: CIF's interest payments on its debt are well covered by EBIT (3x coverage).