MFS High Yield Municipal Trust Balance Sheet Health
Financial Health criteria checks 2/6
MFS High Yield Municipal Trust has a total shareholder equity of $93.0M and total debt of $60.0M, which brings its debt-to-equity ratio to 64.5%. Its total assets and total liabilities are $155.0M and $62.0M respectively.
Key information
64.5%
Debt to equity ratio
US$59.97m
Debt
Interest coverage ratio | 2.3x |
Cash | n/a |
Equity | US$92.99m |
Total liabilities | US$62.01m |
Total assets | US$155.01m |
Recent financial health updates
No updates
Recent updates
The MFS High Yield Municipal Trust: Leverage, Munis, And Tax Benefits
Feb 15CMU: Our Game Plan For This Muni CEF Tender Offer
Oct 25MFS High Yield Municipal Trust raises dividend by 11.6% to $0.0125
Feb 03MFS High Yield Municipal Trust declares $0.0112 dividend
Jan 03MFS High Yield Municipal Trust monthly dividend by -7.4% to $0.0125/share
Nov 03MFS High Yield Municipal Trust declines by -6.9% to $0.0135/share
Oct 03MFS High Yield Municipal Trust declares $0.0145 dividend
Sep 01MFS High Yield Municipal Trust declares $0.015 dividend
Aug 02MFS High Yield Municipal Trust declares $0.015 dividend
Jul 05MFS High Yield Municipal Trust declares $0.018 dividend
May 07MFS High Yield Municipal Trust declares $0.018 dividend
Jan 05MFS High Yield Municipal Trust declares $0.0185 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: CMU's short term assets ($2.5M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: CMU's short term assets ($2.5M) do not cover its long term liabilities ($60.0M).
Debt to Equity History and Analysis
Debt Level: CMU's net debt to equity ratio (64.5%) is considered high.
Reducing Debt: CMU's debt to equity ratio has increased from 56.7% to 64.5% over the past 5 years.
Debt Coverage: CMU's debt is well covered by operating cash flow (38.6%).
Interest Coverage: CMU's interest payments on its debt are not well covered by EBIT (2.3x coverage).