MFS High Income Municipal Trust Balance Sheet Health
Financial Health criteria checks 1/6
MFS High Income Municipal Trust has a total shareholder equity of $126.3M and total debt of $81.5M, which brings its debt-to-equity ratio to 64.5%. Its total assets and total liabilities are $210.3M and $84.1M respectively.
Key information
64.5%
Debt to equity ratio
US$81.46m
Debt
| Interest coverage ratio | 2.3x |
| Cash | n/a |
| Equity | US$126.26m |
| Total liabilities | US$84.07m |
| Total assets | US$210.33m |
Recent financial health updates
No updates
Recent updates
MFS High Income Municipal Trust raises dividend by 15.4% to $0.015
Feb 03MFS High Income Municipal Trust monthly declines by -3.3% to $0.0145/share
Nov 03MFS High Income Municipal Trust declines by -3.2% to $0.015/share
Oct 03MFS High Income Municipal Trust declares $0.0155 dividend
Sep 01MFS High Income Municipal Trust declares $0.0165 dividend
Jul 05MFS High Income Municipal Trust goes ex-dividend tomorrow
Jun 14MFS High Income Municipal Trust declares $0.021 dividend
May 07MFS High Income Municipal Trust declares $0.021 dividend
Feb 04MFS High Income Municipal Trust declares $0.021 dividend
Jan 05MFS High Income Municipal Trust declares $0.021 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: CXE's short term assets ($4.0M) exceed its short term liabilities ($2.6M).
Long Term Liabilities: CXE's short term assets ($4.0M) do not cover its long term liabilities ($81.5M).
Debt to Equity History and Analysis
Debt Level: CXE's net debt to equity ratio (64.5%) is considered high.
Reducing Debt: CXE's debt to equity ratio has increased from 59.7% to 64.5% over the past 5 years.
Debt Coverage: CXE's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: CXE's interest payments on its debt are not well covered by EBIT (2.3x coverage).