MFS Investment Grade Municipal Trust Balance Sheet Health
Financial Health criteria checks 1/6
MFS Investment Grade Municipal Trust has a total shareholder equity of $68.8M and total debt of $43.8M, which brings its debt-to-equity ratio to 63.6%. Its total assets and total liabilities are $114.5M and $45.7M respectively.
Key information
63.6%
Debt to equity ratio
US$43.77m
Debt
Interest coverage ratio | 2.1x |
Cash | n/a |
Equity | US$68.80m |
Total liabilities | US$45.67m |
Total assets | US$114.47m |
Recent financial health updates
No updates
Recent updates
MFS Investment Grade Municipal Trust raises dividend by 15.6% to $0.026
Feb 03MFS Investment Grade Municipal Trust declares $0.0245 dividend
Nov 03MFS Investment Grade Municipal Trust declines by -1.9% to $0.026/share
Oct 03MFS Investment Grade Municipal Trust declares $0.0265 dividend
Sep 01MFS Investment Grade Municipal Trust declares $0.028 dividend
Aug 02MFS Investment Grade Municipal Trust declares $0.028 dividend
Jul 05MFS Investment Grade Municipal Trust declares $0.037 dividend
May 10MFS Investment Grade Municipal Trust declares $0.037 dividend
Feb 04MFS Investment Grade Municipal Trust declares $0.037 dividend
Jan 05MFS Investment Grade Municipal Trust declares $0.0296 dividend
Dec 03MFS Investment Grade Municipal Trust declares $0.037 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: CXH's short term assets ($1.7M) do not cover its short term liabilities ($1.9M).
Long Term Liabilities: CXH's short term assets ($1.7M) do not cover its long term liabilities ($43.8M).
Debt to Equity History and Analysis
Debt Level: CXH's net debt to equity ratio (63.6%) is considered high.
Reducing Debt: CXH's debt to equity ratio has increased from 59.8% to 63.6% over the past 5 years.
Debt Coverage: CXH's debt is well covered by operating cash flow (27.1%).
Interest Coverage: CXH's interest payments on its debt are not well covered by EBIT (2.1x coverage).