BNY Mellon Municipal Bond Infrastructure Fund Balance Sheet Health
Financial Health criteria checks 4/6
BNY Mellon Municipal Bond Infrastructure Fund has a total shareholder equity of $221.9M and total debt of $24.9M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are $327.0M and $105.0M respectively. BNY Mellon Municipal Bond Infrastructure Fund's EBIT is $12.7M making its interest coverage ratio 2.5. It has cash and short-term investments of $5.5M.
Key information
11.2%
Debt to equity ratio
US$24.90m
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$5.52m |
| Equity | US$221.95m |
| Total liabilities | US$105.05m |
| Total assets | US$326.99m |
Recent financial health updates
No updates
Recent updates
DMB: Muni Fund Offers Speculative Opportunity
Mar 04DMB: Very Disappointing Yield, But A Decent Muni Bond Fund
Dec 11DMB: High Expense Ratio Holding This Fund Back
Sep 26Earn Strong Tax-Free Income: DMB
Jul 12DMB: Infrastructure Focused Municipal Bond CEF
Jun 09BNY Mellon Municipal Bond Infrastructure Fund declares $0.04 dividend
Feb 02DMB: Stay Far Away At This Stage Of The Cycle
Jan 27BNY Mellon Municipal Bond Infrastructure Fund dividend declines by 24.5% to $0.05
Oct 27BNY Mellon Municipal Bond Infrastructure Fund declares $0.053 dividend
Oct 04BNY Mellon Municipal Bond Infrastructure Fund declares $0.053 dividend
Sep 02BNY Mellon Municipal Bond Infrastructure Fund declares $0.053 dividend
Aug 03BNY Mellon Municipal Bond Infrastructure Fund goes ex dividend tomorrow
Jul 18Federal Tax-Exempt +5% Yield Highly Defensive Investment: DMB
Jun 20BNY Mellon Municipal Bond Infrastructure Fund declares $0.053 dividend
Feb 02BNY Mellon Municipal Bond Infrastructure Fund declares $0.053 dividend
Jan 05BNY Mellon Municipal Bond Infrastructure Fund declares $0.053 dividend
Dec 02Financial Position Analysis
Short Term Liabilities: DMB's short term assets ($9.1M) exceed its short term liabilities ($5.1M).
Long Term Liabilities: DMB's short term assets ($9.1M) do not cover its long term liabilities ($99.9M).
Debt to Equity History and Analysis
Debt Level: DMB's net debt to equity ratio (8.7%) is considered satisfactory.
Reducing Debt: DMB's debt to equity ratio has reduced from 12.8% to 11.2% over the past 5 years.
Debt Coverage: DMB's debt is well covered by operating cash flow (102.3%).
Interest Coverage: DMB's interest payments on its debt are not well covered by EBIT (2.5x coverage).