Western Asset Mortgage Opportunity Fund Balance Sheet Health
Financial Health criteria checks 1/6
Western Asset Mortgage Opportunity Fund has a total shareholder equity of $137.2M and total debt of $100.0M, which brings its debt-to-equity ratio to 72.9%. Its total assets and total liabilities are $240.6M and $103.4M respectively. Western Asset Mortgage Opportunity Fund's EBIT is $19.5M making its interest coverage ratio 2.5. It has cash and short-term investments of $1.2M.
Key information
72.9%
Debt to equity ratio
US$100.00m
Debt
Interest coverage ratio | 2.5x |
Cash | US$1.20m |
Equity | US$137.17m |
Total liabilities | US$103.43m |
Total assets | US$240.60m |
Recent financial health updates
No updates
Recent updates
DMO: 12% Yielding GSE Risk Transfer Mortgage Fund (Rating Upgrade)
Feb 21DMO: Another Distribution Hike For This 13.4% Yielding CEF, Though Likely Its Last
Dec 05DMO: Recent Hike Pushes The Yield On This Mortgage CEF Above 11.5%
Aug 03DMO: Discount Narrowing Drives Results
Jul 20Western Asset Mortgage Opportunity Fund goes ex-dividend
Dec 20Western Asset Mortgage Opportunity Fund goes ex dividend tomorrow
Sep 21DMO And WDI: A Look At Two 10%-Yielding Credit CEFs
Aug 10DMO: A 10%-Yielding Mortgage CEF With Strong Income Tailwinds
Jul 20Western Asset Mortgage Defined Opportunity Fund declares $0.1125 dividend
Nov 17Financial Position Analysis
Short Term Liabilities: DMO's short term assets ($3.4M) do not cover its short term liabilities ($103.4M).
Long Term Liabilities: DMO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: DMO's net debt to equity ratio (72%) is considered high.
Reducing Debt: DMO's debt to equity ratio has increased from 49.1% to 72.9% over the past 5 years.
Debt Coverage: DMO's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: DMO's interest payments on its debt are not well covered by EBIT (2.5x coverage).