Eaton Vance Municipal Income Trust Balance Sheet Health
Financial Health criteria checks 5/6
Eaton Vance Municipal Income Trust has a total shareholder equity of $440.8M and total debt of $171.3M, which brings its debt-to-equity ratio to 38.9%. Its total assets and total liabilities are $617.7M and $176.9M respectively. Eaton Vance Municipal Income Trust's EBIT is $24.4M making its interest coverage ratio 3.2. It has cash and short-term investments of $134.8K.
Key information
38.9%
Debt to equity ratio
US$171.29m
Debt
Interest coverage ratio | 3.2x |
Cash | US$134.75k |
Equity | US$440.78m |
Total liabilities | US$176.88m |
Total assets | US$617.66m |
Recent financial health updates
No updates
Recent updates
Eaton Vance Municipal Income Trust declares $0.041 dividend
Feb 03Eaton Vance Municipal Income Trust declares $0.0306 dividend
Jan 05Eaton Vance Municipal Income Trust declines dividend by -14% to $0.041/share
Oct 06Eaton Vance Municipal Income Trust declares $0.0477 dividend
Sep 02Eaton Vance Municipal Income Trust declares $0.0477 dividend
Aug 03Eaton Vance Municipal Income Trust declares $0.0477 dividend
Jul 06Eaton Vance Municipal Income Trust declares $0.0477 dividend
May 10Eaton Vance Municipal Income Trust declares $0.0477 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: EVN's short term assets ($11.6M) exceed its short term liabilities ($5.6M).
Long Term Liabilities: EVN's short term assets ($11.6M) do not cover its long term liabilities ($171.3M).
Debt to Equity History and Analysis
Debt Level: EVN's net debt to equity ratio (38.8%) is considered satisfactory.
Reducing Debt: EVN's debt to equity ratio has reduced from 67.4% to 38.9% over the past 5 years.
Debt Coverage: EVN's debt is well covered by operating cash flow (41.9%).
Interest Coverage: EVN's interest payments on its debt are well covered by EBIT (3.2x coverage).