Federated Hermes Premier Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 0/6
Federated Hermes Premier Municipal Income Fund has a total shareholder equity of $140.2M and total debt of $88.6M, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are $233.1M and $92.9M respectively. Federated Hermes Premier Municipal Income Fund's EBIT is $8.9M making its interest coverage ratio 2.4. It has cash and short-term investments of $84.7K.
Key information
63.2%
Debt to equity ratio
US$88.59m
Debt
Interest coverage ratio | 2.4x |
Cash | US$84.67k |
Equity | US$140.23m |
Total liabilities | US$92.89m |
Total assets | US$233.12m |
Recent financial health updates
No updates
Recent updates
Federated Hermes Premier Municipal Income Fund declares $0.041 dividend
Feb 10Federated Hermes Premier Municipal Income Fund declares $0.041 dividend
Jan 10Federated Hermes Premier Municipal Income Fund declares $0.041 dividend
Dec 12Federated Hermes Premier Municipal Income Fund declares $0.041 dividend
Oct 10Federated Hermes Premier Municipal Income Fund declares $0.041 dividend
Sep 12Federated Hermes declares $0.041 dividend
Aug 10Federated Hermes Premier Municipal Income Fund declares $0.041 dividend
Jul 11Federated Hermes Premier Municipal Income Fund declares $0.054 dividend
Jun 10Federated Hermes Premier Municipal Income Fund declares $0.054 dividend
May 10Federated Hermes Premier Municipal Income Fund reports FY results
Feb 01Federated Hermes Premier Municipal Income Fund declares $0.054 dividend
Jan 11Federated Hermes Premier Municipal Income Fund declares $0.054 dividend
Nov 10Financial Position Analysis
Short Term Liabilities: FMN's short term assets ($3.6M) do not cover its short term liabilities ($4.3M).
Long Term Liabilities: FMN's short term assets ($3.6M) do not cover its long term liabilities ($88.6M).
Debt to Equity History and Analysis
Debt Level: FMN's net debt to equity ratio (63.1%) is considered high.
Reducing Debt: FMN's debt to equity ratio has increased from 41.3% to 63.2% over the past 5 years.
Debt Coverage: FMN's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: FMN's interest payments on its debt are not well covered by EBIT (2.4x coverage).