MFS Municipal Income Trust Balance Sheet Health
Financial Health criteria checks 1/6
MFS Municipal Income Trust has a total shareholder equity of $216.8M and total debt of $113.7M, which brings its debt-to-equity ratio to 52.5%. Its total assets and total liabilities are $336.6M and $119.8M respectively. MFS Municipal Income Trust's EBIT is $14.1M making its interest coverage ratio 2.9. It has cash and short-term investments of $2.7K.
Key information
52.5%
Debt to equity ratio
US$113.74m
Debt
Interest coverage ratio | 2.9x |
Cash | US$2.65k |
Equity | US$216.79m |
Total liabilities | US$119.79m |
Total assets | US$336.58m |
Recent financial health updates
No updates
Recent updates
MFS Municipal Income Trust raises by dividend 8.6% to $0.019
Feb 03MFS Municipal Income Trust declares $0.0175 dividend
Jan 03MFS Municipal Income Trust monthly dividend declines by -5.1% to $0.0185 /share
Nov 03MFS Municipal Income Trust declares $0.0195 dividend
Sep 01MFS Municipal Income Trust declares $0.0205 dividend
Aug 02MFS Municipal Income Trust declares $0.0205 dividend
Jul 05MFS Municipal Income Trust declares $0.026 dividend
May 10MFS Municipal Income Trust declares $0.026 dividend
Feb 04MFS Municipal Income Trust declares $0.026 dividend
Jan 05MFS Municipal Income Trust declares $0.026 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: MFM's short term assets ($5.7M) do not cover its short term liabilities ($119.8M).
Long Term Liabilities: MFM's short term assets ($5.7M) exceed its long term liabilities ($1.8K).
Debt to Equity History and Analysis
Debt Level: MFM's net debt to equity ratio (52.5%) is considered high.
Reducing Debt: MFM's debt to equity ratio has increased from 41.2% to 52.5% over the past 5 years.
Debt Coverage: MFM's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: MFM's interest payments on its debt are not well covered by EBIT (2.9x coverage).