Western Asset Municipal High Income Fund Balance Sheet Health
Financial Health criteria checks 4/6
Western Asset Municipal High Income Fund has a total shareholder equity of $146.2M and total debt of $2.7M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are $153.7M and $7.5M respectively.
Key information
1.9%
Debt to equity ratio
US$2.73m
Debt
Interest coverage ratio | 81.8x |
Cash | n/a |
Equity | US$146.22m |
Total liabilities | US$7.46m |
Total assets | US$153.68m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MHF's short term assets ($4.7M) exceed its short term liabilities ($4.7M).
Long Term Liabilities: MHF's short term assets ($4.7M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: MHF's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: MHF's debt to equity ratio has increased from 0% to 1.9% over the past 5 years.
Debt Coverage: Insufficient data to determine if MHF's debt is well covered by operating cash flow.
Interest Coverage: MHF's interest payments on its debt are well covered by EBIT (81.8x coverage).