MFS Multimarket Income Trust Balance Sheet Health
Financial Health criteria checks 4/6
MFS Multimarket Income Trust has a total shareholder equity of $264.5M and total debt of $95.0M, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are $368.1M and $103.6M respectively. MFS Multimarket Income Trust's EBIT is $20.5M making its interest coverage ratio 3.7. It has cash and short-term investments of $13.0.
Key information
35.9%
Debt to equity ratio
US$95.00m
Debt
Interest coverage ratio | 3.7x |
Cash | US$13.00 |
Equity | US$264.45m |
Total liabilities | US$103.60m |
Total assets | US$368.05m |
Recent financial health updates
No updates
Recent updates
MFS Multimarket Income Trust declares $0.0337 dividend
Feb 03MFS Multimarket Income Trust monthly dividend declines by -3.7% to $0.0313/share
Nov 03MFS Multimarket Income Trust raises dividend 3% to $0.034/shares
Sep 01MFS Multimarket Income Trust declares $0.033 dividend
Aug 02MFS Multimarket Income Trust declares $0.0336 dividend
Jul 05MFS Multimarket Income Trust: Appears Better Than Most Competitors
Oct 18MFS Multimarket Income Trust declares $0.0419 dividend
May 10MFS Multimarket Income Trust declares $0.0428 dividend
Feb 04MFS Multimarket Income Trust declares $0.04288 dividend
Jan 05MFS Multimarket Income Trust declares $0.0416 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: MMT's short term assets ($11.9M) do not cover its short term liabilities ($103.0M).
Long Term Liabilities: MMT's short term assets ($11.9M) exceed its long term liabilities ($585.6K).
Debt to Equity History and Analysis
Debt Level: MMT's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: MMT's debt to equity ratio has increased from 24.5% to 35.9% over the past 5 years.
Debt Coverage: MMT's debt is well covered by operating cash flow (41.7%).
Interest Coverage: MMT's interest payments on its debt are well covered by EBIT (3.7x coverage).