Western Asset Managed Municipals Fund Balance Sheet Health
Financial Health criteria checks 1/6
Western Asset Managed Municipals Fund has a total shareholder equity of $627.7M and total debt of $296.4M, which brings its debt-to-equity ratio to 47.2%. Its total assets and total liabilities are $946.3M and $318.6M respectively. Western Asset Managed Municipals Fund's EBIT is $24.9M making its interest coverage ratio 65.9. It has cash and short-term investments of $5.3K.
Key information
47.2%
Debt to equity ratio
US$296.35m
Debt
| Interest coverage ratio | 65.9x |
| Cash | US$5.26k |
| Equity | US$627.66m |
| Total liabilities | US$318.65m |
| Total assets | US$946.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMU's short term assets ($16.1M) do not cover its short term liabilities ($22.3M).
Long Term Liabilities: MMU's short term assets ($16.1M) do not cover its long term liabilities ($296.4M).
Debt to Equity History and Analysis
Debt Level: MMU's net debt to equity ratio (47.2%) is considered high.
Reducing Debt: MMU's debt to equity ratio has increased from 36.4% to 47.2% over the past 5 years.
Debt Coverage: MMU's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: MMU's interest payments on its debt are well covered by EBIT (65.9x coverage).