Western Asset Municipal Partners Fund Balance Sheet Health
Financial Health criteria checks 3/6
Western Asset Municipal Partners Fund has a total shareholder equity of $141.8M and total debt of $68.4M, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are $211.0M and $69.2M respectively.
Key information
48.3%
Debt to equity ratio
US$68.43m
Debt
Interest coverage ratio | 93.7x |
Cash | n/a |
Equity | US$141.77m |
Total liabilities | US$69.22m |
Total assets | US$210.99m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MNP's short term assets ($3.1M) exceed its short term liabilities ($790.1K).
Long Term Liabilities: MNP's short term assets ($3.1M) do not cover its long term liabilities ($68.4M).
Debt to Equity History and Analysis
Debt Level: MNP's net debt to equity ratio (48.3%) is considered high.
Reducing Debt: MNP's debt to equity ratio has increased from 37.6% to 48.3% over the past 5 years.
Debt Coverage: MNP's debt is well covered by operating cash flow (20.2%).
Interest Coverage: MNP's interest payments on its debt are well covered by EBIT (93.7x coverage).