PIMCO California Municipal Income Fund II Balance Sheet Health
Financial Health criteria checks 5/6
PIMCO California Municipal Income Fund II has a total shareholder equity of $317.5M and total debt of $56.5M, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are $375.2M and $57.7M respectively. PIMCO California Municipal Income Fund II's EBIT is $12.6M making its interest coverage ratio 6.6. It has cash and short-term investments of $1,000.0.
Key information
17.8%
Debt to equity ratio
US$56.52m
Debt
Interest coverage ratio | 6.6x |
Cash | US$1.00k |
Equity | US$317.49m |
Total liabilities | US$57.72m |
Total assets | US$375.21m |
Recent financial health updates
No updates
Recent updates
PCK: The Discount To NAV Is Not Enough To Remain Bullish (Rating Downgrade)
Aug 17Pimco California Municipal Income Fund II declares $0.0215 dividend
Feb 09Pimco California Municipal Income Fund II decreases monthly dividend by -32.8% to $0.0215/share
Jan 04Pimco California Municipal Income Fund II goes ex-dividend tomorrow
Dec 08Pimco California Municipal Income Fund II declares $0.032 dividend
Oct 03PCK: Large, Short-Term Return Tells Me To Be Cautious
Sep 15Pimco California Municipal Income Fund II declares $0.032 dividend
Sep 02PCK: Trades At Discount To NAV, Rising Inflation Can Cause Pain
Jun 22Pimco California Municipal Income Fund II declares $0.032 dividend
May 07Pimco California Municipal Income Fund II declares $0.032 dividend
Jan 04Pimco California Municipal Income Fund II declares $0.01 dividend
Dec 08Pimco California Municipal Income Fund II declares $0.032 dividend
Dec 02Pimco California Municipal Income Fund II declares $0.032 dividend
Nov 04Financial Position Analysis
Short Term Liabilities: PCK's short term assets ($16.1M) exceed its short term liabilities ($922.0K).
Long Term Liabilities: PCK's short term assets ($16.1M) do not cover its long term liabilities ($56.8M).
Debt to Equity History and Analysis
Debt Level: PCK's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: PCK's debt to equity ratio has reduced from 40.2% to 17.8% over the past 5 years.
Debt Coverage: PCK's debt is well covered by operating cash flow (47.4%).
Interest Coverage: PCK's interest payments on its debt are well covered by EBIT (6.6x coverage).