PIMCO California Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 4/6
PIMCO California Municipal Income Fund has a total shareholder equity of $318.8M and total debt of $36.1M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are $355.8M and $37.0M respectively.
Key information
11.3%
Debt to equity ratio
US$36.08m
Debt
Interest coverage ratio | 9x |
Cash | n/a |
Equity | US$318.79m |
Total liabilities | US$37.01m |
Total assets | US$355.80m |
Recent financial health updates
No updates
Recent updates
PCQ: Not Impressed By Recent Momentum, Cautious Outlook Remains
Jul 21PCQ: The Time To Sell Has Passed
Feb 07PCQ: A Lesson In Managing Distribution Stability Risk
Jan 10PCQ: It Looks Like A Sell To Me
Dec 21PIMCO California Municipal Income Fund goes ex-dividend tomorrow
Dec 08PIMCO California Municipal Income Fund declares $0.065 dividend
Nov 04PIMCO California Municipal Income Fund declares $0.065 dividend
Oct 03PIMCO California Municipal Income Fund declares $0.065 dividend
Sep 02PCQ: 2 Years Later And This Fund Remains Grossly Overpriced
Aug 02PIMCO California Municipal Income Fund declares $0.065 dividend
May 07PIMCO California Municipal Income Fund declares $0.065 dividend
Feb 04PIMCO California Municipal Income Fund declares $0.065 dividend
Jan 04PIMCO California Municipal Income Fund declares $0.01 dividend
Dec 08PIMCO California Municipal Income Fund declares $0.065 dividend
Dec 02PIMCO California Municipal Income Fund declares $0.065 dividend
Nov 04Financial Position Analysis
Short Term Liabilities: PCQ's short term assets ($5.7M) do not cover its short term liabilities ($12.6M).
Long Term Liabilities: PCQ's short term assets ($5.7M) do not cover its long term liabilities ($24.4M).
Debt to Equity History and Analysis
Debt Level: PCQ's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: PCQ's debt to equity ratio has reduced from 27.9% to 11.3% over the past 5 years.
Debt Coverage: PCQ's debt is well covered by operating cash flow (112.7%).
Interest Coverage: PCQ's interest payments on its debt are well covered by EBIT (9x coverage).