PIMCO Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 4/6
PIMCO Municipal Income Fund has a total shareholder equity of $400.5M and total debt of $38.5M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are $449.5M and $48.9M respectively.
Key information
9.6%
Debt to equity ratio
US$38.45m
Debt
| Interest coverage ratio | 11.2x |
| Cash | n/a |
| Equity | US$400.53m |
| Total liabilities | US$48.93m |
| Total assets | US$449.47m |
Recent financial health updates
No updates
Recent updates
PMF: My View Is There Are Modest Returns Ahead For This Muni Fund (Rating Upgrade)
Apr 06PMF: I Don't Trust The Recent Rally
Dec 04PIMCO Municipal Income Fund declares $0.042 dividend
Feb 09PIMCO Municipal Income Fund decreases monthly dividend by -22.2% to $0.042/share
Jan 04PIMCO Municipal Income Fund declares $0.054 dividend
Dec 08PIMCO Municipal Income Fund declares $0.054 dividend
Nov 04PIMCO Municipal Income Fund declares $0.054 dividend
Oct 03PIMCO Municipal Income Fund declares $0.054 dividend
Sep 02PMF: Munis Have Value, But This Fund Is Short On It At This Price
Aug 20PIMCO Municipal Income Fund declares $0.054 dividend
Aug 02PMF And PMX: Comparing 2 PIMCO Muni CEFs
Jun 30PMF: Cheaper Than Its Sister Funds, But Still Hard To Justify
Aug 17PIMCO Municipal Income Fund declares $0.054 dividend
May 07PIMCO Municipal Income Fund declares $0.054 dividend
Feb 04PMF: Bull Case Can Be Made, But It Is Dependent On More Stimulus
Dec 31PIMCO Municipal Income Fund declares $0.08 dividend
Dec 08PIMCO Municipal Income Fund declares $0.054 dividend
Dec 02PIMCO Municipal Income Fund declares $0.054 dividend
Nov 04Financial Position Analysis
Short Term Liabilities: PMF's short term assets ($6.9M) do not cover its short term liabilities ($7.2M).
Long Term Liabilities: PMF's short term assets ($6.9M) do not cover its long term liabilities ($41.7M).
Debt to Equity History and Analysis
Debt Level: PMF's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: PMF's debt to equity ratio has reduced from 22.7% to 9.6% over the past 5 years.
Debt Coverage: PMF's debt is well covered by operating cash flow (185.2%).
Interest Coverage: PMF's interest payments on its debt are well covered by EBIT (11.2x coverage).