Putnam Managed Municipal Income Trust Balance Sheet Health
Financial Health criteria checks 5/6
Putnam Managed Municipal Income Trust has a total shareholder equity of $370.2M and total debt of $21.1M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are $408.5M and $38.3M respectively. Putnam Managed Municipal Income Trust's EBIT is $16.6M making its interest coverage ratio -45.3. It has cash and short-term investments of $250.0K.
Key information
5.7%
Debt to equity ratio
US$21.14m
Debt
Interest coverage ratio | -45.3x |
Cash | US$250.01k |
Equity | US$370.20m |
Total liabilities | US$38.31m |
Total assets | US$408.52m |
Recent financial health updates
No updates
Recent updates
Putnam Managed Municipal Income Trust declares $0.032 dividend
Jan 27Putnam Managed Municipal Income Trust declares $0.032 dividend
Oct 25Putnam Managed Municipal Income Trust declares $0.032 dividend
Sep 23Putnam Managed Municipal Income Trust declares $0.032 dividend
Jan 29Putnam Managed Municipal Income Trust declares $0.032 dividend
Nov 20Financial Position Analysis
Short Term Liabilities: PMM's short term assets ($20.0M) exceed its short term liabilities ($17.4M).
Long Term Liabilities: PMM's short term assets ($20.0M) do not cover its long term liabilities ($20.9M).
Debt to Equity History and Analysis
Debt Level: PMM's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: PMM's debt to equity ratio has reduced from 7% to 5.7% over the past 5 years.
Debt Coverage: PMM's debt is well covered by operating cash flow (227.3%).
Interest Coverage: PMM earns more interest than it pays, so coverage of interest payments is not a concern.