PIMCO Municipal Income Fund III Balance Sheet Health
Financial Health criteria checks 1/6
PIMCO Municipal Income Fund III has a total shareholder equity of $263.7M and total debt of $187.1M, which brings its debt-to-equity ratio to 71%. Its total assets and total liabilities are $452.8M and $189.1M respectively. PIMCO Municipal Income Fund III's EBIT is $18.2M making its interest coverage ratio 2.7. It has cash and short-term investments of $8.7M.
Key information
70.97%
Debt to equity ratio
US$187.11m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$8.74m |
| Equity | US$263.66m |
| Total liabilities | US$189.12m |
| Total assets | US$452.78m |
Recent financial health updates
No updates
Recent updates
PMX: Has Been Falling Short, Which I Expect To Continue In 2025 (Rating Downgrade)
Jan 28PMX And HTD: Providing Tax-Advantaged Income
Sep 25PMX: This Muni CEF Still Looks Attractive
May 26PMX: Momentum And Relative Valuation Continue To Make This Muni Fund A Buy
Feb 23PIMCO Municipal Income Fund III: A Solid Closed-End Fund Holding
Feb 05PMX: Relative Value And High Yield Could Make A Buy For Right Investor
Aug 29PIMCO Municipal Income Fund III declares $0.033 dividend
Feb 09PIMCO Municipal Income Fund III declares $0.046 dividend
Dec 08PIMCO Municipal Income Fund III declares $0.046 dividend
Nov 04PIMCO Has 3 National Muni CEFs; PMX Is The Best Value Right Now
Oct 11PIMCO Municipal Income Fund III declares $0.046 dividend
Oct 03PIMCO Municipal Income Fund III declares $0.046 dividend
Sep 02PIMCO Municipal Income Fund III goes ex-dividend tomorrow
Jul 07Financial Position Analysis
Short Term Liabilities: PMX's short term assets ($14.1M) exceed its short term liabilities ($1.4M).
Long Term Liabilities: PMX's short term assets ($14.1M) do not cover its long term liabilities ($187.7M).
Debt to Equity History and Analysis
Debt Level: PMX's net debt to equity ratio (67.6%) is considered high.
Reducing Debt: PMX's debt to equity ratio has increased from 31.5% to 71% over the past 5 years.
Debt Coverage: PMX's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: PMX's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/20 02:18 |
| End of Day Share Price | 2025/05/20 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
PIMCO Municipal Income Fund III is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.