PIMCO California Municipal Income Fund III Balance Sheet Health
Financial Health criteria checks 5/6
PIMCO California Municipal Income Fund III has a total shareholder equity of $264.2M and total debt of $37.5M, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are $302.7M and $38.5M respectively. PIMCO California Municipal Income Fund III's EBIT is $10.5M making its interest coverage ratio 6.4. It has cash and short-term investments of $1,000.0.
Key information
14.2%
Debt to equity ratio
US$37.50m
Debt
Interest coverage ratio | 6.4x |
Cash | US$1.00k |
Equity | US$264.21m |
Total liabilities | US$38.52m |
Total assets | US$302.73m |
Recent financial health updates
No updates
Recent updates
PIMCO California Municipal Income Fund III declares $0.0295 dividend
Feb 09PZC: I Would Expect Modest Gains For This California Muni Fund
Jan 27PIMCO California Municipal Income Fund III declares $0.038 dividend
Dec 08PIMCO California Municipal Income Fund III declares $0.038 dividend
Nov 04PIMCO California Municipal Income Fund III declares $0.038 dividend
Oct 03PIMCO California Municipal Income Fund III declares $0.038 dividend
Sep 02PIMCO California Municipal Income Fund III declares $0.038 dividend
Aug 02PIMCO California Municipal Income Fund III goes ex-dividend tomorrow
Jul 07PIMCO California Municipal Income Fund III declares $0.038 dividend
May 07PIMCO California Municipal Income Fund III declares $0.038 dividend
Jan 04PIMCO California Municipal Income Fund III declares $0.038 dividend
Dec 02PIMCO California Municipal Income Fund III declares $0.038 dividend
Nov 04Financial Position Analysis
Short Term Liabilities: PZC's short term assets ($10.4M) exceed its short term liabilities ($850.0K).
Long Term Liabilities: PZC's short term assets ($10.4M) do not cover its long term liabilities ($37.7M).
Debt to Equity History and Analysis
Debt Level: PZC's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: PZC's debt to equity ratio has reduced from 32.5% to 14.2% over the past 5 years.
Debt Coverage: PZC's debt is well covered by operating cash flow (62.1%).
Interest Coverage: PZC's interest payments on its debt are well covered by EBIT (6.4x coverage).