Western Asset Premier Bond Fund Balance Sheet Health
Financial Health criteria checks 1/6
Western Asset Premier Bond Fund has a total shareholder equity of $132.4M and total debt of $66.2M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are $202.2M and $69.7M respectively. Western Asset Premier Bond Fund's EBIT is $12.5M making its interest coverage ratio 3.4. It has cash and short-term investments of $194.4K.
Key information
49.97%
Debt to equity ratio
US$66.18m
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$194.44k |
| Equity | US$132.45m |
| Total liabilities | US$69.74m |
| Total assets | US$202.18m |
Recent financial health updates
No updates
Recent updates
WEA: Investment-Grade Tilted CEF Portfolio, But Discount Remains Tight
Nov 19WEA: Tight Spreads Make This Fund Unappealing Currently (Rating Downgrade)
May 16Andvari Associates - Western Asset Premier Bond Fund: Silver Linings In Rates
Apr 14WEA: Buy It For The Corporate Exposure, Stay For The High Yield (Rating Upgrade)
Nov 25WEA: Discount Widening As Fixed-Income Gets Slammed By Higher Yields
Oct 18WEA: 7% Yielding CEF, Overweight Investment Grade Bonds
Feb 15Western Asset Premier Bond Fund goes ex dividend tomorrow
Dec 20WEA: An Opportunity Opening Up In Higher Quality Bonds
Nov 10Western Asset Premier Bond Fund goes ex-dividend tomorrow
Oct 20Financial Position Analysis
Short Term Liabilities: WEA's short term assets ($3.0M) do not cover its short term liabilities ($10.7M).
Long Term Liabilities: WEA's short term assets ($3.0M) do not cover its long term liabilities ($59.0M).
Debt to Equity History and Analysis
Debt Level: WEA's net debt to equity ratio (49.8%) is considered high.
Reducing Debt: WEA's debt to equity ratio has increased from 36.6% to 50% over the past 5 years.
Debt Coverage: WEA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WEA's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/20 00:07 |
| 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
Western Asset Premier Bond Fund is covered by 1 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.
| Analyst | Institution |
|---|---|
| Kristoph Rollenhagen | Oppenheimer & Co. Inc. |