Eaton Vance California Municipal Income Trust Balance Sheet Health
Financial Health criteria checks 4/6
Eaton Vance California Municipal Income Trust has a total shareholder equity of $81.4M and total debt of $32.3M, which brings its debt-to-equity ratio to 39.7%. Its total assets and total liabilities are $114.1M and $32.7M respectively. Eaton Vance California Municipal Income Trust's EBIT is $4.1M making its interest coverage ratio 2.9. It has cash and short-term investments of $394.3K.
Key information
39.7%
Debt to equity ratio
US$32.29m
Debt
Interest coverage ratio | 2.9x |
Cash | US$394.32k |
Equity | US$81.42m |
Total liabilities | US$32.69m |
Total assets | US$114.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CEV's short term assets ($1.8M) exceed its short term liabilities ($370.5K).
Long Term Liabilities: CEV's short term assets ($1.8M) do not cover its long term liabilities ($32.3M).
Debt to Equity History and Analysis
Debt Level: CEV's net debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: CEV's debt to equity ratio has reduced from 63.2% to 39.7% over the past 5 years.
Debt Coverage: CEV's debt is well covered by operating cash flow (40.6%).
Interest Coverage: CEV's interest payments on its debt are not well covered by EBIT (2.9x coverage).