Eaton Vance Municipal Bond Fund Balance Sheet Health
Financial Health criteria checks 3/6
Eaton Vance Municipal Bond Fund has a total shareholder equity of $749.9M and total debt of $374.6M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are $1.1B and $395.7M respectively.
Key information
50.0%
Debt to equity ratio
US$374.58m
Debt
Interest coverage ratio | 2.6x |
Cash | n/a |
Equity | US$749.92m |
Total liabilities | US$395.68m |
Total assets | US$1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EIM's short term assets ($46.6M) exceed its short term liabilities ($6.3M).
Long Term Liabilities: EIM's short term assets ($46.6M) do not cover its long term liabilities ($389.4M).
Debt to Equity History and Analysis
Debt Level: EIM's net debt to equity ratio (50%) is considered high.
Reducing Debt: EIM's debt to equity ratio has reduced from 70% to 50% over the past 5 years.
Debt Coverage: EIM's debt is well covered by operating cash flow (74%).
Interest Coverage: EIM's interest payments on its debt are not well covered by EBIT (2.6x coverage).