Eaton Vance New York Municipal Bond Fund Balance Sheet Health
Financial Health criteria checks 3/6
Eaton Vance New York Municipal Bond Fund has a total shareholder equity of $174.4M and total debt of $86.4M, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are $279.5M and $105.1M respectively.
Key information
49.5%
Debt to equity ratio
US$86.41m
Debt
Interest coverage ratio | 2.4x |
Cash | n/a |
Equity | US$174.41m |
Total liabilities | US$105.06m |
Total assets | US$279.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENX's short term assets ($19.2M) exceed its short term liabilities ($4.4M).
Long Term Liabilities: ENX's short term assets ($19.2M) do not cover its long term liabilities ($100.7M).
Debt to Equity History and Analysis
Debt Level: ENX's net debt to equity ratio (49.5%) is considered high.
Reducing Debt: ENX's debt to equity ratio has reduced from 72.9% to 49.5% over the past 5 years.
Debt Coverage: ENX's debt is well covered by operating cash flow (56%).
Interest Coverage: ENX's interest payments on its debt are not well covered by EBIT (2.4x coverage).