Eaton Vance California Municipal Bond Fund Balance Sheet Health
Financial Health criteria checks 2/6
Eaton Vance California Municipal Bond Fund has a total shareholder equity of $236.2M and total debt of $104.3M, which brings its debt-to-equity ratio to 44.2%. Its total assets and total liabilities are $356.4M and $120.3M respectively.
Key information
44.2%
Debt to equity ratio
US$104.30m
Debt
Interest coverage ratio | 2.6x |
Cash | n/a |
Equity | US$236.17m |
Total liabilities | US$120.26m |
Total assets | US$356.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EVM's short term assets ($12.2M) do not cover its short term liabilities ($15.1M).
Long Term Liabilities: EVM's short term assets ($12.2M) do not cover its long term liabilities ($105.2M).
Debt to Equity History and Analysis
Debt Level: EVM's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: EVM's debt to equity ratio has reduced from 79.7% to 44.2% over the past 5 years.
Debt Coverage: EVM's debt is well covered by operating cash flow (118.8%).
Interest Coverage: EVM's interest payments on its debt are not well covered by EBIT (2.6x coverage).