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Pioneer Muni Highome Advantage Tr (Pioneer Muni Highome Advantage Tr) Equity-to-Asset : 0.58 (As of Sep. 2023)


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What is Pioneer Muni Highome Advantage Tr Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Pioneer Muni Highome Advantage Tr's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $194.42 Mil. Pioneer Muni Highome Advantage Tr's Total Assets for the quarter that ended in Sep. 2023 was $334.67 Mil. Therefore, Pioneer Muni Highome Advantage Tr's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.58.

The historical rank and industry rank for Pioneer Muni Highome Advantage Tr's Equity-to-Asset or its related term are showing as below:

MAV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55   Med: 0.64   Max: 1
Current: 0.58

During the past 6 years, the highest Equity to Asset Ratio of Pioneer Muni Highome Advantage Tr was 1.00. The lowest was 0.55. And the median was 0.64.

MAV's Equity-to-Asset is ranked worse than
77.91% of 1725 companies
in the Asset Management industry
Industry Median: 0.83 vs MAV: 0.58

Pioneer Muni Highome Advantage Tr Equity-to-Asset Historical Data

The historical data trend for Pioneer Muni Highome Advantage Tr's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pioneer Muni Highome Advantage Tr Equity-to-Asset Chart

Pioneer Muni Highome Advantage Tr Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Equity-to-Asset
Get a 7-Day Free Trial 1.00 0.64 0.62 0.59 0.61

Pioneer Muni Highome Advantage Tr Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.61 0.59 0.55 0.61 0.58

Competitive Comparison of Pioneer Muni Highome Advantage Tr's Equity-to-Asset

For the Asset Management subindustry, Pioneer Muni Highome Advantage Tr's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pioneer Muni Highome Advantage Tr's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Muni Highome Advantage Tr's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Pioneer Muni Highome Advantage Tr's Equity-to-Asset falls into.



Pioneer Muni Highome Advantage Tr Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Pioneer Muni Highome Advantage Tr's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )=Total Stockholders Equity/Total Assets
=224.545/365.585
=0.61

Pioneer Muni Highome Advantage Tr's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=194.416/334.667
=0.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Pioneer Muni Highome Advantage Tr  (NYSE:MAV) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Pioneer Muni Highome Advantage Tr Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Pioneer Muni Highome Advantage Tr's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Pioneer Muni Highome Advantage Tr (Pioneer Muni Highome Advantage Tr) Business Description

Traded in Other Exchanges
N/A
Address
60 State Street, Boston, MA, USA, 02109
Pioneer Muni High Income Advantage Tr is a closed-end fund designed to pursue high current income exempt from regular federal income tax and to seek capital appreciation. The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. Geographically, its activities are carried out through the United States.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Yana Karalnik officer: CHIEF COMPLIANCE OFFICER 60 STATE STREET, BOSTON MA 02109
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Michael Melnick officer: Assistant Treasurer 60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr officer: Treasurer 60 STATE STREET, BOSTON MA 02109
Diane Durnin other: Trustee 60 STATE STREET, BOSTON MA 02109
Baumgardner John E Jr. other: Trustee 60 STATE STREET, BOSTON MA 02109
Mark Edward Bradley officer: Treasurer 60 STATE STREET, BOSTON MA 02109
John Michael Malone officer: Chief Compliance Officer 60 STATE STREET, BOSTON MA 02019
Group Ag Ubs 10 percent owner BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Wells Fargo Municipal Capital Strategies, Llc 10 percent owner 375 PARK AVENUE, NEW YORK NY 10152
Wfc Holdings Corp 10 percent owner 420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Wells Fargo & Company/mn 10 percent owner 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255

Pioneer Muni Highome Advantage Tr (Pioneer Muni Highome Advantage Tr) Headlines