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Mfs Investment Grade Municipal Trust (Mfs Investment Grade Municipal Trust) Liabilities-to-Assets : 0.40 (As of Nov. 2023)


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What is Mfs Investment Grade Municipal Trust Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Mfs Investment Grade Municipal Trust's Total Liabilities for the quarter that ended in Nov. 2023 was $45.67 Mil. Mfs Investment Grade Municipal Trust's Total Assets for the quarter that ended in Nov. 2023 was $114.47 Mil. Therefore, Mfs Investment Grade Municipal Trust's Liabilities-to-Assets Ratio for the quarter that ended in Nov. 2023 was 0.40.


Mfs Investment Grade Municipal Trust Liabilities-to-Assets Historical Data

The historical data trend for Mfs Investment Grade Municipal Trust's Liabilities-to-Assets 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.

Mfs Investment Grade Municipal Trust Liabilities-to-Assets Chart

Mfs Investment Grade Municipal Trust Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Liabilities-to-Assets
Get a 7-Day Free Trial 0.36 0.36 0.37 0.41 0.40

Mfs Investment Grade Municipal Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.39 0.41 0.40 0.40

Competitive Comparison of Mfs Investment Grade Municipal Trust's Liabilities-to-Assets

For the Asset Management subindustry, Mfs Investment Grade Municipal Trust's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Mfs Investment Grade Municipal Trust's Liabilities-to-Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mfs Investment Grade Municipal Trust's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Mfs Investment Grade Municipal Trust's Liabilities-to-Assets falls into.



Mfs Investment Grade Municipal Trust Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Mfs Investment Grade Municipal Trust's Liabilities-to-Assets Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Liabilities-to-Assets (A: Nov. 2023 )=Total Liabilities/Total Assets
=45.67/114.465
=0.40

Mfs Investment Grade Municipal Trust's Liabilities-to-Assets Ratio for the quarter that ended in Nov. 2023 is calculated as

Liabilities-to-Assets (Q: Nov. 2023 )=Total Liabilities/Total Assets
=45.67/114.465
=0.40

* 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.


Mfs Investment Grade Municipal Trust  (NYSE:CXH) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Mfs Investment Grade Municipal Trust Liabilities-to-Assets Related Terms

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Mfs Investment Grade Municipal Trust (Mfs Investment Grade Municipal Trust) Business Description

Traded in Other Exchanges
N/A
Address
111 Huntington Avenue, Boston, MA, USA, 02199
Mfs Investment Grade Municipal Trust is a United States-based diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowing for investment purposes, in tax-exempt bonds and tax-exempt notes.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Linda Dougherty other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Jason Kosty other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Rosa Licea-mailloux other: CHIEF COMPLIANCE OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Manjit Singh director 111 HUNTINGTON AVENUE, BOSTON MA 02072
Melissa Kennedy other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Jacques Jr Goulet other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Peter Darrell Jones director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney officer: Officer of Advisor 111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Carol W. Geremia officer: PRESIDENT 111 HUNTINGTON AVENUE, BOSTON MA 02199
Kevin D Strain other: Officer of Advisor MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Karpus Management, Inc. 10 percent owner 183 SULLY'S TRAIL, PITTSFORD NY 14534