Eaton Vance NY Muniome Trust (Eaton Vance NY Muniome Trust) Financial Strength : 4 (As of May. 2021)

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What is Eaton Vance NY Muniome Trust Financial Strength?

Eaton Vance NY Muniome Trust has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Eaton Vance NY Muniome Trust's interest coverage with the available data. Eaton Vance NY Muniome Trust's debt to revenue ratio for the quarter that ended in May. 2021 was 7.62. Altman Z-Score does not apply to banks and insurance companies.

Eaton Vance NY Muniome Trust Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Eaton Vance NY Muniome Trust's Interest Expense for the months ended in May. 2021 was $-0.11 Mil. Its Operating Income for the months ended in May. 2021 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2021 was $40.53 Mil.

Eaton Vance NY Muniome Trust's Interest Coverage for the quarter that ended in May. 2021 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Eaton Vance NY Muniome Trust's Debt to Revenue Ratio for the quarter that ended in May. 2021 is

Debt to Revenue Ratio	=	Total Debt (Q: May. 2021 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	40.531)	/	5.322
	=	7.62

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

Eaton Vance NY Muniome Trust (AMEX:EVY) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Eaton Vance NY Muniome Trust has the Financial Strength Rank of 4.

Eaton Vance NY Muniome Trust Financial Strength Related Terms

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Eaton Vance NY Muniome Trust (Eaton Vance NY Muniome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance NY Muni Income Trust (AMEX:EVY) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two International Place, Boston, MA, USA, 02110

Website

http://www.eatonvance.com

Eaton Vance NY Muni Income Trust is a United States-based non-diversified closed-end investment company. Its investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state. The trust invests in debt securities issued by New York municipalities. Its portfolio of investments consists of the hospital, real estate, and other areas.

Executives

Christopher J. Eustance	officer: Portfolio Manager	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Harriett Tee Taggart	other: Trustee	29400 LAKELAND BOULEVARD, WICKLIFFE OH 44092
Marcus L. Smith	other: Trustee	555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Keith Quinton	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Froio Richard F Sr	officer: Chief Compliance Officer	C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Scott Eston	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Ralph F Verni	director
Mark R Fetting	other: Trustee	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Scott E Wennerholm	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Craig R Brandon	other: Portfolio Manager	255 STATE STREET, BOSTON MA 02109
Laurie G Hylton	officer: Chief Financial Officer	255 STATE STREET, BOSTON MA 02109
Group Ag Ubs	other: Former 10% Owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Ronald A Pearlman	director	C/O EATON VANCE, THE EATON VANCE BLDG., 255 STATE ST., BOSTON MA 02109