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What is Western Asset Highome Fund II Cash-to-Debt?
Western Asset Highome Fund IIHIX -0.51%50 Cash-to-Debt is 0.04 as of Apr. 2026, which is 300% above its 10-year median of 0.01. GuruFocus rates HIX with a GF Score™ of 50/100 and a GF Value™ of $6.05 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,417 Asset Management companies, Western Asset Highome Fund II ranks worse than 89.84% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Western Asset Highome Fund II's cash to debt ratio for the quarter that ended in Apr. 2026 was 0.04.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Western Asset Highome Fund IIcouldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2026.
The historical rank and industry rank for Western Asset Highome Fund II's Cash-to-Debt or its related term are showing as below:
HIX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.04
Current: 0.04
During the past 9 years, Western Asset Highome Fund II's highest Cash to Debt Ratio was 0.04. The lowest was 0.00. And the median was 0.01.
HIX's Cash-to-Debt is ranked worse than 89.84% of 1417
companies
in the Asset Management industry
Industry Median: 5.63
vs HIX: 0.04
Western Asset Highome Fund II (NYSE:HIX) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Western Asset Highome Fund II Cash-to-Debt Related Terms
Western Asset Highome Fund II Cash-to-Debt Historical Data
* 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Asset Management subindustry, Western Asset Highome Fund II's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.
Western Asset Highome Fund II Cash-to-Debt vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Highome Fund II's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Western Asset Highome Fund II's Cash-to-Debt falls into.
* 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.
Western Asset Highome Fund II (HIX) has a Cash-to-Debt of 0.04 as of Apr. 2026. This is 300% above median its historical median of 0.01. According to the industry distribution chart, Western Asset Highome Fund II ranks #1273 out of 1417 companies in the Asset Management industry, placing it in the top 89.8%.
Is Western Asset Highome Fund II's Cash-to-Debt too high?
Western Asset Highome Fund II's current Cash-to-Debt of 0.04 is 300% above median its 10-year median of 0.01. The Asset Management industry median Cash-to-Debt is 5.63. Western Asset Highome Fund II's value of 0.04 is 99.3% below this industry median. Based on the distribution chart, Western Asset Highome Fund II ranks #1273 out of 1417 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Western Asset Highome Fund II has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Highome Fund II's Cash-to-Debt compare to JGH and AWP?
According to the Asset Management industry distribution chart, Western Asset Highome Fund II ranks #1273 out of 1417 companies for Cash-to-Debt. This places Western Asset Highome Fund II in the lower half of its industry. The industry median Cash-to-Debt is 5.63. Western Asset Highome Fund II's value of 0.04 is 99.3% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 5.63, Western Asset Highome Fund II has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Asset Management company?
The median Cash-to-Debt among Asset Management companies is 5.63, based on 1,417 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Asset Highome Fund II's current Cash-to-Debt of 0.04 is 99.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median Cash-to-Debt is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Highome Fund II's current Cash-to-Debt is 0.04, which is 300% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Highome Fund II stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Highome Fund II (HIX) is currently considered Significantly Undervalued. The stock's GF Value™ is $6.05, compared to a current price of $3.88 — trading 35.9% below its estimated fair value. The current Cash-to-Debt is 0.04, which is 300% above median its 10-year median of 0.01 and 99.3% below the Asset Management industry median of 5.63. Western Asset Highome Fund II's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Western Asset Highome Fund II (HIX), the current Cash-to-Debt is 0.04 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Western Asset Highome Fund II (HIX) Overvalued in 2026?
Based on GuruFocus' analysis, Western Asset Highome Fund II stock appears to be undervalued.
The current stock price of $3.88 is trading 35.9% below its estimated GF Value™ of $6.05.
GuruFocus considers Western Asset Highome Fund II to be Significantly Undervalued.
Key valuation signals for HIX:
Cash-to-Debt: 0.04 (300% above median its 10-year median of 0.01)
GF Value™: $6.05 vs. price of $3.88 (35.9% below fair value)
Industry Position: 99.3% below the Asset Management median (#1273 of 1417)
No single metric tells the full story. See the HIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Asset High Income Fund II Inc is a diversified closed-end management investment company. Its investment objective is to maximize current income by investing at least 80% of its net assets and borrowings for investment purposes in high-yield debt securities.
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