MAV (Pioneer Muni Highome Advantage Tr) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Pioneer Muni Highome Advantage Tr Cash-to-Debt?

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. Pioneer Muni Highome Advantage Tr's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Pioneer Muni Highome Advantage Tr could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

MAV' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, Pioneer Muni Highome Advantage Tr's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

MAV's Cash-to-Debt is ranked better than
99.72% of 1435 companies
in the Asset Management industry
Industry Median: 5.22 vs MAV: No Debt

Pioneer Muni Highome Advantage Tr Cash-to-Debt Historical Data

The historical data trend for Pioneer Muni Highome Advantage Tr's Cash-to-Debt 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.

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.

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Pioneer Muni Highome Advantage Tr Cash-to-Debt Chart

Pioneer Muni Highome Advantage Tr Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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No Debt

N/A

No Debt

Pioneer Muni Highome Advantage Tr Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	N/A	No Debt	No Debt

Competitive Comparison of Pioneer Muni Highome Advantage Tr's Cash-to-Debt

For the Asset Management subindustry, Pioneer Muni Highome Advantage Tr'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.

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

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

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

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Pioneer Muni Highome Advantage Tr Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Pioneer Muni Highome Advantage Tr's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Pioneer Muni Highome Advantage Tr had no debt ⁽¹⁾.

Pioneer Muni Highome Advantage Tr's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Pioneer Muni Highome Advantage Tr had no debt ⁽¹⁾.

Pioneer Muni Highome Advantage Tr (NYSE:MAV) 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.

Pioneer Muni Highome Advantage Tr Cash-to-Debt Related Terms

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

Pioneer Muni Highome Advantage Tr Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Muni High Income Advantage Tr (NYSE:MAV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Muni High Income Advantage Tr is a closed-end fund designed to pursue high current income exempt from regular federal income tax and as a secondary objective to seek capital appreciation. It predominantly invests in debt securities and other obligations issued by or on behalf of states, territories, and possessions of the United States and the District of Columbia and their political subdivisions, agencies, and instrumentalities, the interest on which is exempt from regular federal income tax.

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
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
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 & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
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