MFS California Municipal Fund (MFS California Municipal Fund) Cash-to-Debt : N/A (As of May. 2019)

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What is MFS California Municipal Fund 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. MFS California Municipal Fund's cash to debt ratio for the quarter that ended in May. 2019 was N/A.

The historical rank and industry rank for MFS California Municipal Fund's Cash-to-Debt or its related term are showing as below:

CCA' 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 9 years, MFS California Municipal Fund's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

CCA's Cash-to-Debt is not ranked
in the Asset Management industry.
Industry Median: 5.5 vs CCA: No Debt

MFS California Municipal Fund Cash-to-Debt Historical Data

The historical data trend for MFS California Municipal Fund'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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MFS California Municipal Fund Cash-to-Debt Chart

MFS California Municipal Fund Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Cash-to-Debt

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N/A

MFS California Municipal Fund Semi-Annual Data
	May10	Nov10	May11	Nov11	May12	Nov12	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19
Cash-to-Debt	Get a 7-Day Free Trial													N/A	N/A	N/A	N/A	N/A

Competitive Comparison of MFS California Municipal Fund's Cash-to-Debt

For the Asset Management subindustry, MFS California Municipal Fund'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.

MFS California Municipal Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, MFS California Municipal Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where MFS California Municipal Fund's Cash-to-Debt falls into.

MFS California Municipal Fund 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.

MFS California Municipal Fund's Cash to Debt Ratio for the fiscal year that ended in Nov. 2018 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

MFS California Municipal Fund's Cash to Debt Ratio for the quarter that ended in May. 2019 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

MFS California Municipal Fund (AMEX:CCA) 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.

MFS California Municipal Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of MFS California Municipal Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

MFS California Municipal Fund (MFS California Municipal Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MFS California Municipal Fund (AMEX:CCA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Huntington Avenue, Boston, MA, USA, 02199

Website

http://www.mfs.com

MFS California Municipal Fund is a closed-end fund. The fund's investment objective is to seek high current income exempt from federal income tax and California personal income tax as well as capital appreciation. It offers a dividend reinvestment and cash purchase plan that allows common shareholders to reinvest either all the distributions paid by the fund or only the long-term capital gains. The fund invests majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in debt securities the interest on which in the opinion of issuer counsel is exempt from federal regular income tax and California personal income tax. It invests the fund's assets primarily in municipal instruments.

Executives

Jacques Jr Goulet	other: OFFICER OF THE ADVISOR	111 HUNTINGTON AVENUE, BOSTON MA 02199
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
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
Richard O Hawkins	other: PORTFOLIO MANAGER	500 BOYLSTON STREET, BOSTON MA 02116
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
Clarence Jr Otis	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John A Caroselli	director	ONE METROTECH CENTER, BROOKLYN NY 11201
Heidi Hardin	officer: Secretary	MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Christopher R. Bohane	officer: Assistant Secretary	111 HUNTINGTON AVENUE, BOSTON MA 02199
Kristin V Collins	officer: Assistant Secretary	MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Martin J Wolin	officer: Chief Compliance Officer	6 ST JAMES AVENUE 9TH FLOOR, BOSTON MA 02116