Eaton Vance Michigan Muniome Trust (Eaton Vance Michigan Muniome Trust) Debt-to-Equity : 0.04 (As of May. 2018)

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What is Eaton Vance Michigan Muniome Trust Debt-to-Equity?

Eaton Vance Michigan Muniome Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2018 was $0.00 Mil. Eaton Vance Michigan Muniome Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2018 was $1.20 Mil. Eaton Vance Michigan Muniome Trust's Total Stockholders Equity for the quarter that ended in May. 2018 was $29.44 Mil. Eaton Vance Michigan Muniome Trust's debt to equity for the quarter that ended in May. 2018 was 0.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Eaton Vance Michigan Muniome Trust's Debt-to-Equity or its related term are showing as below:

EMI's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Eaton Vance Michigan Muniome Trust Debt-to-Equity Historical Data

The historical data trend for Eaton Vance Michigan Muniome Trust's Debt-to-Equity 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.

Eaton Vance Michigan Muniome Trust Debt-to-Equity Chart

Eaton Vance Michigan Muniome Trust Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Debt-to-Equity

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Eaton Vance Michigan Muniome Trust Semi-Annual Data
	May10	Nov10	May11	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18
Debt-to-Equity	Get a 7-Day Free Trial												-	-	-	-	0.04

Competitive Comparison of Eaton Vance Michigan Muniome Trust's Debt-to-Equity

For the Asset Management subindustry, Eaton Vance Michigan Muniome Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Eaton Vance Michigan Muniome Trust's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Michigan Muniome Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Eaton Vance Michigan Muniome Trust's Debt-to-Equity falls into.

Eaton Vance Michigan Muniome Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eaton Vance Michigan Muniome Trust's Debt to Equity Ratio for the fiscal year that ended in Nov. 2017 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	30.357
	=	0.00

Eaton Vance Michigan Muniome Trust's Debt to Equity Ratio for the quarter that ended in May. 2018 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1.201)	/	29.441
	=	0.04

Eaton Vance Michigan Muniome Trust (AMEX:EMI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Eaton Vance Michigan Muniome Trust Debt-to-Equity Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Michigan Muni Income Trust (AMEX:EMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://funds.eatonvance.com

Eaton Vance Michigan Muni Income Trust is a non-diversified closed-end investment company. The Company's investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state.

Executives

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
Froio Richard F Sr	officer: Chief Compliance Officer	C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
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
Laurie G Hylton	officer: Chief Financial Officer	255 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
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Group Ag Ubs	other: Former 10% Owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Susan J Sutherland	other: Trustee	MONTPELIER HOUSE, 94 PITTS BAY ROAD, HAMILTON D0 HM 08
George J. Gorman	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Cynthia Frost	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02148
Lynn A Stout	director	C/O EATON VANCE, THE EATON VANCE BLDG., 255 STATE ST., BOSTON MA 02109
Valerie Mosley	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
James F Kirchner	officer: Treasurer	TWO INTERNATIONAL PLACE, BOSTON MA 02110

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