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Western Asset Highome Fund IIHIX 50 Debt-to-Equity is 0.46 as of Apr. 2026, which is 5% above its 10-year median of 0.44. 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 961 Asset Management companies, Western Asset Highome Fund II ranks worse than 70.34% on this metric.
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 Western Asset Highome Fund II's Debt-to-Equity or its related term are showing as below:
HIX'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.44 Max: 0.52
Current: 0.46
During the past 9 years, the highest Debt-to-Equity Ratio of Western Asset Highome Fund II was 0.52. The lowest was 0.37. And the median was 0.44.
HIX's Debt-to-Equity is ranked worse than 70.34% of 961
companies
in the Asset Management industry
Industry Median: 0.21
vs HIX: 0.46
Western Asset Highome Fund II (NYSE:HIX) Debt-to-Equity Explanation
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.
Western Asset Highome Fund II Debt-to-Equity Related Terms
Western Asset Highome Fund II Debt-to-Equity 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.
Western Asset Highome Fund II Debt-to-Equity Chart
For the Asset Management subindustry, Western Asset Highome Fund II'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.
Western Asset Highome Fund II Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Western Asset Highome Fund II's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Western Asset Highome Fund II's Debt-to-Equity 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 Debt-to-Equity of 0.46 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Western Asset Highome Fund II and its competitors. This is near median its historical median of 0.44. Over the past decade, Western Asset Highome Fund II's Debt-to-Equity has ranged from 0.37 to 0.52. According to the industry distribution chart, Western Asset Highome Fund II ranks #676 out of 961 companies in the Asset Management industry, placing it in the top 70.3%.
Is Western Asset Highome Fund II's Debt-to-Equity too high?
Western Asset Highome Fund II's current Debt-to-Equity of 0.46 is near median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 0.52. The Asset Management industry median Debt-to-Equity is 0.21. Western Asset Highome Fund II's value of 0.46 is 119% above this industry median. Based on the distribution chart, Western Asset Highome Fund II ranks #676 out of 961 companies in the Asset Management industry, which is below the industry midpoint. 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 Debt-to-Equity compare to MIY and JGH?
According to the Asset Management industry distribution chart, Western Asset Highome Fund II ranks #676 out of 961 companies for Debt-to-Equity. This places Western Asset Highome Fund II in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Western Asset Highome Fund II's value of 0.46 is 119% above this benchmark. Historically, Western Asset Highome Fund II's own Debt-to-Equity has ranged from 0.37 to 0.52 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.21, Western Asset Highome Fund II has consistently been above 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 Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 961 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Asset Highome Fund II's current Debt-to-Equity of 0.46 is 119% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Western Asset Highome Fund II and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Highome Fund II's current Debt-to-Equity is 0.46, which is near median its own 10-year median of 0.44. 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 $3.98 — trading 34.2% below its estimated fair value. The current Debt-to-Equity is 0.46, which is near median its 10-year median of 0.44 and 119% above the Asset Management industry median of 0.21. 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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Western Asset Highome Fund II (HIX), the current Debt-to-Equity is 0.46 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 $3.98 is trading 34.2% below its estimated GF Value™ of $6.05.
GuruFocus considers Western Asset Highome Fund II to be Significantly Undervalued.
Key valuation signals for HIX:
Debt-to-Equity: 0.46 (near median its 10-year median of 0.44)
GF Value™: $6.05 vs. price of $3.98 (34.2% below fair value)
Industry Position: 119% above the Asset Management median (#676 of 961)
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 Highome Fund II Business Description
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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