EVY (Eaton Vance NY Muniome Trust) Effective Interest Rate on Debt %: 0.54% (As of May. 2021)

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EVY Eaton Vance NY Muni Income Trust EVY
16 GF Score
Price $15.17
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What is Eaton Vance NY Muniome Trust Effective Interest Rate on Debt %?

Eaton Vance NY Muniome Trust EVY 16 Effective Interest Rate on Debt % is 0.54% as of May. 2021. GuruFocus rates EVY with a GF Score™ of 16/100.

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Eaton Vance NY Muniome Trust's annualized positive value of Interest Expense for the quarter that ended in May. 2021 was $0.23 Mil. Eaton Vance NY Muniome Trust's average total debt for the quarter that ended in May. 2021 was $42.13 Mil. Therefore, Eaton Vance NY Muniome Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2021 was 0.54%.


Eaton Vance NY Muniome Trust  (AMEX:EVY) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Eaton Vance NY Muniome Trust Effective Interest Rate on Debt % Related Terms


Eaton Vance NY Muniome Trust Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Eaton Vance NY Muniome Trust's Effective Interest Rate on 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.

Eaton Vance NY Muniome Trust Effective Interest Rate on Debt % Chart

Eaton Vance NY Muniome Trust Annual Data
Trend Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.63 6.05 3.88 2.07 1.18

Eaton Vance NY Muniome Trust Semi-Annual Data
Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.17 1.96 1.62 0.72 0.54

EVY vs OCCI, JEQ, PFX: Effective Interest Rate on Debt % Comparison

For the Asset Management subindustry, Eaton Vance NY Muniome Trust's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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.


Eaton Vance NY Muniome Trust Effective Interest Rate on Debt % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance NY Muniome Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Eaton Vance NY Muniome Trust's Effective Interest Rate on Debt % falls into.


EVY
16GF Score
Eaton Vance NY Muni Income Trust EVY
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Eaton Vance NY Muniome Trust Effective Interest Rate on Debt % Calculation

Eaton Vance NY Muniome Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2019 )+Total Debt  (A: Nov. 2020 ))/ count )
=-1  *  -0.526/( (45.058+43.724)/ 2 )
=-1  *  -0.526/44.391
=1.18 %

where

Total Debt  (A: Nov. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.058 + 0
=45.058

Total Debt  (A: Nov. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=43.724 + 0
=43.724

Eaton Vance NY Muniome Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2020 )+Total Debt  (Q: May. 2021 ))/ count )
=-1  *  -0.226/( (43.724+40.531)/ 2 )
=-1  *  -0.226/42.1275
=0.54 %

where

Total Debt  (Q: Nov. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=43.724 + 0
=43.724

Total Debt  (Q: May. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=40.531 + 0
=40.531

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (May. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 0.54% mean?
Eaton Vance NY Muniome Trust (EVY) has a Effective Interest Rate on Debt % of 0.54% as of May. 2021. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Eaton Vance NY Muniome Trust and its competitors.
Is Eaton Vance NY Muniome Trust's Effective Interest Rate on Debt % too high?
Eaton Vance NY Muniome Trust's current Effective Interest Rate on Debt % is 0.54%. Overall, Eaton Vance NY Muniome Trust has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Eaton Vance NY Muniome Trust's Effective Interest Rate on Debt % compare to OCCI and JEQ?
Eaton Vance NY Muniome Trust's Effective Interest Rate on Debt % of 0.54% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Asset Management company?
A good Effective Interest Rate on Debt % depends on the Asset Management industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Eaton Vance NY Muniome Trust and its competitors. Eaton Vance NY Muniome Trust's current Effective Interest Rate on Debt % is 0.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton Vance NY Muniome Trust stock overvalued right now?
Eaton Vance NY Muniome Trust (EVY) has a current Effective Interest Rate on Debt % of 0.54%. The current Effective Interest Rate on Debt % is 0.54%. Eaton Vance NY Muniome Trust's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Eaton Vance NY Muniome Trust (EVY), the current Effective Interest Rate on Debt % is 0.54% as of May. 2021. 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.

Eaton Vance NY Muniome Trust Business Description

Address Two International Place, Boston, MA, USA, 02110
Eaton Vance NY Muni Income Trust is a United States-based non-diversified closed-end investment company. Its investment objective is to provide current income exempt from regular federal income tax and taxes in its specified state. The trust invests in debt securities issued by New York municipalities. Its portfolio of investments consists of the hospital, real estate, and other areas.
16GF Score

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