HIX (Western Asset Highome Fund II) Effective Interest Rate on Debt %: 5.05% (As of Apr. 2026)


HIX Western Asset High Income Fund II Inc HIX
51 GF Score
Price $3.95
GF Value $6.05
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Western Asset Highome Fund II Effective Interest Rate on Debt %?

Western Asset Highome Fund II HIX -0.75% 51 Effective Interest Rate on Debt % is 5.05% as of Apr. 2026. GuruFocus rates HIX with a GF Score™ of 51/100 and a GF Value™ of $6.05 (Significantly Undervalued). The stock has 3 warning signs investors should review.

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. Western Asset Highome Fund II's annualized positive value of Interest Expense for the quarter that ended in Apr. 2026 was $8.34 Mil. Western Asset Highome Fund II's average total debt for the quarter that ended in Apr. 2026 was $165.09 Mil. Therefore, Western Asset Highome Fund II's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2026 was 5.05%.


Western Asset Highome Fund II  (NYSE:HIX) Effective Interest Rate on Debt % Explanation

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


Western Asset Highome Fund II Effective Interest Rate on Debt % Related Terms


Western Asset Highome Fund II Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Western Asset Highome Fund II'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.

Western Asset Highome Fund II Effective Interest Rate on Debt % Chart

Western Asset Highome Fund II Annual Data
Trend Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 0.82 4.06 5.19 5.92 4.95

Western Asset Highome Fund II Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 5.42 6.22 5.19 5.58 5.05

HIX vs MIY, JGH, SCD: Effective Interest Rate on Debt % Comparison

For the Asset Management subindustry, Western Asset Highome Fund II'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.


Western Asset Highome Fund II Effective Interest Rate on Debt % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Highome Fund II's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Western Asset Highome Fund II's Effective Interest Rate on Debt % falls into.


HIX
51GF Score
Western Asset High Income Fund II Inc HIX
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Asset Highome Fund II Effective Interest Rate on Debt % Calculation

Western Asset Highome Fund II's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2025 )+Total Debt  (A: Apr. 2026 ))/ count )
=-1  *  -9.061/( (193.098+172.918)/ 2 )
=-1  *  -9.061/183.008
=4.95 %

where

Total Debt  (A: Apr. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=193.098 + 0
=193.098

Total Debt  (A: Apr. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=172.918 + 0
=172.918

Western Asset Highome Fund II's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2025 )+Total Debt  (Q: Apr. 2026 ))/ count )
=-1  *  -8.34/( (157.26+172.918)/ 2 )
=-1  *  -8.34/165.089
=5.05 %

where

Total Debt  (Q: Oct. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=157.26 + 0
=157.26

Total Debt  (Q: Apr. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=172.918 + 0
=172.918

* 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 (Apr. 2026) 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 5.05% mean?
Western Asset Highome Fund II (HIX) has a Effective Interest Rate on Debt % of 5.05% as of Apr. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Western Asset Highome Fund II and its competitors.
Is Western Asset Highome Fund II's Effective Interest Rate on Debt % too high?
Western Asset Highome Fund II's current Effective Interest Rate on Debt % is 5.05%. Overall, Western Asset Highome Fund II has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Highome Fund II's Effective Interest Rate on Debt % compare to MIY and JGH?
Western Asset Highome Fund II's Effective Interest Rate on Debt % of 5.05% 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 Western Asset Highome Fund II and its competitors. Western Asset Highome Fund II's current Effective Interest Rate on Debt % is 5.05%. 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 $3.95 — trading 34.7% below its estimated fair value. The current Effective Interest Rate on Debt % is 5.05%. Western Asset Highome Fund II's overall GF Score™ is 51/100 with 3 warning signs to review. 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 Western Asset Highome Fund II (HIX), the current Effective Interest Rate on Debt % is 5.05% 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 $3.95 is trading 34.7% below its estimated GF Value™ of $6.05. GuruFocus considers Western Asset Highome Fund II to be Significantly Undervalued.

Key valuation signals for HIX:

  • Effective Interest Rate on Debt %: 5.05%
  • GF Value™: $6.05 vs. price of $3.95 (34.7% below fair value)
  • GF Score™: 51/100 with 3 warning signs

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

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
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.
51GF Score

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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.95
Price
$6.05
GF Value