Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. MFS Municipalome Trust's Total Liabilities for the quarter that ended in Oct. 2023 was $119.79 Mil. MFS Municipalome Trust's Total Assets for the quarter that ended in Oct. 2023 was $336.58 Mil.
Therefore, MFS Municipalome Trust's Liabilities-to-Assets Ratio for the quarter that ended in Oct. 2023 was 0.36.
MFS Municipalome Trust Liabilities-to-Assets Historical Data
The historical data trend for MFS Municipalome Trust's Liabilities-to-Assets 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.
For the Asset Management subindustry, MFS Municipalome Trust's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Municipalome Trust Liabilities-to-Assets Distribution
For the Asset Management industry and Financial Services sector, MFS Municipalome Trust's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where MFS Municipalome Trust's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
MFS Municipalome Trust's Liabilities-to-Assets Ratio for the fiscal year that ended in Oct. 2023 is calculated as:
* 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.
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
MFS Municipalome Trust Liabilities-to-Assets Related Terms
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MFS Municipalome Trust (MFS Municipalome Trust) Business Description
MFS Municipal Income Trust is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.
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