Mfs Intermediate Highome Fund (Mfs Intermediate Highome Fund) LT-Debt-to-Total-Asset : 0.31 (As of Nov. 2023)

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What is Mfs Intermediate Highome Fund LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Mfs Intermediate Highome Fund's long-term debt to total assests ratio for the quarter that ended in Nov. 2023 was 0.31.

Mfs Intermediate Highome Fund's long-term debt to total assets ratio declined from Nov. 2022 (0.31) to Nov. 2023 (0.31). It may suggest that Mfs Intermediate Highome Fund is progressively becoming less dependent on debt to grow their business.

Mfs Intermediate Highome Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mfs Intermediate Highome Fund's LT-Debt-to-Total-Asset 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.

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Mfs Intermediate Highome Fund LT-Debt-to-Total-Asset Chart

Mfs Intermediate Highome Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.28

0.29

0.31

Mfs Intermediate Highome Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.29	0.31	0.31	0.30	0.31

Mfs Intermediate Highome Fund LT-Debt-to-Total-Asset Calculation

Mfs Intermediate Highome Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	15	/	49.213
	=	0.30

Mfs Intermediate Highome Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (Q: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2023 )	/	Total Assets (Q: Nov. 2023 )
	=	15	/	49.213
	=	0.30

Mfs Intermediate Highome Fund (NYSE:CIF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Mfs Intermediate Highome Fund LT-Debt-to-Total-Asset Related Terms

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Mfs Intermediate Highome Fund (Mfs Intermediate Highome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mfs Intermediate High Income Fund (NYSE:CIF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Huntington Avenue, Boston, MA, USA, 02199

Website

https://www.mfs.com

Mfs Intermediate High Income Fund is a United States based diversified closed-end management investment company. Its investment objective is to seek high current income but may also consider capital appreciation. The fund invests a majority of its net assets, including borrowings for investment purposes, in high-income debt instruments. Its portfolio of investments includes investment in different sectors such as aerospace, automotive, broadcasting, building, business services, cable TV, chemicals, construction, and other sectors.

Executives

Linda Dougherty	other: OFFICER OF ADVISOR	111 HUNTINGTON AVENUE, BOSTON MA 02199
Rosa Licea-mailloux	other: CHIEF COMPLIANCE OFFICER	111 HUNTINGTON AVENUE, BOSTON MA 02199
Manjit Singh	director	111 HUNTINGTON AVENUE, BOSTON MA 02072
Jacques Jr Goulet	other: OFFICER OF ADVISOR	111 HUNTINGTON AVENUE, BOSTON MA 02199
Melissa Kennedy	other: OFFICER OF ADVISOR	111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman	director	111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney	officer: Officer of Advisor	111 HUNTINGTON AVENUE, BOSTON MA 02199
Peter Darrell Jones	director	111 HUNTINGTON AVENUE, BOSTON MA 02199
Michael Skatrud	other: Portfolio Manager	MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 01760
Carol W. Geremia	officer: PRESIDENT	111 HUNTINGTON AVENUE, BOSTON MA 02199
Kevin D Strain	other: Officer of Advisor	MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Clarence Jr Otis	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John A Caroselli	director	ONE METROTECH CENTER, BROOKLYN NY 11201
Heidi Hardin	officer: Secretary	MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Christopher R. Bohane	officer: Assistant Secretary	111 HUNTINGTON AVENUE, BOSTON MA 02199

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