ETX (Eaton Vance Municipalome 2028 Term Trust) LT-Debt-to-Total-Asset : 0.07 (As of Jul. 2024)

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What is Eaton Vance Municipalome 2028 Term Trust 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. Eaton Vance Municipalome 2028 Term Trust's long-term debt to total assests ratio for the quarter that ended in Jul. 2024 was 0.07.

Eaton Vance Municipalome 2028 Term Trust's long-term debt to total assets ratio declined from Jul. 2023 (0.25) to Jul. 2024 (0.07). It may suggest that Eaton Vance Municipalome 2028 Term Trust is progressively becoming less dependent on debt to grow their business.

Eaton Vance Municipalome 2028 Term Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eaton Vance Municipalome 2028 Term Trust'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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Eaton Vance Municipalome 2028 Term Trust LT-Debt-to-Total-Asset Chart

Eaton Vance Municipalome 2028 Term Trust Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.35

0.32

0.13

Eaton Vance Municipalome 2028 Term Trust Semi-Annual Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.35	0.32	0.25	0.13	0.07

Eaton Vance Municipalome 2028 Term Trust LT-Debt-to-Total-Asset Calculation

Eaton Vance Municipalome 2028 Term Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	30.02	/	239.256
	=	0.13

Eaton Vance Municipalome 2028 Term Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2024 is calculated as

LT Debt to Total Assets (Q: Jul. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2024 )	/	Total Assets (Q: Jul. 2024 )
	=	14.67	/	222.387
	=	0.07

Eaton Vance Municipalome 2028 Term Trust (NYSE:ETX) 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.

Eaton Vance Municipalome 2028 Term Trust LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Eaton Vance Municipalome 2028 Term Trust's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Eaton Vance Municipalome 2028 Term Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Post Office Square, Boston, MA, USA, 02109

Website

https://www.eatonvance.com

Eaton Vance Municipal Income 2028 Term Trust is a closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax. The fund invests in various sectors such as a bond bank, education, housing, electric utilities, transportation, and others.

Executives

Kenneth A Topping	officer: President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Anchal Pachnanda	officer: Officer	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alan C. Bowser	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nicholas Dilorenzo	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Nancy A Wiser	other: Trustee	WELLS FARGO FUNDS MANAGEMENT, 200 BERKELEY STREET, 19TH FLOOR, BOSTON MA 02116
Jill Damon	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Julie P Callahan	other: Portfolio Manager	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Kimberly M Roessiger	officer: Secretary	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Deidre E Walsh	officer: Vice President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Eric Stein	officer: President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Marcus L. Smith	other: Trustee	555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Froio Richard F Sr	officer: Chief Compliance Officer	C/O BISYS FUND SERVICES, 60 STATE ST., BOSTON MA 02129
Craig R Brandon	other: Portfolio Manager	255 STATE STREET, BOSTON MA 02109
Mark R Fetting	other: Trustee	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202

Eaton Vance Municipalome 2028 Term Trust Headlines

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