EVY (Eaton Vance NY Muniome Trust) LT-Debt-to-Total-Asset: 0.32 (As of May. 2021)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

EVY Eaton Vance NY Muni Income Trust EVY
16 GF Score
Price $15.17
View Full Analysis

What is Eaton Vance NY Muniome Trust LT-Debt-to-Total-Asset?

Eaton Vance NY Muniome Trust EVY 16 LT-Debt-to-Total-Asset is 0.32 as of May. 2021. GuruFocus rates EVY with a GF Score™ of 16/100.

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 NY Muniome Trust's long-term debt to total assests ratio for the quarter that ended in May. 2021 was 0.32.

Eaton Vance NY Muniome Trust's long-term debt to total assets ratio declined from May. 2020 (0.37) to May. 2021 (0.32). It may suggest that Eaton Vance NY Muniome Trust is progressively becoming less dependent on debt to grow their business.

Eaton Vance NY Muniome Trust  (AMEX:EVY) 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 NY Muniome Trust LT-Debt-to-Total-Asset Related Terms

Eaton Vance NY Muniome Trust LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Eaton Vance NY Muniome 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.

Eaton Vance NY Muniome Trust LT-Debt-to-Total-Asset Chart

Eaton Vance NY Muniome Trust Annual Data
Trend Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.13 0.37 0.36 0.35

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
LT-Debt-to-Total-Asset 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 0.36 0.36 0.37 0.35 0.32
EVY
16GF Score
Eaton Vance NY Muni Income Trust EVY
LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eaton Vance NY Muniome Trust LT-Debt-to-Total-Asset Calculation

Eaton Vance NY Muniome Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2020 is calculated as

LT Debt to Total Assets (A: Nov. 2020 )=Long-Term Debt & Capital Lease Obligation (A: Nov. 2020 )/Total Assets (A: Nov. 2020 )
=43.724/124.869
=0.35

Eaton Vance NY Muniome Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2021 is calculated as

LT Debt to Total Assets (Q: May. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2021 )/Total Assets (Q: May. 2021 )
=40.531/125.493
=0.32

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.32 mean?
Eaton Vance NY Muniome Trust (EVY) has a LT-Debt-to-Total-Asset of 0.32 as of May. 2021. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Eaton Vance NY Muniome Trust and its competitors.
Is Eaton Vance NY Muniome Trust's LT-Debt-to-Total-Asset too high?
Eaton Vance NY Muniome Trust's current LT-Debt-to-Total-Asset is 0.32. 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 LT-Debt-to-Total-Asset compare to OCCI and JEQ?
Eaton Vance NY Muniome Trust's LT-Debt-to-Total-Asset of 0.32 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 LT-Debt-to-Total-Asset for an Asset Management company?
A good LT-Debt-to-Total-Asset depends on the Asset Management industry context. However, LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Eaton Vance NY Muniome Trust and its competitors. Eaton Vance NY Muniome Trust's current LT-Debt-to-Total-Asset is 0.32. 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 LT-Debt-to-Total-Asset of 0.32. The current LT-Debt-to-Total-Asset is 0.32. 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 LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Eaton Vance NY Muniome Trust (EVY), the current LT-Debt-to-Total-Asset is 0.32 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

Get the complete analysis for EVY

LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.17
Price