EVM (Eaton Vance California Municipal Bond Fund) Financial Strength : 4 (As of Sep. 2024)

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What is Eaton Vance California Municipal Bond Fund Financial Strength?

Eaton Vance California Municipal Bond Fund has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Eaton Vance California Municipal Bond Fund's interest coverage with the available data. Eaton Vance California Municipal Bond Fund's debt to revenue ratio for the quarter that ended in Sep. 2024 was 19.92. Altman Z-Score does not apply to banks and insurance companies.

Eaton Vance California Municipal Bond Fund Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Eaton Vance California Municipal Bond Fund's Interest Expense for the months ended in Sep. 2024 was $-1.68 Mil. Its Operating Income for the months ended in Sep. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $327.23 Mil.

Eaton Vance California Municipal Bond Fund's Interest Coverage for the quarter that ended in Sep. 2024 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Eaton Vance California Municipal Bond Fund's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Sep. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	327.226)	/	16.43
	=	19.92

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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 California Municipal Bond Fund (AMEX:EVM) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Eaton Vance California Municipal Bond Fund has the Financial Strength Rank of 4.

Eaton Vance California Municipal Bond Fund Financial Strength Related Terms

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Eaton Vance California Municipal Bond Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eaton Vance California Municipal Bond Fund (AMEX:EVM) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.eatonvance.com

Eaton Vance California Municipal Bond Fund is an investment company with an objective to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The company provides its solutions to individual investors, institutional investors, high net worth individuals, family office investors, and financial professionals. It offers a range of equity, income, and alternative strategies to institutional investors, both in the United States and internationally.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Kenneth A Topping	officer: President	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Carl Thompson	other: Portfolio Manager	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr	other: Management Committee of Eaton	255 STATE STREET, BOSTON MA 02109
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
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
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
Trevor G Smith	officer: Portfolio Manager	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Keith Quinton	other: Trustee	TWO INTERNATIONAL PLACE, BOSTON MA 02110