Pioneer Muni Highome Advantage Tr (Pioneer Muni Highome Advantage Tr) Financial Strength : 6 (As of Sep. 2023)

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What is Pioneer Muni Highome Advantage Tr Financial Strength?

Pioneer Muni Highome Advantage Tr has the Financial Strength Rank of 6.

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 Pioneer Muni Highome Advantage Tr's interest coverage with the available data. Pioneer Muni Highome Advantage Tr's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.00. Altman Z-Score does not apply to banks and insurance companies.

Pioneer Muni Highome Advantage Tr 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:

Pioneer Muni Highome Advantage Tr's Interest Expense for the months ended in Sep. 2023 was $-3.81 Mil. Its Operating Income for the months ended in Sep. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

Pioneer Muni Highome Advantage Tr's Interest Coverage for the quarter that ended in Sep. 2023 is

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Pioneer Muni High Income Advantage Tr has enough cash to cover all of its debt. Its financial situation is stable.

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

Pioneer Muni Highome Advantage Tr's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Sep. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	-50.964
	=	0.00

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.

Pioneer Muni Highome Advantage Tr (NYSE:MAV) 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.

Pioneer Muni Highome Advantage Tr has the Financial Strength Rank of 6.

Pioneer Muni Highome Advantage Tr Financial Strength Related Terms

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Pioneer Muni Highome Advantage Tr (Pioneer Muni Highome Advantage Tr) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Muni High Income Advantage Tr (NYSE:MAV) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Muni High Income Advantage Tr is a closed-end fund designed to pursue high current income exempt from regular federal income tax and to seek capital appreciation. The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. Geographically, its activities are carried out through the United States.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Diane Durnin	other: Trustee	60 STATE STREET, BOSTON MA 02109
Baumgardner John E Jr.	other: Trustee	60 STATE STREET, BOSTON MA 02109
Mark Edward Bradley	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
John Michael Malone	officer: Chief Compliance Officer	60 STATE STREET, BOSTON MA 02019
Group Ag Ubs	10 percent owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Wells Fargo Municipal Capital Strategies, Llc	10 percent owner	375 PARK AVENUE, NEW YORK NY 10152
Wfc Holdings Corp	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Wells Fargo & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255