Pioneer Municipal Highome Trust (Pioneer Municipal Highome Trust) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is Pioneer Municipal Highome Trust Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Pioneer Municipal Highome Trust's cash to debt ratio for the quarter that ended in Oct. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Pioneer Municipal Highome Trust could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Pioneer Municipal Highome Trust's Cash-to-Debt or its related term are showing as below:

MHI' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 6 years, Pioneer Municipal Highome Trust's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

MHI's Cash-to-Debt is ranked better than
99.93% of 1466 companies
in the Asset Management industry
Industry Median: 5.845 vs MHI: No Debt

Pioneer Municipal Highome Trust Cash-to-Debt Historical Data

The historical data trend for Pioneer Municipal Highome Trust's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Pioneer Municipal Highome Trust Cash-to-Debt Chart

Pioneer Municipal Highome Trust Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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N/A

No Debt

Pioneer Municipal Highome Trust Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Pioneer Municipal Highome Trust's Cash-to-Debt

For the Asset Management subindustry, Pioneer Municipal Highome Trust's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pioneer Municipal Highome Trust's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Municipal Highome Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Pioneer Municipal Highome Trust's Cash-to-Debt falls into.

Pioneer Municipal Highome Trust Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Pioneer Municipal Highome Trust's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

Pioneer Municipal Highome Trust had no debt ⁽¹⁾.

Pioneer Municipal Highome Trust's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Pioneer Municipal Highome Trust had no debt ⁽¹⁾.

Pioneer Municipal Highome Trust (NYSE:MHI) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Pioneer Municipal Highome Trust Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Pioneer Municipal Highome Trust's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Municipal Highome Trust (Pioneer Municipal Highome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Municipal High Income Trust (NYSE:MHI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Municipal High Income Trust is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income exempt from regular federal income tax and capital appreciation. The trust invests in various sectors such as health, education, tobacco, facilities, transportation, utilities, airport, water, and other sectors.

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
Craig C Mackay	officer: Trustee	75 WEST 125TH STREET, NEW YORK NY 10027
Mark Edward Bradley	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
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 & Company/mn	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Wfc Holdings Corp	10 percent owner	420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Wells Fargo Municipal Capital Strategies, Llc	10 percent owner	375 PARK AVENUE, NEW YORK NY 10152