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Eaton Vance Municipal Bond Fund (Eaton Vance Municipal Bond Fund) Equity-to-Asset : 0.66 (As of Sep. 2023)


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What is Eaton Vance Municipal Bond Fund Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Eaton Vance Municipal Bond Fund's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $749.92 Mil. Eaton Vance Municipal Bond Fund's Total Assets for the quarter that ended in Sep. 2023 was $1,145.59 Mil. Therefore, Eaton Vance Municipal Bond Fund's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.66.

The historical rank and industry rank for Eaton Vance Municipal Bond Fund's Equity-to-Asset or its related term are showing as below:

EIM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.56   Med: 0.6   Max: 0.66
Current: 0.66

During the past 13 years, the highest Equity to Asset Ratio of Eaton Vance Municipal Bond Fund was 0.66. The lowest was 0.56. And the median was 0.60.

EIM's Equity-to-Asset is ranked worse than
67.77% of 1725 companies
in the Asset Management industry
Industry Median: 0.83 vs EIM: 0.66

Eaton Vance Municipal Bond Fund Equity-to-Asset Historical Data

The historical data trend for Eaton Vance Municipal Bond Fund's Equity-to-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.

* Premium members only.

Eaton Vance Municipal Bond Fund Equity-to-Asset Chart

Eaton Vance Municipal Bond Fund Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.57 0.59 0.56 0.66

Eaton Vance Municipal Bond Fund Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Equity-to-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 0.59 0.57 0.56 0.62 0.66

Competitive Comparison of Eaton Vance Municipal Bond Fund's Equity-to-Asset

For the Asset Management subindustry, Eaton Vance Municipal Bond Fund's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Eaton Vance Municipal Bond Fund's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eaton Vance Municipal Bond Fund's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Eaton Vance Municipal Bond Fund's Equity-to-Asset falls into.



Eaton Vance Municipal Bond Fund Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Eaton Vance Municipal Bond Fund's Equity to Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Equity to Asset (A: Sep. 2023 )=Total Stockholders Equity/Total Assets
=749.918/1145.593
=0.65

Eaton Vance Municipal Bond Fund's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=749.918/1145.593
=0.65

* 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 Municipal Bond Fund  (AMEX:EIM) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Eaton Vance Municipal Bond Fund Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Eaton Vance Municipal Bond Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Eaton Vance Municipal Bond Fund (Eaton Vance Municipal Bond Fund) Business Description

Traded in Other Exchanges
N/A
Address
Two International Place, Boston, MA, USA, 02110
Eaton Vance Municipal Bond Fund is a non-diversified closed-end management investment company. It consists of Municipal bond fund, California municipal bond fund, and New York municipal bond fund. The company's investment objective is to provide current income exempt from regular federal income tax, alternative minimum tax, and taxes in specified states. Its investment plan is to invest in higher quality bonds.
Executives
Kenneth A Topping officer: President TWO INTERNATIONAL PLACE, BOSTON MA 02110
Faust Thomas E Jr other: Management Committee of Eaton 255 STATE STREET, BOSTON MA 02109
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
Craig R Brandon other: Insider and Officer 255 STATE STREET, BOSTON MA 02109
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
George W Karpus 10 percent owner
Karpus Management, Inc. 10 percent owner 183 SULLY'S TRAIL, PITTSFORD NY 14534
Marcus L. Smith other: Trustee 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202