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MFM (MFS Municipalome Trust) Equity-to-Asset : 0.67 (As of Apr. 2024)


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What is MFS Municipalome Trust Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MFS Municipalome Trust's Total Stockholders Equity for the quarter that ended in Apr. 2024 was $243.46 Mil. MFS Municipalome Trust's Total Assets for the quarter that ended in Apr. 2024 was $362.50 Mil. Therefore, MFS Municipalome Trust's Equity to Asset Ratio for the quarter that ended in Apr. 2024 was 0.67.

The historical rank and industry rank for MFS Municipalome Trust's Equity-to-Asset or its related term are showing as below:

MFM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64   Med: 0.7   Max: 0.72
Current: 0.67

During the past 7 years, the highest Equity to Asset Ratio of MFS Municipalome Trust was 0.72. The lowest was 0.64. And the median was 0.70.

MFM's Equity-to-Asset is ranked worse than
66.55% of 1716 companies
in the Asset Management industry
Industry Median: 0.83 vs MFM: 0.67

MFS Municipalome Trust Equity-to-Asset Historical Data

The historical data trend for MFS Municipalome Trust'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.

MFS Municipalome Trust Equity-to-Asset Chart

MFS Municipalome Trust Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Equity-to-Asset
Get a 7-Day Free Trial 0.72 0.72 0.72 0.66 0.64

MFS Municipalome Trust Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
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 0.69 0.66 0.68 0.64 0.67

Competitive Comparison of MFS Municipalome Trust's Equity-to-Asset

For the Asset Management subindustry, MFS Municipalome Trust'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.


MFS Municipalome Trust's Equity-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, MFS Municipalome Trust's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where MFS Municipalome Trust's Equity-to-Asset falls into.



MFS Municipalome Trust 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.

MFS Municipalome Trust's Equity to Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Equity to Asset (A: Oct. 2023 )=Total Stockholders Equity/Total Assets
=216.787/336.578
=0.64

MFS Municipalome Trust's Equity to Asset Ratio for the quarter that ended in Apr. 2024 is calculated as

Equity to Asset (Q: Apr. 2024 )=Total Stockholders Equity/Total Assets
=243.46/362.495
=0.67

* 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.


MFS Municipalome Trust  (NYSE:MFM) 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%.


MFS Municipalome Trust Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of MFS Municipalome Trust's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


MFS Municipalome Trust Business Description

Traded in Other Exchanges
N/A
Address
111 Huntington Avenue, Boston, MA, USA, 02199
MFS Municipal Income Trust is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.
Executives
Linda Dougherty other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Rosa Licea-mailloux other: CHIEF COMPLIANCE OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Michael L Dawson other: PORTFOLIO MANAGER 500 BOYLSTON STREET, BOSTON MA 02116
Robert J Manning director 1201 THIRD AVE, STE 4900, SEATTLE WA 98101
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Manjit Singh director 111 HUNTINGTON AVENUE, BOSTON MA 02072
Jason Kosty other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Jacques Jr Goulet other: ADVISOR TO OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Melissa Kennedy other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney officer: Officer of Advisor 111 HUNTINGTON AVENUE, BOSTON MA 02199
Peter Darrell Jones director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Carol W. Geremia officer: PRESIDENT 111 HUNTINGTON AVENUE, BOSTON MA 02199
Kevin D Strain other: Officer of Advisor MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Clarence Jr Otis director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036

MFS Municipalome Trust Headlines

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