MFS High Yield Municipal Trust

MFS High Yield Municipal Trustverified

CMU

Price:

$3.65

Market Cap:

$93.05M

MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial Municipal Income Trust. MFS High Yield Municipal Trust was founded in March 19, 1987 and is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

1987-03-19

Stock Exchange

NYSE

Ticker

CMU

The Current Ratio as of September 2024 (TTM) for MFS High Yield Municipal Trust (CMU) is 4.15

According to MFS High Yield Municipal Trust’s latest financial reports and current stock price. The company's current Current Ratio is 4.15. This represents a change of 53.72% compared to the average of 2.70 of the last 4 quarters.

MFS High Yield Municipal Trust (CMU) Historical Current Ratio (quarterly & annually)

How has CMU Current Ratio performed in the past?

The mean historical Current Ratio of MFS High Yield Municipal Trust over the last ten years is 3.65. The current 4.15 Current Ratio has changed 11.26% with respect to the historical average. Over the past ten years (40 quarters), CMU's Current Ratio was at its highest in in the August 2019 quarter at 9.51. The Current Ratio was at its lowest in in the May 2020 quarter at 0.18.

Quarterly (TTM)
Annual

Average

3.65

Median

3.16

Minimum

0.29

Maximum

12.51

MFS High Yield Municipal Trust (CMU) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MFS High Yield Municipal Trust Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.21%

Maximum Annual Current Ratio = 12.51

Minimum Annual Increase = -93.12%

Minimum Annual Current Ratio = 0.29

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.28-70.03%
20224.28466.79%
20210.75-83.53%
20204.58-63.40%
201912.512.21%
20180.5487.81%
20170.29-93.12%
20164.18-29.60%
20155.94178.29%
20142.13-51.34%

MFS High Yield Municipal Trust (CMU) Average Current Ratio

How has CMU Current Ratio performed in the past?

The current Current Ratio of MFS High Yield Municipal Trust (CMU) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

2.10

5-year avg

4.68

10-year avg

3.65

MFS High Yield Municipal Trust (CMU) Current Ratio vs. Peers

How is CMU’s Current Ratio compared to its peers?

MFS High Yield Municipal Trust’s Current Ratio is greater than MFS Investment Grade Municipal Trust (3.11), greater than MFS Municipal Income Trust (0.05), greater than DTF Tax-Free Income 2028 Term Fund Inc. (1.46), greater than MFS Government Markets Income Trust (0.39), greater than Invesco High Income 2024 Target Term Fund (0), greater than Eaton Vance National Municipal Opportunities Trust (0), greater than Nuveen California Select Tax-Free Income Portfolio (3.34), less than Federated Hermes Premier Municipal Income Fund (4.36), greater than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than Invesco High Income 2023 Target Term Fund (8.71), greater than Nuveen Corporate Income 2023 Target Term Fund (0.27),

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