MFS High Income Municipal Trust

MFS High Income Municipal Trustverified

CXE

Price:

$3.96

Market Cap:

$124.84M

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial High Income Municipal Trust. MFS High Income Municipal Trust was formed on February 17, 1989 and is domiciled in United States.[Read more]

Industry

Asset Management - Income

IPO Date

1989-02-17

Stock Exchange

NYSE

Ticker

CXE

The Current Ratio as of September 2024 (TTM) for MFS High Income Municipal Trust (CXE) is 4.29

According to MFS High Income Municipal Trust’s latest financial reports and current stock price. The company's current Current Ratio is 4.29. This represents a change of 46.21% compared to the average of 2.93 of the last 4 quarters.

MFS High Income Municipal Trust (CXE) Historical Current Ratio (quarterly & annually)

How has CXE Current Ratio performed in the past?

The mean historical Current Ratio of MFS High Income Municipal Trust over the last ten years is 5.20. The current 4.29 Current Ratio has changed 8.14% with respect to the historical average. Over the past ten years (40 quarters), CXE's Current Ratio was at its highest in in the August 2014 quarter at 13.61. The Current Ratio was at its lowest in in the August 2021 quarter at 0.62.

Quarterly (TTM)
Annual

Average

5.20

Median

4.23

Minimum

0.63

Maximum

13.61

MFS High Income Municipal Trust (CXE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MFS High Income 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 = 553.60%

Maximum Annual Current Ratio = 13.61

Minimum Annual Increase = -86.59%

Minimum Annual Current Ratio = 0.63

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.61-60.81%
20224.11553.60%
20210.63-86.59%
20204.69-64.11%
201913.06437.48%
20182.439.49%
20172.22-48.96%
20164.35-18.21%
20155.32-60.94%
201413.61185.39%

MFS High Income Municipal Trust (CXE) Average Current Ratio

How has CXE Current Ratio performed in the past?

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

3-year avg

2.12

5-year avg

4.82

10-year avg

5.20

MFS High Income Municipal Trust (CXE) Current Ratio vs. Peers

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

MFS High Income Municipal Trust’s Current Ratio is greater than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than MFS Investment Grade Municipal Trust (3.11), greater than Eaton Vance National Municipal Opportunities Trust (0), greater than Invesco High Income 2024 Target Term Fund (0), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), greater than Nuveen California Select Tax-Free Income Portfolio (3.34), greater than BlackRock MuniVest Fund II, Inc. (0.27), greater than DTF Tax-Free Income 2028 Term Fund Inc. (1.46), greater than John Hancock Income Securities Trust (0), greater than BlackRock MuniHoldings Fund, Inc. (0.31), greater than MFS High Yield Municipal Trust (4.15), greater than Nuveen Preferred and Income Fund (2.30),

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