Western Asset High Income Opportunity Fund Inc.

Western Asset High Income Opportunity Fund Inc.verified

HIO

Price:

$4.035

Market Cap:

$383.73M

Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It seeks to invest in high-yielding corporate debt obligations. The fund seeks to maintain an average duration of around four years with an average credit quality of B. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. The fund was formerly known as High Income Opportunity Fund. Western Asset High Income O...[Read more]

Industry

Asset Management - Income

IPO Date

1993-11-16

Stock Exchange

NYSE

Ticker

HIO

The Current Ratio as of September 2024 (TTM) for Western Asset High Income Opportunity Fund Inc. (HIO) is 0.65

According to Western Asset High Income Opportunity Fund Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.65. This represents a change of -37.11% compared to the average of 1.04 of the last 4 quarters.

Western Asset High Income Opportunity Fund Inc. (HIO) Historical Current Ratio (quarterly & annually)

How has HIO Current Ratio performed in the past?

The mean historical Current Ratio of Western Asset High Income Opportunity Fund Inc. over the last ten years is 1.32. The current 0.65 Current Ratio has changed 4.86% with respect to the historical average. Over the past ten years (40 quarters), HIO's Current Ratio was at its highest in in the December 2014 quarter at 4.47. The Current Ratio was at its lowest in in the September 2019 quarter at 0.54.

Quarterly (TTM)
Annual

Average

1.32

Median

1.37

Minimum

0.54

Maximum

1.80

Western Asset High Income Opportunity Fund Inc. (HIO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Western Asset High Income Opportunity Fund Inc. 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 = 113.48%

Maximum Annual Current Ratio = 1.80

Minimum Annual Increase = -69.23%

Minimum Annual Current Ratio = 0.54

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.476.69%
20221.38-18.89%
20211.70113.48%
20200.8048.42%
20190.54-69.23%
20181.7539.63%
20171.2513.58%
20161.10-19.09%
20151.36-24.33%
20141.8057.06%

Western Asset High Income Opportunity Fund Inc. (HIO) Average Current Ratio

How has HIO Current Ratio performed in the past?

The current Current Ratio of Western Asset High Income Opportunity Fund Inc. (HIO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.52

5-year avg

1.18

10-year avg

1.32

Western Asset High Income Opportunity Fund Inc. (HIO) Current Ratio vs. Peers

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

Western Asset High Income Opportunity Fund Inc.’s Current Ratio is greater than Western Asset Global Corporate Defined Opportunity Fund Inc. (0), greater than Western Asset Global High Income Fund Inc. (0.10), greater than The European Equity Fund, Inc. (0), less than John Hancock Investments - John Hancock Tax-Advantaged Global Shareholder Yield Fund (1.97), greater than Western Asset High Income Fund II Inc. (0.56), greater than Western Asset High Yield Defined Opportunity Fund Inc. (0), greater than BlackRock Debt Strategies Fund, Inc. (0.07), less than Western Asset Diversified Income Fund (2.95), less than BNY Mellon High Yield Strategies Fund (1.23), greater than Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (0), greater than Virtus Convertible & Income Fund II (0.26), less than Invesco Bond Fund (1.11), less than Voya Global Equity Dividend and Premium Opportunity Fund (53.20), greater than Western Asset Investment Grade Income Fund Inc. (0), less than Special Opportunities Fund, Inc. (1.57), greater than Eaton Vance Risk-Managed Diversified Equity Income Fund (0), greater than Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (0), less than BlackRock MuniVest Fund, Inc. (1.56), greater than Neuberger Berman MLP and Energy Income Fund Inc. (0),

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