MFS Municipal Income Trust

MFS Municipal Income Trustverified

MFM

Price:

$5.725

Market Cap:

$235.80M

MFS Municipal Income 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. MFS Municipal Income Trust was founded in November 25, 1986 and and is domiciled in United States.[Read more]

Industry

Asset Management - Income

IPO Date

1986-11-18

Stock Exchange

NYSE

Ticker

MFM

The Current Ratio as of September 2024 (TTM) for MFS Municipal Income Trust (MFM) is 0.05

According to MFS Municipal Income Trust’s latest financial reports and current stock price. The company's current Current Ratio is 0.05. This represents a change of -83.13% compared to the average of 0.28 of the last 4 quarters.

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

How has MFM Current Ratio performed in the past?

The mean historical Current Ratio of MFS Municipal Income Trust over the last ten years is 1.86. The current 0.05 Current Ratio has changed 150.00% with respect to the historical average. Over the past ten years (40 quarters), MFM's Current Ratio was at its highest in in the January 2020 quarter at 13.70. The Current Ratio was at its lowest in in the January 2023 quarter at 0.05.

Quarterly (TTM)
Annual

Average

1.86

Median

1.02

Minimum

0.05

Maximum

6.24

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

Discovering the peaks and valleys of MFS Municipal Income 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 = 13.21%

Maximum Annual Current Ratio = 6.24

Minimum Annual Increase = -92.42%

Minimum Annual Current Ratio = 0.05

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.96-63.38%
20222.6391.10%
20211.38-68.99%
20204.44-28.74%
20196.2413.21%
20180.05-92.42%
20170.62-28.42%
20160.86-19.51%
20151.07178.12%
20140.39-22.66%

MFS Municipal Income Trust (MFM) Average Current Ratio

How has MFM Current Ratio performed in the past?

The current Current Ratio of MFS Municipal Income Trust (MFM) 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

1.66

5-year avg

3.13

10-year avg

1.86

MFS Municipal Income Trust (MFM) Current Ratio vs. Peers

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

MFS Municipal Income Trust’s Current Ratio is less than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than Eaton Vance National Municipal Opportunities Trust (0), greater than Invesco High Income 2024 Target Term Fund (0), less than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than Nuveen California Select Tax-Free Income Portfolio (3.34), less than MFS Investment Grade Municipal Trust (3.11), less than Federated Hermes Premier Municipal Income Fund (4.36), less than BlackRock MuniYield Quality Fund, Inc. (1.03), less than BlackRock MuniYield Quality Fund II, Inc. (0.17), less than MFS High Income Municipal Trust (4.29), greater than John Hancock Income Securities Trust (0), less than BlackRock MuniHoldings Fund, Inc. (0.31), less than MFS High Yield Municipal Trust (4.15), less than DTF Tax-Free Income 2028 Term Fund Inc. (1.46), less than MFS Government Markets Income Trust (0.39),

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