Western Asset Municipal Partners Fund Inc.

Western Asset Municipal Partners Fund Inc.verified

MNP

Price:

$10.58

Market Cap:

$102.83M

Western Asset Municipal Partners Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in fixed income markets of the United States. The fund primarily invests in investment grade tax exempt securities issued by municipalities. It benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. The fund was formerly known as the Salomon Brothers Municipal Partners Fund. Western Asset Municipal Partners Fund Inc. was formed on January 29, 1993 and is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

1993-01-22

Stock Exchange

NYSE

Ticker

MNP

The Current Ratio as of December 2024 (TTM) for Western Asset Municipal Partners Fund Inc. (MNP) is 1.18

According to Western Asset Municipal Partners Fund Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.18. This represents a change of -54.39% compared to the average of 2.59 of the last 4 quarters.

Western Asset Municipal Partners Fund Inc. (MNP) Historical Current Ratio (quarterly & annually)

How has MNP Current Ratio performed in the past?

The mean historical Current Ratio of Western Asset Municipal Partners Fund Inc. over the last ten years is 1.35. The current 1.18 Current Ratio has changed 8.65% with respect to the historical average. Over the past ten years (40 quarters), MNP's Current Ratio was at its highest in in the May 2023 quarter at 6.62. The Current Ratio was at its lowest in in the May 2016 quarter at 0.

Quarterly (TTM)
Annual

Average

1.35

Median

1.18

Minimum

0

Maximum

3.69

Western Asset Municipal Partners Fund Inc. (MNP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Western Asset Municipal Partners 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 = Infinity%

Maximum Annual Current Ratio = 3.69

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20221.18118.17%
20210.54-74.66%
20202.1413.75%
20191.88-4.04%
20181.96-46.90%
20173.69Infinity%
20160-100.00%
20150.26-47.82%

Western Asset Municipal Partners Fund Inc. (MNP) Average Current Ratio

How has MNP Current Ratio performed in the past?

The current Current Ratio of Western Asset Municipal Partners Fund Inc. (MNP) 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

1.29

5-year avg

1.54

10-year avg

1.35

Western Asset Municipal Partners Fund Inc. (MNP) Current Ratio vs. Peers

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

Western Asset Municipal Partners Fund Inc.’s Current Ratio is less than Eagle Point Income Company Inc. (5.66), less than Nuveen New York Municipal Value Fund (6.30), less than MFS High Income Municipal Trust (4.29), less than MFS High Yield Municipal Trust (4.15), greater than BlackRock Municipal Income Fund, Inc. (0.03), greater than Eaton Vance Municipal Bond Fund (0), greater than BlackRock MuniYield New York Quality Fund, Inc. (0), greater than BlackRock MuniHoldings Quality Fund II, Inc. (0.13), greater than DTF Tax-Free Income 2028 Term Fund Inc. (0), greater than John Hancock Income Securities Trust (0), greater than BlackRock MuniYield Quality Fund II, Inc. (0.17), less than MFS Investment Grade Municipal Trust (3.11), less than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than BlackRock MuniHoldings Fund, Inc. (0.31), greater than Eaton Vance National Municipal Opportunities Trust (0), greater than Invesco High Income 2024 Target Term Fund (0),

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