Putnam Premier Income Trust

Putnam Premier Income Trustverified

PPT

Price:

$3.73

Market Cap:

$359.08M

Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation. It benchmarks the performance of its portfolio against the Barclays Capital Government Bond Index. Putnam Premier Income Trust was formed on February 29, 1988 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

1988-02-19

Stock Exchange

NYSE

Ticker

PPT

The Current Ratio as of September 2024 (TTM) for Putnam Premier Income Trust (PPT) is 0.28

According to Putnam Premier Income Trust’s latest financial reports and current stock price. The company's current Current Ratio is 0.28. This represents a change of 9.52% compared to the average of 0.26 of the last 4 quarters.

Putnam Premier Income Trust (PPT) Historical Current Ratio (quarterly & annually)

How has PPT Current Ratio performed in the past?

The mean historical Current Ratio of Putnam Premier Income Trust over the last ten years is 1.23. The current 0.28 Current Ratio has changed 2.21% with respect to the historical average. Over the past ten years (40 quarters), PPT's Current Ratio was at its highest in in the January 2018 quarter at 0.84. The Current Ratio was at its lowest in in the July 2019 quarter at 0.09.

Quarterly (TTM)
Annual

Average

1.23

Median

0.28

Minimum

0.09

Maximum

9.54

Putnam Premier Income Trust (PPT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Putnam Premier 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 = 2.44%

Maximum Annual Current Ratio = 9.54

Minimum Annual Increase = -98.44%

Minimum Annual Current Ratio = 0.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.21-64.50%
20220.59109.15%
20210.2853.52%
20200.18108.19%
20190.09-67.75%
20180.27-61.03%
20170.71132.15%
20160.30104.75%
20150.15-98.44%
20149.542.44%

Putnam Premier Income Trust (PPT) Average Current Ratio

How has PPT Current Ratio performed in the past?

The current Current Ratio of Putnam Premier Income Trust (PPT) is less than than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

0.36

5-year avg

0.27

10-year avg

1.23

Putnam Premier Income Trust (PPT) Current Ratio vs. Peers

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

Putnam Premier Income Trust’s Current Ratio is less than MFS High Yield Municipal Trust (4.15), less than MFS High Income Municipal Trust (4.29), greater than BlackRock MuniHoldings Quality Fund II, Inc. (0.10), greater than MFS Charter Income Trust (0.08), greater than MFS Municipal Income Trust (0.05), greater than BlackRock MuniYield Quality Fund III, Inc. (0.12), less than Invesco Municipal Income Opportunities Trust (46.22), less than MFS Intermediate Income Trust (0.96), less than BlackRock MuniYield Quality Fund, Inc. (1.03), less than MFS Investment Grade Municipal Trust (3.11), greater than Eaton Vance National Municipal Opportunities Trust (0), greater than BlackRock MuniVest Fund II, Inc. (0.27), 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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