Western Asset High Income Fund II
Financial ratios & Valuation

Historical Multiples (2016 – 2022)

2016 2017 2019 2020 2022 TTM Median
Valuation Ratios
Price/Earnings ratio
-11.045.4815.60-10.22-7.823.839.71
Price/Sales ratio
8.119.4415.33-10.67-7.9411.4213.38
Price/Book Value ratio
0.960.950.960.930.930.940.95
Price/Cash Flow ratio
7.5510.5921.216.159.74-3.1513.68
Price/Free Cash Flow ratio
7.5510.5921.216.159.74-3.1513.68
Price/Earnings Growth ratio
-0.01-0.010.110.040.050.030.07
Dividend Yield
10.96%9.45%7.81%9.87%10.17%13.90%8.63%
Profitability Indicator Ratios
Gross Profit Margin
100%100%81.81%-136.79%111.98%87.94%84.88%
Operating Profit Margin
89.49%88.41%134.30%-117.31%-82.15%79.72%107.01%
Pretax Profit Margin
-73.46%172.28%98.31%104.34%101.52%92.12%101.32%
Net Profit Margin
-73.46%172.28%98.31%104.34%101.52%297.64%135.29%
Effective Tax Rate
226.57%45.78%-56.39%226.15%184.48%-15.68%-36.04%
Return on Assets
-6.08%12.58%4.26%-6.20%-7.60%16.25%8.42%
Return On Equity
-8.77%17.39%6.18%-9.17%-11.90%28.30%11.78%
Return on Capital Employed
10.68%8.92%8.44%10.31%9.63%6.64%9.37%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A0.07N/A
Quick Ratio
0.120.09-0.00-0.04-0.030.070.03
Cash ratio
0.000.000.000.010.010.000.00
Days of Sales Outstanding
161.93128.18215.63-235.78-194.71157.09186.36
Days of Inventory outstanding
N/AN/A1.35K-154.932.44KN/A675.21
Operating Cycle
N/AN/A1.56K-390.712.24K157.09861.57
Days of Payables Outstanding
N/AN/A816.27-26.47889.092.38K1.60K
Cash Conversion Cycle
N/AN/A749.78-364.231.36K-2.23K192.77
Debt Ratios
Debt Ratio
0.270.250.280.300.330.290.27
Debt Equity Ratio
0.390.350.410.450.510.440.38
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
0.280.260.290.310.340.300.27
Interest Coverage Ratio
N/AN/AN/AN/AN/A7.26N/A
Cash Flow to Debt Ratio
0.320.250.100.330.18-0.670.22
Company Equity Multiplier
1.441.381.441.471.561.501.41
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
1.070.890.72-1.73-0.81-3.62-0.50
Free Cash Flow / Operating Cash Flow Ratio
1111111
Cash Flow Coverage Ratio
0.320.250.100.330.18-0.670.22
Short Term Coverage Ratio
0.320.250.100.330.18-0.670.22
Dividend Payout Ratio
-121.12%51.81%121.91%-100.95%-79.62%59.24%90.57%