Western Asset Municipal High Income Fund
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
7.9935.9016.9749.93173.2511.2167.8520.48-6.5232.6755.7655.76
Price/Sales ratio
18.0717.8220.2546.37140.1111.0460.7419.88-6.6019.4219.2011.04
Price/Book Value ratio
0.920.930.930.910.970.950.911.050.910.880.970.97
Price/Cash Flow ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Price/Free Cash Flow ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Price/Earnings Growth ratio
-0.01-0.460.15-0.75-2.360.00-0.800.070.01-0.270.37-2.36
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A5.47%N/A
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%11.50%93.06%59.03%88.35%104.94%62.93%88.11%11.50%
Operating Profit Margin
86.57%86.79%84.58%92.86%80.87%98.48%89.52%97.07%101.27%83.87%-32.50%98.48%
Pretax Profit Margin
226.05%49.65%119.33%92.86%80.87%98.48%89.52%97.07%101.30%59.44%34.43%98.48%
Net Profit Margin
226.05%49.65%119.33%92.86%80.87%98.48%89.52%97.07%101.30%59.44%34.43%98.48%
Effective Tax Rate
61.70%-74.80%29.11%219.35%-17.34%44.69%254.51%61.73%-26.76%N/A8.08%-17.34%
Return on Assets
11.27%2.60%5.37%1.82%0.55%8.39%1.33%5.06%-13.95%2.59%1.65%0.55%
Return On Equity
11.51%2.60%5.48%1.83%0.56%8.47%1.34%5.16%-14.09%2.72%1.80%0.56%
Return on Capital Employed
4.41%4.56%3.88%1.83%0.55%8.46%1.34%5.12%-13.99%3.77%-1.61%8.46%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.44N/A
Quick Ratio
0.9817.520.862.644.991.801.161.505.401.000.441.80
Cash ratio
0.170.41N/AN/A-3.12N/A-0.08N/AN/AN/AN/A-3.12
Days of Sales Outstanding
124.91122.23143.62394.69875.2264.19363.24130.10-41.32258.32113.7264.19
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/A875.2264.19363.24130.10-41.32258.32113.7264.19
Days of Payables Outstanding
N/AN/AN/AN/A198.08260.01567.35551.84154.58594.871.77K198.08
Cash Conversion Cycle
N/AN/AN/AN/A677.14-195.81-204.10-421.73-195.90-336.54-1.66K-195.81
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/AN/AN/A0.000.000.010.01N/A
Debt Equity Ratio
N/AN/AN/AN/AN/AN/AN/A0.000.000.010.01N/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/A0.000.000.010.01N/A
Total Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/A0.000.000.010.01N/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-65.22N/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Company Equity Multiplier
1.021.001.021.001.001.001.011.021.011.051.051.00
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Free Cash Flow / Operating Cash Flow Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A