Western Asset Premier Bond 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
15.20-18.387.099.22-16.605.9814.6555.56-4.6310.297.24-16.60
Price/Sales ratio
10.9910.1411.899.02-17.395.9014.2545.88-4.699.417.92-17.39
Price/Book Value ratio
0.930.920.930.950.920.990.951.000.940.930.960.92
Price/Cash Flow ratio
5.5619.1421.7311.5330.0423.3228.4524.2611.714.33-17.3923.32
Price/Free Cash Flow ratio
5.5619.1421.7311.5330.0423.3228.4524.2611.714.33-17.3923.32
Price/Earnings Growth ratio
-0.840.10-0.01-0.510.11-0.01-0.24-0.750.00-0.07-0.07-0.01
Dividend Yield
7.79%8.86%7.89%6.25%6.49%5.36%5.57%5.50%7.44%7.47%7.79%6.49%
Profitability Indicator Ratios
Gross Profit Margin
100%100%89.87%92.57%115.99%95.27%88.23%61.22%104.84%100%89.40%95.27%
Operating Profit Margin
85.65%88.63%173.03%103.51%85.93%98.55%97.25%82.58%95.27%90.08%132.45%85.93%
Pretax Profit Margin
74.27%-53.71%167.72%97.80%104.74%98.55%97.25%82.58%101.31%91.52%109.38%104.74%
Net Profit Margin
72.36%-55.16%167.72%97.80%104.74%98.55%97.25%82.58%101.31%91.52%109.38%104.74%
Effective Tax Rate
2.10%-2.70%0.15%0.07%1.85%33.23%90.26%0.45%-0.26%N/A6.03%1.85%
Return on Assets
4.61%-3.67%9.56%7.66%-3.98%12.07%4.65%1.26%-13.42%6.67%8.81%-3.98%
Return On Equity
6.16%-5.05%13.15%10.30%-5.59%16.68%6.51%1.80%-20.46%9.11%13.16%-5.59%
Return on Capital Employed
5.60%5.91%9.87%8.16%-3.27%12.19%4.69%1.27%-12.64%6.64%11.18%-3.27%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.41N/A
Quick Ratio
1.5310.4233.102.4083.371.26-2.082.01-7.122.650.411.26
Cash ratio
0.090.651.680.346.830.080.000.090.000.100.030.08
Days of Sales Outstanding
164.0969.47203.2855.28-124.7237.16173.03267.79-37.3679.8264.82-124.72
Days of Inventory outstanding
N/AN/A0.000.000.00N/A2.49K0.001.55KN/AN/AN/A
Operating Cycle
N/AN/A203.2855.28-124.7237.162.66K267.791.51KN/A64.82-124.72
Days of Payables Outstanding
N/AN/AN/A328.0210.18623.17489.59359.03109.98N/A149.0210.18
Cash Conversion Cycle
N/AN/A203.28-272.73-134.91-586.012.17K-91.231.40KN/A-84.20-134.91
Debt Ratios
Debt Ratio
0.220.270.250.240.280.26N/A0.290.050.260.320.28
Debt Equity Ratio
0.300.370.350.330.400.36N/A0.410.080.350.490.40
Long-term Debt to Capitalization
0.230.270.250.250.260.24N/A0.25N/A0.250.300.26
Total Debt to Capitalization
0.230.270.250.250.280.26N/A0.290.080.260.330.28
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A7.01N/A
Cash Flow to Debt Ratio
0.560.130.120.240.070.11N/A0.090.920.60-0.110.11
Company Equity Multiplier
1.331.371.371.341.401.381.391.421.521.361.511.40
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
1.970.520.540.78-0.570.250.501.89-0.402.17-0.45-0.57
Free Cash Flow / Operating Cash Flow Ratio
11111111110.991
Cash Flow Coverage Ratio
0.560.130.120.240.070.11N/A0.090.920.60-0.110.11
Short Term Coverage Ratio
N/AN/AN/AN/A0.911.09N/A0.530.9220.05-1.041.09
Dividend Payout Ratio
118.54%-162.88%56.03%57.69%-107.83%32.11%81.68%306.00%-34.46%76.88%71.26%-107.83%