Pioneer Municipal High Income Advantage Trust (MAV) — Cash Flow Quality Index
Pioneer Municipal High Income Advantage Trust (MAV) has a Cash Flow Quality Index of 0.69x as of September 2024. Operating cash flow of $3.54 Million is below net income of $5.14 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore how well can Pioneer Municipal High Income Advantage service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Pioneer Municipal High Income Advantage Trust Cash Flow Quality Index (2007–2025)
Historical Cash Flow Quality Index for Pioneer Municipal High Income Advantage Trust across 10 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see MAV operating cash flow.
Annual Cash Flow Quality Index for Pioneer Municipal High Income Advantage Trust (2007–2025)
Year-by-year earnings quality comparison for Pioneer Municipal High Income Advantage Trust.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 6.25x | $10.98 Million | $1.76 Million | ▼ -75.7% |
| 2024 | 25.71x | $99.09 Million | $3.85 Million | ▲ +3050.9% |
| 2021 | -0.87x | $-19.76 Million | $22.69 Million | ▼ -146.4% |
| 2020 | 1.88x | $24.67 Million | $13.12 Million | ▲ +61.1% |
| 2019 | 1.17x | $24.67 Million | $21.14 Million | ▼ -48.9% |
| 2018 | 2.28x | $24.67 Million | $10.81 Million | ▼ -75.6% |
| 2017 | 9.34x | $24.67 Million | $2.64 Million | — |
| 2016 | 0.00x | $0.00 | $20.02 Million | — |
| 2015 | 0.00x | $0.00 | $41.16 Million | ▼ -100.0% |
| 2007 | 0.88x | $39.43 Million | $44.64 Million | — |