MFS High Income Municipal Closed Fund (CXE) — Defensive Interval Ratio
MFS High Income Municipal Closed Fund (CXE) has a Defensive Interval Ratio of 99 days as of November 2025. Defensive assets of $3.87 Million (cash $-, short-term investments $-, receivables $3.87 Million) cover 99 days of daily cash needs of $39.27K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
MFS High Income Municipal Closed Fund Defensive Interval Ratio (2012–2025)
This chart shows how MFS High Income Municipal Closed Fund's Defensive Interval Ratio has evolved across 14 annual periods from 2012 to 2025. As of November 2025, the ratio stands at 99 days, meaning defensive assets of $3.87 Million can fund 99 days of operations without new revenue. For the complete balance sheet picture, see balance sheet size of MFS High Income Municipal Closed Fund.
Annual Defensive Interval Ratio for MFS High Income Municipal Closed Fund (2012–2025)
The table below presents the year-by-year Defensive Interval Ratio for MFS High Income Municipal Closed Fund from 2012 to 2025, covering 14 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See MFS High Income Municipal Closed Fund (CXE) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 99 days | $3.87 Million | $39.27K/day | $- | $- | ▼ -2342 days |
| 2024 | 2441 days | $3.34 Million | $1.37K/day | $- | $- | ▲ +1827 days |
| 2023 | 614 days | $4.24 Million | $6.90K/day | $- | $227.44K | ▼ -885 days |
| 2022 | 1500 days | $3.76 Million | $2.51K/day | $- | $- | ▲ +1270 days |
| 2021 | 229 days | $6.19 Million | $26.96K/day | $- | $- | ▼ -1477 days |
| 2020 | 1707 days | $5.03 Million | $2.95K/day | $- | $- | ▼ -3062 days |
| 2019 | 4768 days | $5.22 Million | $1.09K/day | $- | $- | ▲ +3881 days |
| 2018 | 887 days | $5.24 Million | $5.91K/day | $- | $- | ▲ +77 days |
| 2017 | 810 days | $4.88 Million | $6.03K/day | $- | $- | ▼ -575 days |
| 2016 | 1385 days | $4.34 Million | $3.13K/day | $- | $- | ▼ -417 days |
| 2015 | 1802 days | $5.34 Million | $2.97K/day | $- | $- | ▼ -2756 days |
| 2014 | 4558 days | $4.32 Million | $948.27/day | $- | $- | ▲ +2974 days |
| 2013 | 1584 days | $4.70 Million | $2.96K/day | $- | $- | ▲ +901 days |
| 2012 | 683 days | $5.55 Million | $8.12K/day | $- | $- | — |