Pioneer Municipal High Income Advantage Trust (MAV) — Defensive Interval Ratio
Pioneer Municipal High Income Advantage Trust (MAV) has a Defensive Interval Ratio of 1596 days as of March 2025. Defensive assets of $3.40 Million (cash $-, short-term investments $-, receivables $3.40 Million) cover 1596 days of daily cash needs of $2.13K/day. See working capital position of Pioneer Municipal High Income Advantage to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Pioneer Municipal High Income Advantage Trust Defensive Interval Ratio (2013–2025)
This chart shows how Pioneer Municipal High Income Advantage Trust's Defensive Interval Ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2025, the ratio stands at 1596 days, meaning defensive assets of $3.40 Million can fund 1596 days of operations without new revenue. See MAV net asset quality score to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Pioneer Municipal High Income Advantage Trust (2013–2025)
The table below presents the year-by-year Defensive Interval Ratio for Pioneer Municipal High Income Advantage Trust from 2013 to 2025, covering 13 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see Pioneer Municipal High Income Advantage market capitalisation.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 1596 days | $3.40 Million | $2.13K/day | $- | $- | ▲ +404 days |
| 2024 | 1192 days | $3.41 Million | $2.87K/day | $- | $- | ▼ -646 days |
| 2023 | 1837 days | $5.24 Million | $2.85K/day | $- | $- | ▲ +1029 days |
| 2022 | 808 days | $5.27 Million | $6.51K/day | $- | $- | ▼ -1053 days |
| 2021 | 1861 days | $5.24 Million | $2.81K/day | $- | $- | ▼ -2728 days |
| 2020 | 4589 days | $5.30 Million | $1.15K/day | $- | $- | ▼ -10957 days |
| 2019 | 15546 days | $5.89 Million | $378.64/day | $- | $0.00 | ▼ -4495 days |
| 2018 | 20042 days | $5.96 Million | $297.30/day | $- | $0.00 | ▲ +13564 days |
| 2017 | 6478 days | $6.25 Million | $964.64/day | $- | $0.00 | ▲ +6231 days |
| 2016 | 247 days | $6.75 Million | $27.33K/day | $- | $0.00 | ▼ -5973 days |
| 2015 | 6220 days | $6.85 Million | $1.10K/day | $- | $0.00 | ▼ -2438 days |
| 2014 | 8659 days | $9.13 Million | $1.05K/day | $- | $- | ▲ +8425 days |
| 2013 | 234 days | $8.55 Million | $36.46K/day | $- | $- | — |