Pioneer Municipal High Income Advantage Trust Financial Flexibility Index

Latest as of September 2024: 10.72x

Pioneer Municipal High Income Advantage Trust financial flexibility index. Pioneer Municipal High Income Advantage Trust (MAV) has a Financial Flexibility Index of 10.72x as of September 2024. Free cash flow of $3.54 Million (operating CF $3.54 Million minus capex $0.00) represents 11% of total liabilities ($330.06K). See Pioneer Municipal High Income Advantage free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.

Financial Flexibility Index

10.72x
Free Cash Flow / Total Liabilities

Free Cash Flow

$3.54 Million
Operating CF − Capex

Total Liabilities

$330.06K
USD

Capital Expenditures

$0.00
USD

Financial Flexibility Index of Pioneer Municipal High Income Advantage Trust (2007–2025)

Financial flexibility index of Pioneer Municipal High Income Advantage Trust from 2007 to 2025. Historical Financial Flexibility Index trend for Pioneer Municipal High Income Advantage Trust across 14 annual periods. Check how high is Pioneer Municipal High Income Advantage 's earnings quality to evaluate the quality of earnings relative to operating cash generation.

Pioneer Municipal High Income Advantage Trust Financial Flexibility Index by Year (2007–2025)

Pioneer Municipal High Income Advantage Trust financial flexibility index by year from 2007 to 2025. Year-by-year free cash flow to debt coverage for Pioneer Municipal High Income Advantage Trust. For the full cash flow conversion analysis, see MAV cash flow metrics.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 0.22x $10.98 Million $10.98 Million $51.06 Million ▼ -88.9%
2024 1.94x $99.09 Million $99.09 Million $51.05 Million ▼ -96.1%
2023 50.18x $52.21 Million $52.21 Million $1.04 Million ▲ +80579.2%
2022 0.06x $11.34 Million $11.34 Million $182.38 Million ▲ +157.0%
2021 -0.11x $-19.76 Million $-19.76 Million $181.03 Million ▼ -171.0%
2020 0.15x $24.67 Million $24.67 Million $160.42 Million ▼ -99.1%
2019 16.75x $24.67 Million $24.67 Million $1.47 Million ▼ -92.6%
2018 227.31x $24.67 Million $24.67 Million $108.51K ▲ +224.5%
2017 70.06x $24.67 Million $24.67 Million $352.09K —
2016 0.00x $0.00 $0.00 $9.98 Million —
2015 0.00x $0.00 $0.00 $401.75K ▲ +100.0%
2009 -15.36x $-73.33 Million $-73.33 Million $4.78 Million ▼ -168.7%
2008 -5.72x $-33.80 Million $-33.80 Million $5.91 Million ▼ -128.0%
2007 20.39x $39.43 Million $39.43 Million $1.93 Million —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities