Eaton Vance California MIT (CEV) - Net Assets
Based on the latest financial reports, Eaton Vance California MIT (CEV) has net assets worth $78.85 Million USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($119.33 Million) and total liabilities ($40.48 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Eaton Vance California MIT's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $78.85 Million |
| % of Total Assets | 66.08% |
| Annual Growth Rate | -4.17% |
| 5-Year Change | -24.52% |
| 10-Year Change | -22.42% |
| Growth Volatility | 15.89 |
Eaton Vance California MIT - Net Assets Trend (2006–2025)
This chart illustrates how Eaton Vance California MIT's net assets have evolved over time, based on quarterly financial data. Also explore how large is Eaton Vance California MIT's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Eaton Vance California MIT (2006–2025)
The table below shows the annual net assets of Eaton Vance California MIT from 2006 to 2025. For live valuation and market cap data, see Eaton Vance California MIT (CEV) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $78.85 Million | -5.07% |
| 2024-11-30 | $83.07 Million | +2.02% |
| 2023-11-30 | $81.42 Million | -0.65% |
| 2022-11-30 | $81.95 Million | -21.55% |
| 2021-11-30 | $104.47 Million | -0.31% |
| 2020-11-30 | $104.79 Million | +2.55% |
| 2019-11-30 | $102.19 Million | +9.06% |
| 2018-11-30 | $93.70 Million | -8.97% |
| 2017-11-30 | $102.93 Million | +1.28% |
| 2016-11-30 | $101.63 Million | -33.01% |
| 2015-11-30 | $151.71 Million | -0.26% |
| 2014-11-30 | $152.10 Million | +7.64% |
| 2013-11-30 | $141.31 Million | +32.85% |
| 2012-11-30 | $106.37 Million | +18.37% |
| 2011-11-30 | $89.86 Million | +0.52% |
| 2010-11-30 | $89.40 Million | -26.15% |
| 2008-11-30 | $121.04 Million | -27.76% |
| 2007-11-30 | $167.57 Million | -5.33% |
| 2006-11-30 | $176.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eaton Vance California MIT's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 157.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $70.34K | 0.09% |
| Other Components | $85.35 Million | 108.25% |
| Total Equity | $78.85 Million | 100.00% |
Eaton Vance California MIT Competitors by Market Cap
The table below lists competitors of Eaton Vance California MIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suprema HQ Inc
KQ:094840
|
$71.30 Million |
|
Konfrut Gida Sanayi ve Ticaret AS
IS:KNFRT
|
$71.31 Million |
|
Thanapiriya Public Company Limited
BK:TNP
|
$71.32 Million |
|
West Vault Mining
V:WVM
|
$71.32 Million |
|
Daidong Elec
KO:008110
|
$71.25 Million |
|
Gold Terra Resource Corp
V:YGT
|
$71.22 Million |
|
Emporiki Eisagogiki Aftokiniton Ditrohon kai Mihanon Thalassis Societe Anonyme
AT:MOTO
|
$71.15 Million |
|
Drb Industrial
KO:163560
|
$71.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eaton Vance California MIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 83,066,279 to 78,851,618, a change of -4,214,661 (-5.1%).
- Net income of 5,484 contributed positively to equity growth.
- Dividend payments of 4,220,145 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.48K | +0.01% |
| Dividends Paid | $4.22 Million | -5.35% |
| Total Change | $- | -5.07% |
Book Value vs Market Value Analysis
This analysis compares Eaton Vance California MIT's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.90x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-11-30 | $12.39 | $10.13 | x |
| 2011-11-30 | $12.41 | $10.13 | x |
| 2012-11-30 | $14.66 | $10.13 | x |
| 2013-11-30 | $19.50 | $10.13 | x |
| 2014-11-30 | $20.96 | $10.13 | x |
| 2015-11-30 | $20.75 | $10.13 | x |
| 2016-11-30 | $14.60 | $10.13 | x |
| 2017-11-30 | $14.01 | $10.13 | x |
| 2018-11-30 | $13.21 | $10.13 | x |
| 2019-11-30 | $14.32 | $10.13 | x |
| 2020-11-30 | $14.69 | $10.13 | x |
| 2021-11-30 | $14.64 | $10.13 | x |
| 2022-11-30 | $11.57 | $10.13 | x |
| 2023-11-30 | $11.42 | $10.13 | x |
| 2024-11-30 | $11.81 | $10.13 | x |
| 2025-11-30 | $11.21 | $10.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eaton Vance California MIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.16%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.51x
- Recent ROE (0.01%) is below the historical average (1.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 8.05% | 84.82% | 0.09x | 1.09x | $-3.46 Million |
| 2007 | -1.53% | -24.81% | 0.06x | 1.06x | $-19.32 Million |
| 2008 | -25.38% | -343.66% | 0.06x | 1.16x | $-42.83 Million |
| 2010 | 7.78% | 92.04% | 0.05x | 1.81x | $-1.99 Million |
| 2011 | 7.48% | 91.94% | 0.05x | 1.75x | $-2.27 Million |
| 2012 | 21.19% | 97.38% | 0.13x | 1.62x | $11.90 Million |
| 2013 | -6.52% | 0.00% | -0.06x | 1.11x | $-23.35 Million |
| 2014 | 10.80% | 96.65% | 0.10x | 1.10x | $1.22 Million |
| 2015 | 3.28% | 89.60% | 0.03x | 1.08x | $-10.20 Million |
| 2016 | -0.74% | 0.00% | 0.00x | 1.58x | $-10.91 Million |
| 2017 | 4.79% | 90.04% | 0.03x | 1.53x | $-5.37 Million |
| 2018 | -1.51% | 0.00% | -0.01x | 1.64x | $-10.78 Million |
| 2019 | 12.01% | 96.30% | 0.08x | 1.59x | $2.05 Million |
| 2020 | 6.20% | 93.19% | 0.04x | 1.58x | $-3.98 Million |
| 2021 | 3.55% | 88.43% | 0.03x | 1.58x | $-6.74 Million |
| 2022 | -21.54% | 0.00% | -0.14x | 1.54x | $-25.85 Million |
| 2023 | 3.07% | 86.02% | 0.03x | 1.40x | $-5.64 Million |
| 2024 | 6.59% | 77.44% | 0.06x | 1.32x | $-2.83 Million |
| 2025 | 0.01% | 0.16% | 0.03x | 1.51x | $-7.88 Million |
Industry Comparison
This section compares Eaton Vance California MIT's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $896,093,866
- Average return on equity (ROE) among peers: -12.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eaton Vance California MIT (CEV) | $78.85 Million | 8.05% | 0.51x | $71.25 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.79 Billion | 7.51% | 0.00x | $3.59 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $359.65 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $8.37 Billion |
| Ameriprise Financial Inc (AMP) | $4.73 Billion | 54.05% | 36.05x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $632.43 Million | 16.58% | 4.38x | $42.91 Million |
| Artisan Partners Asset Management Inc (APAM) | $-736.58 Million | 0.00% | 0.00x | $2.60 Billion |
About Eaton Vance California MIT
Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and oth… Read more