Pioneer Municipal High Income Advantage Trust (MAV) — Tangible Net Worth Ratio
Pioneer Municipal High Income Advantage Trust (MAV) has a Tangible Net Worth Ratio of 100.0% as of March 2025. This metric is calculated by deducting intangible assets ($0.00) from net assets ($212.51 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset growth rate of Pioneer Municipal High Income Advantage to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Pioneer Municipal High Income Advantage Trust Tangible Net Worth Ratio (2007–2025)
This chart shows how Pioneer Municipal High Income Advantage Trust's Tangible Net Worth Ratio has changed across 16 annual periods from 2007 to 2025. As of March 2025, the ratio stands at 100.0%, reflecting net assets of $212.51 Million with intangible assets of $0.00 USD. For live market cap and overall valuation, see MAV market cap overview.
Annual Tangible Net Worth Ratio for Pioneer Municipal High Income Advantage Trust (2007–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Pioneer Municipal High Income Advantage Trust from 2007 to 2025, covering 16 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. See cash generation quality of Pioneer Municipal High Income Advantage to measure how efficiently the company converts operating cash flow to free cash.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | $212.51 Million | $0.00 | $263.57 Million | ▲ +0.0 pp |
| 2024 | 100.0% | $220.08 Million | $0.00 | $271.12 Million | ▲ +0.0 pp |
| 2023 | 100.0% | $364.54 Million | $0.00 | $365.59 Million | ▲ +0.0 pp |
| 2022 | 100.0% | $257.05 Million | $0.00 | $439.43 Million | ▲ +0.0 pp |
| 2021 | 100.0% | $290.61 Million | $0.00 | $471.64 Million | ▲ +0.0 pp |
| 2020 | 100.0% | $281.37 Million | $0.00 | $441.79 Million | ▲ +0.0 pp |
| 2019 | 100.0% | $439.25 Million | $0.00 | $440.72 Million | ▲ +0.0 pp |
| 2018 | 100.0% | $437.01 Million | $0.00 | $437.12 Million | ▲ +0.0 pp |
| 2017 | 100.0% | $433.85 Million | $0.00 | $434.20 Million | ▲ +0.0 pp |
| 2016 | 100.0% | $449.02 Million | $0.00 | $459.00 Million | ▲ +0.0 pp |
| 2015 | 100.0% | $450.33 Million | $0.00 | $450.73 Million | ▲ +0.0 pp |
| 2014 | 100.0% | $434.21 Million | $0.00 | $434.59 Million | ▲ +0.0 pp |
| 2013 | 100.0% | $468.66 Million | $0.00 | $481.97 Million | ▲ +0.0 pp |
| 2009 | 100.0% | $361.15 Million | $0.00 | $365.93 Million | ▲ +0.0 pp |
| 2008 | 100.0% | $458.56 Million | $0.00 | $464.47 Million | ▲ +0.0 pp |
| 2007 | 100.0% | $511.97 Million | $0.00 | $513.90 Million | — |