Pioneer Municipal High Income Advantage Trust (MAV) — Working Capital to Net Assets Ratio
Pioneer Municipal High Income Advantage Trust (MAV) has a Working Capital to Net Assets ratio of 2.5% as of March 2025. Working capital of $5.24 Million (current assets of $6.02 Million minus current liabilities of $777.68K) is measured against net assets of $212.51 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Pioneer Municipal High Income Advantage (MAV) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pioneer Municipal High Income Advantage Trust Working Capital to Net Assets (2013–2025)
This chart shows how Pioneer Municipal High Income Advantage Trust's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2025, the ratio stands at 2.5%, reflecting working capital of $5.24 Million against net assets of $212.51 Million USD. Check Pioneer Municipal High Income Advantage (MAV) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Pioneer Municipal High Income Advantage Trust (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pioneer Municipal High Income Advantage Trust from 2013 to 2025, covering 13 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Pioneer Municipal High Income Advantage .
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 2.5% | $5.24 Million | $212.51 Million | $6.02 Million | $777.68K | ▲ +0.6 pp |
| 2024 | 1.9% | $4.12 Million | $220.08 Million | $5.16 Million | $1.05 Million | ▲ +0.4 pp |
| 2023 | 1.5% | $5.31 Million | $364.54 Million | $6.35 Million | $1.04 Million | ▼ 0.0 pp |
| 2022 | 1.5% | $3.85 Million | $257.05 Million | $6.22 Million | $2.38 Million | ▲ +0.0 pp |
| 2021 | 1.4% | $4.21 Million | $290.61 Million | $5.24 Million | $1.03 Million | ▼ -4.7 pp |
| 2020 | 6.1% | $17.22 Million | $281.37 Million | $17.64 Million | $421.47K | ▲ +4.8 pp |
| 2019 | 1.3% | $5.75 Million | $439.25 Million | $5.89 Million | $138.20K | ▼ -0.2 pp |
| 2018 | 1.5% | $6.38 Million | $437.01 Million | $6.49 Million | $108.51K | ▲ +0.1 pp |
| 2017 | 1.4% | $5.90 Million | $433.85 Million | $6.25 Million | $352.09K | ▼ -1.3 pp |
| 2016 | 2.6% | $11.84 Million | $449.02 Million | $21.81 Million | $9.98 Million | ▼ -0.3 pp |
| 2015 | 3.0% | $13.43 Million | $450.33 Million | $13.83 Million | $401.75K | ▼ -0.3 pp |
| 2014 | 3.3% | $14.12 Million | $434.21 Million | $14.51 Million | $384.83K | ▲ +3.6 pp |
| 2013 | -0.4% | $-1.76 Million | $468.66 Million | $11.55 Million | $13.31 Million | — |