Fidelity California Municipal Income

Fidelity California Municipal Income - Current Ratioverified

FCTFX

Price:

$12.16

Market Cap:

$1.89B

The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.

Industry

Asset Management

IPO Date

1984-07-03

Stock Exchange

NASDAQ

Ticker

FCTFX

The Current Ratio as of July 2026 (TTM) for Fidelity California Municipal Income (FCTFX) is 3.11

According to Fidelity California Municipal Income’s latest financial reports and current stock price. The company's current Current Ratio is 3.11. This represents a change of 16.91% compared to the average of 2.66 of the last 4 quarters.

Fidelity California Municipal Income (FCTFX) Historical Current Ratio (quarterly & annually)

How has FCTFX Current Ratio performed in the past?

The mean historical Current Ratio of Fidelity California Municipal Income over the last ten years is 1.20. The current 3.11 Current Ratio has changed 25.69% with respect to the historical average. Over the past ten years (40 quarters), FCTFX's Current Ratio was at its highest in in the May 2021 quarter at 3.75. The Current Ratio was at its lowest in in the November 2014 quarter at 0.36.

Quarterly (TTM)
Annual

Average

1.20

Median

0.98

Minimum

0.36

Maximum

3.11

Fidelity California Municipal Income (FCTFX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Fidelity California Municipal Income Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 80.42%

Maximum Annual Current Ratio = 3.11

Minimum Annual Increase = -12.52%

Minimum Annual Current Ratio = 0.36

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.1136.71%
20222.2748.40%
20211.5340.88%
20201.093.80%
20191.0514.26%
20180.9237.91%
20170.662.46%
20160.6580.42%
20150.36-12.52%
20140.4133.85%

Fidelity California Municipal Income (FCTFX) Average Current Ratio

How has FCTFX Current Ratio performed in the past?

The current Current Ratio of Fidelity California Municipal Income (FCTFX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.30

5-year avg

1.81

10-year avg

1.20

Fidelity California Municipal Income (FCTFX) Current Ratio vs. Peers

How is FCTFX’s Current Ratio compared to its peers?

Fidelity California Municipal Income’s Current Ratio is greater than Fidelity Massachuseets Municipal Income Fund (0), greater than Nuveen California Quality Municipal Income Fund (1.92), less than Eaton Vance Tax-Advantaged Dividend Income Fund (6.90), greater than Fidelity New York Municipal Income (0), greater than Shenkman Capital Short Duration High Income Fund Class F (0.20), greater than Nuveen Municipal Value Fund, Inc. (0), greater than Royce Pennsylvania Mutual Fund (0), greater than Fidelity Government Income (0), greater than MFS Diversified Income Fund (0), greater than Fidelity GNMA Fund (0),

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Frequently asked questions❓

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How does the current Current Ratio for Fidelity California Municipal Income (FCTFX) compare to its historical average?