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
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.
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.
Average
1.20
Median
0.98
Minimum
0.36
Maximum
3.11
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
| Year | Current Ratio | Change |
|---|---|---|
| 2023 | 3.11 | 36.71% |
| 2022 | 2.27 | 48.40% |
| 2021 | 1.53 | 40.88% |
| 2020 | 1.09 | 3.80% |
| 2019 | 1.05 | 14.26% |
| 2018 | 0.92 | 37.91% |
| 2017 | 0.66 | 2.46% |
| 2016 | 0.65 | 80.42% |
| 2015 | 0.36 | -12.52% |
| 2014 | 0.41 | 33.85% |
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’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),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0 | $1.65B | |
| 1.92 | $1.83B | |
| 6.90 | $2.08B | |
| 0 | $1.33B | |
| 0.20 | $2.10B | |
| 0 | $1.88B | |
| 0 | $2.15B | |
| 0 | $1.42B | |
| 0 | $1.79B | |
| 0 | $1.74B |
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What is the Current Ratio?
How can you use the Current Ratio?
What is Fidelity California Municipal Income's Current Ratio?
How is the Current Ratio calculated for Fidelity California Municipal Income (FCTFX)?
What is the highest Current Ratio for Fidelity California Municipal Income (FCTFX)?
What is the 3-year average Current Ratio for Fidelity California Municipal Income (FCTFX)?
What is the 5-year average Current Ratio for Fidelity California Municipal Income (FCTFX)?
How does the current Current Ratio for Fidelity California Municipal Income (FCTFX) compare to its historical average?