Western Asset High Income Fund II Inc.
HIXFinancial ServicesNASDAQAsset Management · Last scanned Jul 18, 2026
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Daily timeframeWestern Asset High Income Fund II Inc. operates in the Asset Management space. Western Asset High Income Fund II Inc. With a market capitalization of $356.7M, it sits in small-cap territory. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Market Cap
$356.7M
Beta
0.91
P/E (TTM)
7.76
P/E (Fwd)
—
EPS (TTM)
$0.51
EPS (Fwd)
—
ROE
12.0%
ROA
4.7%
Cash
$6.0M
Total Debt
$172.7M
Free CF
$28.7M
52W Change
-7.3%
Annual Financials
Cash vs Debt
The company holds $6.0M in cash, though total debt stands at $172.7M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $28.7M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 12.0% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.7% is on the lower side, which is common in asset-heavy industries. Revenue has grown from -$29.7M (2023) to $46.4M (2026), reflecting a 256% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Western Asset High Income Fund II Inc.'s trajectory.