Western Asset High Income Fund II Inc.
HIXFinancial ServicesNASDAQAsset Management
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Daily timeframeHeadquartered within the financial services sector, Western Asset High Income Fund II Inc. focuses on Asset Management services and products. Western Asset High Income Fund II Inc. The $359.4M market capitalization puts HIX squarely in small-cap range for its industry. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Market Cap
$359.4M
Beta
0.92
P/E (TTM)
9.28
P/E (Fwd)
—
EPS (TTM)
$0.43
EPS (Fwd)
—
ROE
9.8%
ROA
4.6%
Cash
$375,345
Total Debt
$187.7M
Free CF
$30.7M
52W Change
-4.5%
Annual Financials
Cash vs Debt
On the balance sheet, HIX has $375K in cash with $187.7M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $30.7M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 9.8% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.6% is on the lower side, which is common in asset-heavy industries. Revenue has grown from -$40.5M (2022) to $32.7M (2025), reflecting a 181% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Western Asset High Income Fund II Inc. and its sector.