WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC. (HIO)
Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It seeks to invest in high-yielding corporate debt obligations. The fund seeks to maintain an average duration of around four years with an average credit quality of B. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. The fund was formerly known as High Income Opportunity Fund. Western Asset High Income Opportunity Fund Inc. was formed on November 16, 1993 and is domiciled in the United States.
Industry: Asset Management
Western Asset High Income Opportunity Fund Inc
NYSE:HIOFinancial Services · Asset Management
-1.23%$3.22
AH Close$3.22+0.00%vs close
AH Close$3.22+0.00%vs close
Mkt Cap$306.22M
Float95.08M
O/S95.1M
Inst Own34.4%
SI0.2%
Div Yield13.23%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$26.66M
Net Income$26.16M
Total Assets$401.36M
Free Cash Flow$0
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$388M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HIO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$401.36M
Liabilities$13.37M
Accounts Receivable$6.54M
Accounts Payable$12.89M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 |
| Revenue | $26.66M | $36.13M | $37.31M | $16.12M | $57.08M | $19.44M | $49.46M | $15.53M | $62.4M | $38.51M | $39M | $41M | $39.58M | $41.22M |
| YoY Growth | -26.2% | -3.2% | 131.4% | -71.8% | 193.6% | -60.7% | 218.6% | -75.1% | 62.1% | -1.3% | -4.9% | 3.6% | -4.0% | - |
| Cost of Revenue | $0 | $0 | $0 | $4.01M | $0 | $5.73M | $5.54M | $5.91M | $6.07M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $26.66M | $36.13M | $37.31M | $12.12M | $57.08M | $13.71M | $43.92M | $9.62M | $56.33M | $38.51M | $39M | $41M | $39.58M | $41.22M |
| Gross Margin | 100.0% | 100.0% | 100.0% | 75.2% | 100.0% | 70.5% | 88.8% | 62.0% | 90.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$5 | $0 | $0 | $2 | $0 | $1 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $628K | $3.7M | $3.85M | $369K | $383K | $979K | $475K | $480K | $494K | $4.53M | $4.48M | $4.77M | $4.5M | $4M |
| Other | -$129K | $0 | $0 | $269K | $266K | $308K | -$12K | $167K | $229K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $499K | $3.7M | $3.85M | $638K | $650K | $1.29M | $463K | $647K | $722K | $6.96M | $73.95M | $8.44M | $5.46M | $34.49M |
| Operating Income (EBIT) | $26.16M | $32.43M | $33.46M | -$82.27M | $56.43M | $18.15M | $49M | $14.88M | $61.55M | $33.98M | $34.52M | $36.22M | $35.09M | $37.22M |
| Operating Margin | 98.1% | 89.8% | 89.7% | -510.3% | 98.9% | 93.4% | 99.1% | 95.8% | 98.6% | 88.2% | 88.5% | 88.4% | 88.6% | 90.3% |
| Interest Expense | $0 | $56 | $0 | $3K | $2K | $3K | $255 | $472 | $619 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $32.91M | $0 | $37.22M | $35.32M | $36.24M | $49.19M | $50.23M | $48.19M | $50.74M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $40K | $15.62M | -$5.35M | -$95K | -$2K | $0 | $0 | -$27.79M | $16.59M | $11.48M | -$69.47M | -$3.66M | $9.96M | $38.49M |
| Income Before Tax (EBT) | $26.16M | $48.05M | $28.11M | -$82.27M | $56.43M | $18.15M | $49M | $14.88M | $61.55M | $45.46M | -$34.95M | $32.56M | $45.05M | $75.71M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $61.52M | $0 | $0 | $0 | $0 | $0 |
| Net Income | $26.16M | $48.05M | $28.11M | -$82.27M | $56.43M | $18.15M | $49M | $14.88M | $61.55M | $45.46M | -$34.95M | $32.56M | $45.05M | $75.71M |
| Net Income Margin | 98.1% | 133.0% | 75.3% | -510.3% | 98.9% | 93.4% | 99.1% | 95.8% | 98.6% | 118.1% | -89.6% | 79.4% | 113.8% | 183.7% |
| Supplementary Data | ||||||||||||||
| EPS | 0.28 | 0.51 | 0.30 | -0.87 | 0.54 | 0.14 | 0.38 | 0.12 | 0.47 | 0.35 | -0.42 | 0.39 | 0.54 | 1.00 |
| Diluted EPS | 0.28 | 0.51 | 0.30 | -0.87 | 0.54 | 0.14 | 0.38 | 0.12 | 0.47 | 0.35 | -0.42 | 0.39 | 0.54 | 1.00 |
| Weighted Average OS | 95.10M | 95.10M | 93.70M | 95.10M | 104.49M | 126.80M | 127.95M | 123.99M | 129.23M | 129.23M | 83.69M | 83.69M | 83.69M | 75.56M |
| EBITDA | $26.16M | $32.43M | $28.15M | -$82.17M | $56.43M | $42.75M | $49.2M | $42.67M | $61.52M | $33.98M | $34.52M | $36.22M | $35.09M | $0 |
| EBITDA Margin | 98.1% | 89.8% | 75.4% | -509.7% | 98.9% | 219.9% | 99.5% | 274.8% | 98.6% | 88.2% | 88.5% | 88.4% | 88.6% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $281K | $330K | $297K | $3.17M | $757K | $54K | $427K | $3.38M | $825K | $422K | $10.16M | $5M | $1.03M | $1.56M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $281K | $330K | $297K | $3.17M | $757K | $54K | $427K | $3.38M | $825K | $422K | $10.16M | $5M | $1.03M | $1.56M |
| Accounts Receivable | $6.54M | $9.73M | $9.37M | $8.21M | $13.53M | $13.43M | $9.82M | $17.36M | $19.37M | $15.45M | $18.54M | $12.4M | $12.26M | $14.82M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $27.6M | $0 | $0 | $36.36M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | -$594K | -$27.62M | $302K | $33K | $15M | $5.04M | $9.09M | $943K | $6.26M | $11.48M |
| Total Current Assets | $7.11M | $10.07M | $9.67M | $11.37M | $13.71M | $13.48M | $10.25M | $20.74M | $20.19M | $20.96M | $37.82M | $18.41M | $19.59M | $27.86M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $16K | $396.42M | $392.2M | $396.58M | $512.88M | $672.51M | $712.49M | $694.56M | $727.04M | $715.23M | $447.37M | $519.83M | $529.7M | $456.48M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $394.24M | $0 | $0 | $750K | $0 | $0 | -$712.49M | -$694.56M | -$727.04M | $0 | $0 | $0 | $0 | -$456.48M |
| Total Long-Term Assets | $394.25M | $396.42M | $392.2M | $397.33M | $512.88M | $672.51M | $712.49M | $694.56M | $727.04M | $715.23M | $447.37M | $519.83M | $529.7M | $456.48M |
| Other Assets | $0 | $0 | $0 | $408.7M | $11K | $24K | $36K | $36K | $37K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $401.36M | $406.49M | $401.87M | $408.7M | $526.59M | $686.02M | $722.77M | $715.34M | $747.27M | $736.19M | $485.19M | $538.23M | $549.29M | $484.34M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $12.89M | $50K | $3.19M | $3.59M | $4.82M | $12.32M | $14.75M | $7.96M | $11.89M | $13.59M | $27.25M | $9.77M | $16.4M | $10.18M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | -$498K | $2.36M | $0 | $3.4M | -$15.8M | -$9.1M | -$13.04M | $4.63M | $97K | $0 | $202K | $1.05M |
| Total Current Liabilities | $12.89M | $320K | $6.56M | $6.75M | $8.05M | $16.9M | $19.06M | $11.88M | $16.14M | $19.03M | $27.79M | $10.23M | $17.11M | $11.22M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $477K | $0 | $498K | $494K | $579K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $477K | $178K | $498K | $494K | $579K | $17.8M | $19.66M | $12.55M | $16.78M | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $3.82M | $0 | -$6.25M | -$8.63M | -$17.8M | -$19.66M | -$11.88M | -$16.14M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $13.37M | $4.14M | $7.06M | $7.24M | $8.05M | $16.9M | $19.06M | $12.55M | $16.78M | $19.03M | $27.79M | $10.23M | $17.11M | $11.47M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $107.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $95K | $95K | $95K | $95K | $95K | $127K | $128K | $129K | $129K | $129K | $84K | $84K | $84K | $76K |
| Retained Earnings | -$185.97M | -$181.53M | -$196.79M | -$195.2M | -$81.6M | -$107.84M | -$86.51M | -$3.63M | -$4.17M | -$163.49M | -$140.5M | -$69.9M | -$65.72M | -$73.62M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | -$107.84M | $0 | -$100.26M | -$121.51M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $573.87M | $583.78M | $591.51M | $596.56M | $599.47M | $775.93M | $789.49M | $706.29M | $734.53M | $880.5M | $597.82M | $597.82M | $597.82M | $546.42M |
| Total Equity | $388M | $402.35M | $394.81M | $401.46M | $517.97M | $668.22M | $703.11M | $702.79M | $730.49M | $717.14M | $457.4M | $528M | $532.18M | $472.88M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $401.36M | $406.49M | $401.87M | $408.7M | $526.02M | $685.13M | $722.17M | $715.34M | $747.27M | $736.17M | $485.19M | $538.23M | $549.29M | $484.34M |
| Supplementary Data | ||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$281K | -$330K | -$297K | -$1.11M | -$175K | -$54K | -$427K | -$3.38M | -$825K | -$422K | -$10.16M | -$5M | -$1.03M | -$1.56M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 |
| Operating Activities | ||||||||||||||
| Net Income | $26.16M | $48.05M | $28.11M | -$82.27M | $56.43M | $18.15M | $49M | $14.88M | $61.55M | $45.46M | -$34.95M | $32.56M | $45.05M | $75.71M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$26.16M | -$48.05M | -$28.11M | $82.27M | -$56.43M | -$18.15M | -$49M | -$14.88M | -$61.55M | -$45.46M | $34.95M | -$32.56M | -$45.05M | -$75.71M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | -$2.87M | $2.41M | -$2.87M | $2.14M | -$2.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $0 | $0 | $3.17M | $757K | $3.63M | $1.49M | $3.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $297K | $3.17M | $757K | $3.63M | $1.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |