WESTERN ASSET HIGH INCOME FUND II INC. (HIX)
Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund employs a combination of quantitative and fundamental analysis with bottom-up security selection process to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States.
Industry: Asset Management
Western Asset High Income Fund II Inc
NYSE:HIXFinancial Services · Asset Management
-2.91%$3.34
AH Close$3.34+0.00%vs close
AH Close$3.34+0.00%vs close
Mkt Cap$300.83M
Float90.07M
O/S90.07M
Inst Own18.0%
SI0.1%
Div Yield17.60%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$46.37M
Net Income$45.78M
Total Assets$565.72M
Free Cash Flow$31.23M
Debt & Equity
Debt 31%
Equity 69%
Total Debt$172.66M
Total Equity$376.56M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HIX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$565.72M
Liabilities$189.17M
Accounts Receivable$15.66M
Accounts Payable$15.5M
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 | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2014-04-30 | 2013-04-30 |
| Revenue | $46.37M | $43.71M | $30.23M | -$29.72M | -$40.5M | $120.07M | -$45.82M | $39.13M | $16.24M | $67.74M | $73.29M | $79.67M | $84.85M | $87.77M |
| YoY Growth | 6.1% | 44.6% | -201.7% | -26.6% | -133.7% | -362.0% | -217.1% | 140.9% | -76.0% | -7.6% | -8.0% | -6.1% | -3.3% | - |
| Cost of Revenue | $4.64M | $11M | $0 | -$73.07M | $4.85M | $74.86M | -$108.51M | $7.12M | $7.42M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $41.73M | $32.72M | $30.23M | $43.35M | -$45.35M | $45.21M | $62.69M | $32.01M | $8.83M | $67.74M | $73.29M | $79.67M | $84.85M | $87.77M |
| Gross Margin | 90.0% | 74.8% | 100.0% | -145.8% | 112.0% | 37.7% | -136.8% | 81.8% | 54.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $3 | -$1 | $2 | -$7 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $697K | $678K | $579K | $427K | $583K | $890K | $401K | $470K | $7.85M | $7.7M | $8.82M | $9.26M | $8.72M |
| Other | -$13.42M | -$233K | $0 | -$8.91M | $190K | $252K | $1.1M | $260K | $143K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$13.42M | $463K | $923K | $793K | $617K | $836K | $1.99M | $661K | $613K | $52.34M | $124.57M | $84.06M | $13.77M | $57.45M |
| Operating Income (EBIT) | $55.15M | $32.25M | $29.31M | $38.56M | $33.27M | $38.78M | $53.76M | $52.56M | $20.83M | $59.89M | $65.59M | $70.86M | $75.59M | $79.05M |
| Operating Margin | 118.9% | 73.8% | 96.9% | -129.7% | -82.2% | 32.3% | -117.3% | 134.3% | 128.3% | 88.4% | 89.5% | 88.9% | 89.1% | 90.1% |
| Interest Expense | $9.06M | $11M | $7.81M | $6.12M | $1.46M | $1.6M | $6.56M | $7.61M | $5.2M | $3.38M | $2.56M | $2.38M | $2.39M | $2.26M |
| Interest Income | $48.61M | $51.14M | $43.3M | $43.28M | $38.34M | $45M | $62.35M | $59.47M | $60.3M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$9.37M | -$10.86M | -$7.88M | -$176.65M | -$36.26M | $80.45M | -$217.02M | -$14.09M | -$37.69M | $56.82M | -$119.43M | -$77.62M | -$6.9M | $63.91M |
| Income Before Tax (EBT) | $45.78M | $32.25M | $29.31M | -$30.51M | -$41.12M | $119.24M | -$47.81M | $38.47M | $15.63M | $116.71M | -$53.84M | -$6.77M | $68.69M | $142.96M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $53.32M | $0 | $0 | $0 | $0 | $0 |
| Net Income | $45.78M | $32.25M | $29.31M | -$30.51M | -$41.12M | $119.24M | -$47.81M | $38.47M | $15.63M | $116.71M | -$53.84M | -$6.77M | $68.69M | $142.96M |
| Net Income Margin | 98.7% | 73.8% | 96.9% | 102.7% | 101.5% | 99.3% | 104.3% | 98.3% | 96.2% | 172.3% | -73.5% | -8.5% | 81.0% | 162.9% |
| Supplementary Data | ||||||||||||||
| EPS | 0.51 | 0.36 | 0.33 | -0.47 | -0.69 | 14616918.50 | -0.54 | 0.43 | 0.18 | 1.35 | -0.62 | -0.08 | 0.80 | 1.66 |
| Diluted EPS | 0.51 | 0.36 | 0.33 | -0.47 | -0.69 | 14616918.50 | -0.54 | 0.43 | 0.18 | 1.35 | -0.62 | -0.08 | 0.80 | 1.66 |
| Weighted Average OS | 90.07M | 90.03M | 90.03M | 64.76M | 59.83M | 8.157 | 88.75M | 89.72M | 85.08M | 86.20M | 86.20M | 86.20M | 86.17M | 86.01M |
| EBITDA | $54.84M | $32.25M | $37.19M | $83.18M | -$77.78M | $120.8M | $74.2M | $46.36M | $53.32M | $59.89M | $65.59M | $70.86M | $75.59M | $145.22M |
| EBITDA Margin | 118.3% | 73.8% | 123.0% | -279.9% | 192.1% | 100.6% | -161.9% | 118.5% | 328.3% | 88.4% | 89.5% | 88.9% | 89.1% | 165.5% |
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 | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2014-04-30 | 2013-04-30 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $6M | $2.46M | $402K | $2.61M | $2.16M | $91K | $3.22M | $912K | $2.34M | $651K | $780K | $10.23M | $6.84M | $8.82M |
| Short-Term Investments | $0 | $0 | $0 | $0 | -$1.1M | -$292K | -$3.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6M | $2.46M | $402K | $2.61M | $2.87M | $316K | $6.24M | $912K | $2.34M | $651K | $780K | $10.23M | $6.84M | $8.82M |
| Accounts Receivable | $15.66M | $15.07M | $14.35M | $10.39M | $21.61M | $9.5M | $29.6M | $23.12M | $21.26M | $23.79M | $32.51M | $25.59M | $25.29M | $24.13M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $26.33M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$35K | $0 | $221K | $1.07M | $954K | $67K | $0 | $69K | $259K | $212 | $137K | $1.55M | $18.19M | $22.05M |
| Total Current Assets | $21.66M | $17.56M | $15M | $14.37M | $25.49M | $9.9M | $35.88M | $24.14M | $23.6M | $24.48M | $33.5M | $37.43M | $50.38M | $55M |
| 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 | $542.87M | $0 | $595.18M | $432.32M | $516.26M | $606.02M | $737.89M | $878.03M | $885.24M | $902.76M | $851.4M | $981.88M | $1.05B | $1.02B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.19M | $568.2M | $329K | -$6K | -$1.1M | -$292K | -$3.02M | -$5.74M | -$885.24M | -$902.76M | -$851.4M | -$981.88M | -$1.05B | -$1.02B |
| Total Long-Term Assets | $544.06M | $568.2M | $595.51M | $432.31M | $515.16M | $605.73M | $734.86M | $872.29M | $885.24M | $902.76M | $851.4M | $981.88M | $1.05B | $1.02B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.76M | $147K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $565.72M | $585.76M | $610.51M | $446.68M | $540.65M | $615.63M | $770.74M | $901.19M | $908.99M | $927.24M | $884.9M | $1.02B | $1.1B | $1.07B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $15.5M | $8M | $20.24M | $6.08M | $11.82M | $15.91M | $7.87M | $15.91M | $36.44M | $10.64M | $24.18M | $16.9M | $21.86M | $21.05M |
| Short-Term Debt | $172.66M | $0 | $178.57M | $122.09M | $179.37M | $176.56M | $236.22M | $257.62M | $235M | $240M | $240M | $263M | $262.15M | $224.2M |
| Current Income Tax Payable | $0 | $814 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$122.09M | -$179.37M | -$176.56M | -$236.22M | -$257.62M | -$198.56M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$15.88M | $0 | $6.31M | $3.54M | $3.03M | $2.89M | $4.19M | $3.92M | -$272.05M | $4.62M | $6.3M | $60K | $1.72M | $4.47M |
| Total Current Liabilities | $172.66M | $8M | $205.9M | $133.08M | $195.25M | $196.36M | $249.4M | $279.04M | $36.44M | $256.16M | $271.27M | $280.89M | $286.73M | $249.72M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $193.1M | $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 | $16.51M | $1.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $16.51M | $194.18M | $178.82M | $122.09M | $179.37M | $176.56M | $236.22M | $257.62M | $235M | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | -$122.09M | -$179.37M | -$176.56M | -$236.22M | -$257.62M | $713K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $189.17M | $202.18M | $205.9M | $133.08M | $195.25M | $196.36M | $249.4M | $279.04M | $272.16M | $256.16M | $271.27M | $280.89M | $286.73M | $249.72M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $90K | $90K | $90K | $66K | $59K | $59K | $84K | $85K | $86K | $86K | $86K | $86K | $86K | $86K |
| Retained Earnings | -$259.21M | -$276.28M | -$272.39M | -$268.75M | -$207.13M | -$134.73M | -$219.2M | -$130.48M | -$4.56M | -$275.98M | -$404.74M | -$279.95M | -$201.74M | -$199.91M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$123.87M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $635.67M | $659.76M | $676.91M | $582.29M | $552.48M | $553.95M | $740.46M | $752.54M | $641.31M | $946.97M | $1.02B | $1.02B | $1.02B | $1.02B |
| Total Equity | $376.56M | $383.58M | $404.61M | $313.6M | $345.41M | $419.27M | $521.35M | $622.15M | $636.84M | $671.08M | $613.63M | $738.42M | $816.3M | $822.4M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $565.72M | $585.76M | $610.51M | $446.68M | $540.65M | $615.63M | $770.74M | $901.19M | $908.99M | $927.24M | $884.9M | $1.02B | $1.1B | $1.07B |
| Supplementary Data | ||||||||||||||
| Total Debt | $172.66M | $193.1M | $178.57M | $122.09M | $179.37M | $176.56M | $236.22M | $257.62M | $235M | $240M | $240M | $263M | $262.15M | $224.2M |
| Net Debt | $166.66M | $190.64M | $178.17M | $119.48M | $177.21M | $176.47M | $233M | $256.71M | $232.66M | $239.35M | $239.22M | $252.78M | $255.31M | $215.38M |
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 | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2014-04-30 | 2013-04-30 |
| Operating Activities | ||||||||||||||
| Net Income | $45.78M | $32.25M | $29.31M | -$30.51M | -$41.12M | $119.24M | -$47.81M | $38.47M | $15.63M | $116.71M | -$53.84M | -$6.77M | $68.69M | $142.96M |
| 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 | -$6.66M | $5.34M | -$3.99M | $11.24M | -$12.1M | $20.1M | -$6.49M | -$1.86M | $2.53M | $8.72M | -$6.93M | -$299K | -$1.16M | $12.03M |
| Inventory | $0 | $0 | $0 | $5.88M | $4.17M | -$7.89M | $8.22M | $15.88M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $12.09M | -$18.38M | $14.73M | -$5.88M | -$4.17M | $7.89M | -$8.22M | -$15.88M | $21.69M | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$158K | -$18.74M | -$14M | -$5.63M | -$4.11M | $7.94M | -$8.51M | -$15.73M | -$104K | $147K | $168K | $1.56M | $140K | -$1.64M |
| Total Working Capital Change | $5.27M | -$13.39M | -$3.25M | $5.61M | -$16.21M | $28.03M | -$15M | -$17.59M | $24.11M | $8.87M | -$6.76M | $1.26M | -$1.02M | $10.39M |
| Other Non-Cash Items | -$19.83M | $28.94M | -$148.7M | $83.39M | $90.36M | $129.03M | $142.32M | $7.41M | $18.13M | -$65.24M | $139.37M | $79.16M | -$32.81M | -$40.67M |
| Net Cash from Operating | $31.23M | $47.8M | -$122.65M | $58.49M | $33.03M | $276.3M | $79.51M | $28.29M | $57.88M | $60.34M | $78.77M | $73.65M | $34.86M | $112.68M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | -$3 | $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 | -$256.09M | -$280.96M | -$327.13M | -$595.85M | -$313.17M | -$334.93M | -$565.71M | -$897.68M | -$812.53M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $299.69M | $299.9M | $191.11M | $622.91M | $339.25M | $545M | $633.3M | $893.67M | $815.37M | $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 | $43.6M | $18.94M | -$136.02M | $27.07M | $26.08M | $210.07M | $67.6M | -$4.01M | $2.83M | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | $14.38M | -$3.94M | -$56.48M | $57.28M | $3.5M | $50M | $38.5M | -$11.5M | $5M | - | - | -$5M | - | - |
| Common Stock Issuance | $0 | $0 | $102.09M | $35.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$22K | $0 | -$179.3M | -$4.51M | -$6.27M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$57.22M | -$52.94M | -$39.2M | -$36.7M | -$32.74M | -$43.27M | -$48.27M | -$46.9M | -$50.47M | -$60.47M | -$65.21M | -$71.12M | -$74.79M | -$77M |
| Other Financing Activities | $0 | $4.19M | $102.09M | $35.74M | $2.81M | $0 | $0 | $11.12M | -$5M | $0 | -$23M | -$4.15M | $37.95M | -$29.68M |
| Net Cash from Financing | -$71.59M | -$44.81M | $119.37M | -$58.24M | -$29.93M | -$282.22M | -$74.18M | -$30.54M | -$55.47M | -$60.47M | -$88.22M | -$70.27M | -$36.83M | -$106.69M |
| Forex Effect | $307K | $14.52M | -$15.26M | -$27.07M | -$26.08M | -$210.07M | -$67.6M | $4.01M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $3.54M | $2.98M | -$3.27M | $249K | $3.11M | -$5.92M | $5.33M | -$2.25M | $2.4M | -$129K | -$9.45M | $3.38M | -$1.98M | $5.99M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $31.23M | $47.8M | -$122.65M | $58.49M | $33.03M | $276.3M | $79.51M | $28.29M | $57.88M | $60.34M | $78.77M | $73.65M | $34.86M | $112.68M |
| Capital Expenditure | $4 | $0 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $31.23M | $47.8M | -$122.65M | $58.49M | $33.03M | $276.3M | $79.51M | $28.29M | $57.88M | $60.34M | $78.77M | $73.65M | $34.86M | $112.68M |
| Cash at Beginning | $2.46M | $402K | $3.67M | $3.42M | $316K | $6.24M | $912K | $3.16M | $651K | $780K | $10.23M | $6.84M | $8.82M | $2.83M |
| Cash at End | $6M | $3.38M | $402K | $3.67M | $3.42M | $316K | $6.24M | $912K | $3.06M | $651K | $780K | $10.23M | $6.84M | $8.82M |