BlackRock Balance Sheet Health
Financial Health criteria checks 4/6
BlackRock has a total shareholder equity of $41.2B and total debt of $9.8B, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are $123.2B and $82.0B respectively. BlackRock's EBIT is $6.6B making its interest coverage ratio -32.5. It has cash and short-term investments of $8.7B.
Key information
23.8%
Debt to equity ratio
US$9.80b
Debt
Interest coverage ratio | -32.5x |
Cash | US$8.74b |
Equity | US$41.24b |
Total liabilities | US$81.97b |
Total assets | US$123.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BLK's short term assets ($17.7B) exceed its short term liabilities ($9.5B).
Long Term Liabilities: BLK's short term assets ($17.7B) do not cover its long term liabilities ($72.5B).
Debt to Equity History and Analysis
Debt Level: BLK's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: BLK's debt to equity ratio has increased from 15.3% to 23.8% over the past 5 years.
Debt Coverage: BLK's debt is well covered by operating cash flow (42.5%).
Interest Coverage: BLK earns more interest than it pays, so coverage of interest payments is not a concern.