BlackRock Municipal Income Trust Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock Municipal Income Trust has a total shareholder equity of $507.1M and total debt of $260.8M, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are $782.1M and $275.0M respectively. BlackRock Municipal Income Trust's EBIT is $30.6M making its interest coverage ratio 1.7. It has cash and short-term investments of $8.0M.
Key information
51.4%
Debt to equity ratio
US$260.79m
Debt
Interest coverage ratio | 1.7x |
Cash | US$8.03m |
Equity | US$507.10m |
Total liabilities | US$274.97m |
Total assets | US$782.06m |
Recent financial health updates
No updates
Recent updates
BlackRock Municipal Income Trust declares $0.0365 dividend
Feb 03BlackRock Municipal Income Trust declares $0.0365 dividend
Jan 06BlackRock Municipal Income Trust declares $0.0365 dividend
Dec 12BlackRock Municipal Income Trust declares $0.0365 dividend
Nov 07BlackRock Municipal Income Trust declines dividend by 21.5% to $0.0365
Oct 06BlackRock Municipal Income Trust declares $0.0465 dividend
Sep 02BlackRock Municipal Income Trust declares $0.0465 dividend
Aug 02BlackRock Municipal Income Trust declares $0.0465 dividend
Jul 05BlackRock Municipal Income Trust declares $0.058 dividend
May 07BlackRock Municipal Income Trust declares $0.0585 dividend
Feb 04BlackRock Municipal Income Trust declares $0.0585 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: BFK's short term assets ($26.8M) do not cover its short term liabilities ($120.9M).
Long Term Liabilities: BFK's short term assets ($26.8M) do not cover its long term liabilities ($154.1M).
Debt to Equity History and Analysis
Debt Level: BFK's net debt to equity ratio (49.8%) is considered high.
Reducing Debt: BFK's debt to equity ratio has reduced from 61.5% to 51.4% over the past 5 years.
Debt Coverage: BFK's debt is well covered by operating cash flow (35.7%).
Interest Coverage: BFK's interest payments on its debt are not well covered by EBIT (1.7x coverage).