BlackRock California Municipal Income Trust Balance Sheet Health
Financial Health criteria checks 3/6
BlackRock California Municipal Income Trust has a total shareholder equity of $394.3M and total debt of $206.4M, which brings its debt-to-equity ratio to 52.4%. Its total assets and total liabilities are $601.7M and $207.4M respectively.
Key information
52.4%
Debt to equity ratio
US$206.44m
Debt
Interest coverage ratio | 2.8x |
Cash | n/a |
Equity | US$394.33m |
Total liabilities | US$207.42m |
Total assets | US$601.74m |
Recent financial health updates
No updates
Recent updates
BlackRock California Municipal Income Trust raises dividend by 14.7%
Feb 03BlackRock California Municipal Income Trust declares $0.034 dividend
Jan 06BlackRock California Municipal Income Trust declares $0.034 dividend
Dec 12BlackRock California Municipal Income Trust declares $0.034 dividend
Nov 07BlackRock California Municipal Income Trust declines dividend by 20.9% to $0.034
Oct 06BlackRock California Municipal Income Trust declares $0.043 dividend
Aug 02BlackRock California Municipal Income Trust declares $0.043 dividend
May 07BlackRock California Municipal Income Trust declares $0.038 dividend
Feb 04BlackRock California Municipal Income Trust declares $0.038 dividend
Jan 05BlackRock California Municipal Income Trust declares $0.038 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: BFZ's short term assets ($11.8M) do not cover its short term liabilities ($207.4M).
Long Term Liabilities: BFZ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BFZ's net debt to equity ratio (52.4%) is considered high.
Reducing Debt: BFZ's debt to equity ratio has reduced from 69.6% to 52.4% over the past 5 years.
Debt Coverage: BFZ's debt is well covered by operating cash flow (42.7%).
Interest Coverage: BFZ's interest payments on its debt are not well covered by EBIT (2.8x coverage).