BlackRock Floating Rate Income Trust Balance Sheet Health
Financial Health criteria checks 5/6
BlackRock Floating Rate Income Trust has a total shareholder equity of $287.8M and total debt of $98.2M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are $393.7M and $105.9M respectively. BlackRock Floating Rate Income Trust's EBIT is $32.7M making its interest coverage ratio 6.1. It has cash and short-term investments of $446.1K.
Key information
34.1%
Debt to equity ratio
US$98.25m
Debt
| Interest coverage ratio | 6.1x |
| Cash | US$446.09k |
| Equity | US$287.82m |
| Total liabilities | US$105.91m |
| Total assets | US$393.73m |
Recent financial health updates
No updates
Recent updates
BGT: A Very Good Floater CEF That Should Perform Well For Longer Than Market Thinks
Feb 22BGT: The Glory Days For Floaters May Be Ending
Dec 02BGT: A Golden Standard Leveraged Loan CEF, 11.7% Yield
Oct 21BGT: A Year Later, The Buy Case For Floaters Persists
Aug 17BGT: Amortizing 'Return Of Principal' Loan Fund
Jul 10BlackRock Floating Rate Income Trust declares $0.0781 dividend
Feb 13BlackRock Floating Rate Income Trust declares $0.0781 dividend
Jan 06FRA And BGT: Distribution Boosts And Wide Discounts
Oct 28BlackRock Floating Rate Income Trust raises monthly dividend by 20.7% to $0.0781 share
Oct 06BlackRock Floating Rate Income Trust declares $0.0647 dividend
Sep 02BGT: Floating Rate Debt Continues To Serve As A Hedge Against Rising Rates
Aug 08BlackRock Floating Rate Income Trust declares $0.0647 dividend
Aug 02BlackRock Floating Rate Income Trust declares $0.0647 dividend
Jul 05BGT: Value Re-Appears In This Floating Rate CEF
Apr 28BGT: Near-Term Outlook More Modest Now
Dec 15BGT: I See Merit To Buying Floaters
Aug 27BlackRock Floating Rate Income Trust declares $0.0647 dividend
May 07BlackRock Floating Rate Income Trust declares $0.0647 dividend
Dec 21BlackRock Floating Rate Income Trust declares $0.0764 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: BGT's short term assets ($7.4M) do not cover its short term liabilities ($105.9M).
Long Term Liabilities: BGT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BGT's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: BGT's debt to equity ratio has reduced from 39.5% to 34.1% over the past 5 years.
Debt Coverage: BGT's debt is well covered by operating cash flow (21%).
Interest Coverage: BGT's interest payments on its debt are well covered by EBIT (6.1x coverage).