BlackRock Core Bond Trust Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock Core Bond Trust has a total shareholder equity of $595.0M and total debt of $301.0M, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are $941.0M and $346.0M respectively. BlackRock Core Bond Trust's EBIT is $46.9M making its interest coverage ratio 2.7. It has cash and short-term investments of $2.0M.
Key information
50.6%
Debt to equity ratio
US$301.03m
Debt
Interest coverage ratio | 2.7x |
Cash | US$1.97m |
Equity | US$594.98m |
Total liabilities | US$346.00m |
Total assets | US$940.98m |
Recent financial health updates
No updates
Recent updates
BHK: Profit-Taking Is The Best Move Today (Rating Downgrade)
Feb 12BHK: Risks May Be Higher Than The Market Believes
Nov 22BHK: Investment Grade Portfolio May Struggle To Maintain 8.7% Yield
Sep 15BHK: Declining Assets And Market Seems Overly Optimistic
Jul 03BlackRock Core Bond Trust declares $0.0746 dividend
Jan 06BlackRock Core Bond Trust declares $0.0746 dividend
Oct 06BHK: We Are Not There Yet
Sep 15BlackRock Core Bond Trust declares $0.0746 dividend
Sep 02BlackRock Core Bond Trust declares $0.0746 dividend
Aug 02BlackRock Core Bond Trust declared $0.0746 dividend
Jul 05BHK: Moving From Sell To Hold On This CEF After The Rout
May 19BHK - Rates Driven Fixed Income CEF
Mar 19BHK: A Leveraged Bond Fund For Risk-Averse Income Seekers
Oct 16BlackRock Core Bond Trust declares $0.0746 dividend
Dec 21BHK: Narrowing Spread To NAV And Rising Rates Highlight Risks
Dec 03BlackRock Core Bond Trust declares $0.0676 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: BHK's short term assets ($25.1M) do not cover its short term liabilities ($345.1M).
Long Term Liabilities: BHK's short term assets ($25.1M) exceed its long term liabilities ($884.0K).
Debt to Equity History and Analysis
Debt Level: BHK's net debt to equity ratio (50.3%) is considered high.
Reducing Debt: BHK's debt to equity ratio has increased from 40.3% to 50.6% over the past 5 years.
Debt Coverage: BHK's debt is well covered by operating cash flow (44.9%).
Interest Coverage: BHK's interest payments on its debt are not well covered by EBIT (2.7x coverage).