BlackRock Investment Quality Municipal Trust Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock Investment Quality Municipal Trust has a total shareholder equity of $226.1M and total debt of $102.7M, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are $336.5M and $110.4M respectively.
Key information
45.4%
Debt to equity ratio
US$102.70m
Debt
| Interest coverage ratio | 2.3x |
| Cash | n/a |
| Equity | US$226.07m |
| Total liabilities | US$110.43m |
| Total assets | US$336.50m |
Recent financial health updates
No updates
Recent updates
BlackRock Investment Quality Municipal Trust declares $0.0445 dividend
Feb 03BlackRock Investment Quality Municipal Trust declares $0.0445 dividend
Jan 06BlackRock Investment Quality Municipal Trust cut dividend by -17.6% to $0.0445/share
Dec 09BlackRock Investment Quality Municipal Trust declares $0.054 dividend
Nov 07BlackRock Investment Quality Municipal Trust declines dividend by 20.6% to $0.054
Oct 06BlackRock Investment Quality Municipal Trust declares $0.068 dividend
Sep 02BlackRock Investment Quality Municipal Trust declares $0.068 dividend
Aug 02BlackRock Investment Quality Municipal Trust declares $0.068 dividend
Jul 05BKN: Strong Municipal Bond CEF, Diversified Holdings, 5.3% Distribution Yield, Industry-Beating Returns
Feb 27BlackRock Investment Quality Municipal Trust declares $0.068 dividend
Jun 02BlackRock Investment Quality Municipal Trust declares $0.068 dividend
May 07BlackRock Investment Quality Municipal Trust declares $0.068 dividend
Feb 04BlackRock Investment Quality Municipal Trust declares $0.068 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: BKN's short term assets ($8.3M) do not cover its short term liabilities ($42.6M).
Long Term Liabilities: BKN's short term assets ($8.3M) do not cover its long term liabilities ($67.8M).
Debt to Equity History and Analysis
Debt Level: BKN's net debt to equity ratio (45.4%) is considered high.
Reducing Debt: BKN's debt to equity ratio has reduced from 65.7% to 45.4% over the past 5 years.
Debt Coverage: BKN's debt is well covered by operating cash flow (51.8%).
Interest Coverage: BKN's interest payments on its debt are not well covered by EBIT (2.3x coverage).