BlackRock New York Municipal Income Trust Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock New York Municipal Income Trust has a total shareholder equity of $293.8M and total debt of $180.5M, which brings its debt-to-equity ratio to 61.5%. Its total assets and total liabilities are $476.7M and $182.9M respectively. BlackRock New York Municipal Income Trust's EBIT is $16.8M making its interest coverage ratio 2.1. It has cash and short-term investments of $160.2K.
Key information
61.5%
Debt to equity ratio
US$180.51m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$160.22k |
| Equity | US$293.75m |
| Total liabilities | US$182.90m |
| Total assets | US$476.65m |
Recent financial health updates
No updates
Recent updates
BlackRock New York Municipal Income Trust declares $0.0375 dividend
Feb 03BlackRock New York Municipal Income Trust declares $0.0375 dividend
Jan 06BlackRock New York Municipal Income Trust declares $0.0375 dividend
Dec 12BlackRock New York Municipal Income Trust declares $0.0375 dividend
Nov 07BlackRock New York Municipal Income Trust goes ex-dividend tomorrow
Oct 12BlackRock New York Municipal Income Trust declares $0.0465 dividend
Sep 02BlackRock New York Municipal Income Trust declares $0.0465 dividend
Aug 02BlackRock New York Municipal Income Trust declares $0.0465 dividend
Jul 05BlackRock New York Municipal Income Trust declares $0.056 dividend
May 07BlackRock New York Municipal Income Trust declares $0.0565 dividend
Feb 04BlackRock New York Municipal Income Trust declares $0.0565 dividend
Jan 05BlackRock New York Municipal Income Trust declares $0.0565 dividend
Dec 04BlackRock New York Municipal Income Trust declares $0.0565 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: BNY's short term assets ($5.1M) exceed its short term liabilities ($3.8M).
Long Term Liabilities: BNY's short term assets ($5.1M) do not cover its long term liabilities ($179.1M).
Debt to Equity History and Analysis
Debt Level: BNY's net debt to equity ratio (61.4%) is considered high.
Reducing Debt: BNY's debt to equity ratio has reduced from 69.9% to 61.5% over the past 5 years.
Debt Coverage: BNY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BNY's interest payments on its debt are not well covered by EBIT (2.1x coverage).