BlackRock Long-Term Municipal Advantage Trust Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock Long-Term Municipal Advantage Trust has a total shareholder equity of $140.2M and total debt of $81.9M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are $224.7M and $84.5M respectively. BlackRock Long-Term Municipal Advantage Trust's EBIT is $9.2M making its interest coverage ratio 2.5. It has cash and short-term investments of $1.8M.
Key information
58.4%
Debt to equity ratio
US$81.89m
Debt
Interest coverage ratio | 2.5x |
Cash | US$1.77m |
Equity | US$140.20m |
Total liabilities | US$84.46m |
Total assets | US$224.66m |
Recent financial health updates
No updates
Recent updates
BlackRock Long-Term Municipal Advantage Trust declares $0.0435 dividend
Feb 03BlackRock Long-Term Municipal Advantage Trust declares $0.0435 dividend
Dec 12BlackRock Long-Term Municipal Advantage Trust declares $0.0435 dividend
Nov 07BlackRock Long-Term Municipal Advantage Trust declines dividend by 20.2% to $ 0.0435
Oct 06BlackRock Long-Term Municipal Advantage Trust declares $0.055 dividend
Sep 02BlackRock Long-Term Municipal Advantage Trust declares $0.0545 dividend
Aug 02BlackRock Long-Term Municipal Advantage Trust declares $0.0545 dividend
Jul 05BlackRock Long-Term Municipal Advantage Trust declares $0.05 dividend
May 07BlackRock Long-Term Municipal Advantage Trust declares $0.0505 dividend
Feb 04BlackRock Long-Term Municipal Advantage Trust declares $0.0505 dividend
Jan 05BlackRock Long-Term Municipal Advantage Trust declares $0.0505 dividend
Dec 04BlackRock Long-Term Municipal Advantage Trust declares $0.0505 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: BTA's short term assets ($4.9M) do not cover its short term liabilities ($84.5M).
Long Term Liabilities: BTA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BTA's net debt to equity ratio (57.2%) is considered high.
Reducing Debt: BTA's debt to equity ratio has reduced from 66.1% to 58.4% over the past 5 years.
Debt Coverage: BTA's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: BTA's interest payments on its debt are not well covered by EBIT (2.5x coverage).