BlackRock Credit Allocation Income Trust Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock Credit Allocation Income Trust has a total shareholder equity of $1.1B and total debt of $590.9M, which brings its debt-to-equity ratio to 54.6%. Its total assets and total liabilities are $1.8B and $683.8M respectively. BlackRock Credit Allocation Income Trust's EBIT is $93.7M making its interest coverage ratio 3.3. It has cash and short-term investments of $1.5K.
Key information
54.6%
Debt to equity ratio
US$590.86m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$1.48k |
| Equity | US$1.08b |
| Total liabilities | US$683.81m |
| Total assets | US$1.77b |
Recent financial health updates
No updates
Recent updates
BTZ: A Decent Multi-Sector Bond Fund, But Lack Of Floaters A Risk
Mar 12BTZ: Good Debt Allocation Fund, But Fixed-Rate Bonds Might Be Overpriced
Dec 18BTZ: Decent Fund, But May Be Best Suited For A Pair Trade
Oct 12BTZ: This CEF Remains Attractively Valued
Aug 07BlackRock Credit Allocation Income Trust IV declares $0.0839 dividend
Feb 13BlackRock Credit Allocation Income Trust IV declares $0.0839 dividend
Jan 06BlackRock Credit Allocation Income Trust IV goes ex-dividend on Monday
Nov 11BTZ: Lock In Your 10% Yield Before It Bounces
Oct 29BlackRock Credit Allocation Income Trust IV declares $0.0839 dividend
Oct 06BlackRock Credit Allocation Income Trust IV declares $0.0839 dividend
Sep 02BlackRock Credit Allocation Income Trust IV declares $0.0839 dividend
Aug 05BTZ: Moving From Sell To Hold After A -14% Drop
Apr 26BTZ: More Weakness Ahead Despite A Solid Build
Jan 22BTZ: Attractive Returns, Attractive Distribution, But Interest Rates Could Be A Risk Here
Nov 04BTZ: Strong Diversified Bond CEF, 6.5% Distribution Yield, But Lower Returns And Alpha Vs. Peers
Aug 03BTZ: Watch Interest Rate Risks With This Otherwise Appealing Fund
Jun 16BlackRock Credit Allocation Income Trust IV declares $0.0839 dividend
May 07BlackRock Credit Allocation Income Trust IV declares $0.0839 dividend
Dec 21PIMCO And BlackRock CEFs: 10.9% And 6.8% Yields
Nov 28BTZ: Multi-Sector Bond Fund Paying A 6.91% Yield
Nov 24BlackRock Credit Allocation Income Trust IV declares $0.0839 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: BTZ's short term assets ($41.1M) do not cover its short term liabilities ($683.8M).
Long Term Liabilities: BTZ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BTZ's net debt to equity ratio (54.6%) is considered high.
Reducing Debt: BTZ's debt to equity ratio has increased from 45.5% to 54.6% over the past 5 years.
Debt Coverage: BTZ's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: BTZ's interest payments on its debt are well covered by EBIT (3.3x coverage).