BlackRock Municipal Income Quality Trust Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock Municipal Income Quality Trust has a total shareholder equity of $333.8M and total debt of $177.4M, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are $518.1M and $184.3M respectively.
Key information
53.2%
Debt to equity ratio
US$177.45m
Debt
Interest coverage ratio | 2.8x |
Cash | n/a |
Equity | US$333.82m |
Total liabilities | US$184.28m |
Total assets | US$518.10m |
Recent financial health updates
No updates
Recent updates
BlackRock Municipal Income Quality Trust declares $0.038 dividend
Feb 03BlackRock Municipal Income Quality Trust decreases dividend by 17%
Dec 12BlackRock Municipal Income Quality Trust declares $0.046 dividend
Nov 07BlackRock Municipal Income Quality Trust declines dividend by 20.7% to $0.046
Oct 06BlackRock Municipal Income Quality Trust declares $0.058 dividend
Sep 02BlackRock Municipal Income Quality Trust declares $0.058 dividend
Aug 02BlackRock Municipal Income Quality Trust declares $0.058 dividend
Jul 05BlackRock Municipal Income Quality Trust declares $0.058 dividend
May 07BlackRock Municipal Income Quality Trust declares $0.058 dividend
Feb 04BlackRock Municipal Income Quality Trust declares $0.058 dividend
Jan 05BlackRock Municipal Income Quality Trust declares $0.058 dividend
Dec 04Financial Position Analysis
Short Term Liabilities: BYM's short term assets ($5.2M) do not cover its short term liabilities ($47.1M).
Long Term Liabilities: BYM's short term assets ($5.2M) do not cover its long term liabilities ($137.2M).
Debt to Equity History and Analysis
Debt Level: BYM's net debt to equity ratio (53.2%) is considered high.
Reducing Debt: BYM's debt to equity ratio has reduced from 64.1% to 53.2% over the past 5 years.
Debt Coverage: BYM's debt is well covered by operating cash flow (35.2%).
Interest Coverage: BYM's interest payments on its debt are not well covered by EBIT (2.8x coverage).