BlackRock Floating Rate Income Strategies Fund Balance Sheet Health
Financial Health criteria checks 4/6
BlackRock Floating Rate Income Strategies Fund has a total shareholder equity of $467.3M and total debt of $144.8M, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are $623.0M and $155.7M respectively. BlackRock Floating Rate Income Strategies Fund's EBIT is $52.1M making its interest coverage ratio 6.2. It has cash and short-term investments of $970.0.
Key information
31.0%
Debt to equity ratio
US$144.75m
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$970.00 |
| Equity | US$467.34m |
| Total liabilities | US$155.67m |
| Total assets | US$623.00m |
Recent financial health updates
No updates
Recent updates
FRA: A Good Way To Hedge Your 2024 Interest Rate Risk
Dec 20FRA: Continuing To Benefit From Higher Rates
Oct 15FRA: A Good 11%-Yielding CEF To Buy For Income Today
Aug 16FRA: Another Distribution Increase
Jun 05BlackRock Floating Rate Income Strategies Fund declares $0.0804 dividend
Jan 06BlackRock Floating Rate Income Strategies Fund goes ex-dividend on Monday
Nov 11BlackRock Floating Rate Income Strategies Fund raises monthly dividend by 20.5% to $0.0804/share
Oct 06FRA: Fully Covered 6.59% Distribution, Protection From Rising Rates
Aug 31BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Aug 05BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Jul 05FRA: Deeply Discounted
May 13FRA: 5.8% Distribution Yield, Floating Rate Investments
Jan 20BlackRock Floating Rate Income Strategies Fund: Don't Fear Higher Interest Rates, Embrace Them
Oct 17FRA: Floating Rate Fund Worth Taking A Look At
Jul 05BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
May 07BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Feb 04BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Dec 21BlackRock Floating Rate Income Strategies Fund declares $0.0788 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: FRA's short term assets ($10.2M) do not cover its short term liabilities ($11.7M).
Long Term Liabilities: FRA's short term assets ($10.2M) do not cover its long term liabilities ($144.0M).
Debt to Equity History and Analysis
Debt Level: FRA's net debt to equity ratio (31%) is considered satisfactory.
Reducing Debt: FRA's debt to equity ratio has reduced from 38.2% to 31% over the past 5 years.
Debt Coverage: FRA's debt is well covered by operating cash flow (31.7%).
Interest Coverage: FRA's interest payments on its debt are well covered by EBIT (6.2x coverage).