BlackRock High Yield Fund Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock High Yield Fund has a total shareholder equity of $1.4B and total debt of $596.0M, which brings its debt-to-equity ratio to 42.9%. Its total assets and total liabilities are $2.0B and $611.5M respectively. BlackRock High Yield Fund's EBIT is $130.7M making its interest coverage ratio 3.8. It has cash and short-term investments of $17.5K.
Key information
42.9%
Debt to equity ratio
US$596.03m
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$17.54k |
| Equity | US$1.39b |
| Total liabilities | US$611.46m |
| Total assets | US$2.00b |
Recent financial health updates
No updates
Recent updates
HYT: Leveraged High-Yield Bond Fund Faces Trifecta Of Headwinds
Apr 13HYT: Wait For A Wider Discount To NAV Before Buying
Jan 29HYT: A Solid Junk Bond Fund With A Sustainable 10.70% Yield
Nov 13HYT: Surprisingly Strong Recent Performance And Improving Financials
Sep 07HYT: Wait For Price To Drop Before Buying In Due To Risks
Jun 28BlackRock Corporate High Yield Fund goes ex-dividend tomorrow
Feb 13HYT: Moving From Buy To Hold On This High Yield CEF
Feb 03BlackRock Corporate High Yield Fund goes ex-dividend on Monday
Nov 11HYT: Rights Offering Results Quick Notes
Oct 24HYT Rights Offering Results And Implications
Oct 14HYT: Rights Offering Quick Notes
Sep 23BlackRock Corporate High Yield Fund declares $0.0779 dividend
Sep 08BlackRock Corporate High Yield Fund declares $0.0779 dividend
Sep 02BlackRock Corporate High Yield Fund declares $0.0779 dividend
Aug 05HYT: Don't Fall For This 9% Dividend Fund
Jul 24BlackRock Corporate High Yield Fund declares $0.0779 dividend
Jul 05HYT: Time To Buy This 9% Yield
Apr 28HYT: Tempting Valuation Right Now
Jan 26HYT: Fight The Fed With This 7.5% Yielder
Aug 25BlackRock Corporate High Yield Fund declares $0.0779 dividend
May 07HYT: Stay Patient, Don't Chase Returns Here
May 04BlackRock Corporate High Yield Fund declares $0.0779 dividend
Feb 04BlackRock Corporate High Yield Fund declares $0.0779 dividend
Dec 21BlackRock Corporate High Yield Fund declares $0.0779 dividend
Dec 04BlackRock Corporate High Yield Fund declares $0.0779 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: HYT's short term assets ($44.4M) do not cover its short term liabilities ($611.5M).
Long Term Liabilities: HYT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HYT's net debt to equity ratio (42.9%) is considered high.
Reducing Debt: HYT's debt to equity ratio has increased from 39.9% to 42.9% over the past 5 years.
Debt Coverage: HYT's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: HYT's interest payments on its debt are well covered by EBIT (3.8x coverage).