BlackRock MuniHoldings New York Quality Fund Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock MuniHoldings New York Quality Fund has a total shareholder equity of $369.7M and total debt of $245.6M, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are $618.5M and $248.8M respectively.
Key information
66.4%
Debt to equity ratio
US$245.59m
Debt
| Interest coverage ratio | 2.1x |
| Cash | n/a |
| Equity | US$369.67m |
| Total liabilities | US$248.79m |
| Total assets | US$618.46m |
Recent financial health updates
No updates
Recent updates
BlackRock MuniHoldings New York Quality Fund declares $0.0365 dividend
Feb 03BlackRock MuniHoldings New York Quality Fund declares $0.0365 dividend
Jan 06BlackRock MuniHoldings New York Quality Fund declares $0.0365 dividend
Dec 09BlackRock MuniHoldings New York Quality Fund declares $0.0365 dividend
Nov 07BlackRock MuniHoldings New York Quality Fund declares $0.0445 dividend
Sep 02BlackRock MuniHoldings New York Quality Fund declares $0.0445 dividend
Aug 02BlackRock MuniHoldings New York Quality Fund declares $0.054 dividend
May 07BlackRock MuniHoldings New York Quality Fund declares $0.0545 dividend
Feb 04BlackRock MuniHoldings New York Quality Fund declares $0.0545 dividend
Jan 05BlackRock MuniHoldings New York Quality Fund declares $0.0545 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: MHN's short term assets ($7.5M) exceed its short term liabilities ($5.5M).
Long Term Liabilities: MHN's short term assets ($7.5M) do not cover its long term liabilities ($243.3M).
Debt to Equity History and Analysis
Debt Level: MHN's net debt to equity ratio (66.4%) is considered high.
Reducing Debt: MHN's debt to equity ratio has reduced from 67.2% to 66.4% over the past 5 years.
Debt Coverage: MHN's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: MHN's interest payments on its debt are not well covered by EBIT (2.1x coverage).