BlackRock MuniYield Quality Fund Balance Sheet Health
Financial Health criteria checks 1/6
BlackRock MuniYield Quality Fund has a total shareholder equity of $957.5M and total debt of $517.7M, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are $1.5B and $531.1M respectively.
Key information
54.1%
Debt to equity ratio
US$517.69m
Debt
| Interest coverage ratio | 2.7x |
| Cash | n/a |
| Equity | US$957.55m |
| Total liabilities | US$531.14m |
| Total assets | US$1.49b |
Recent financial health updates
No updates
Recent updates
BlackRock MuniYield Quality Fund declares $0.047 dividend
Feb 03BlackRock MuniYield Quality Fund declares $0.047 dividend
Dec 12BlackRock MuniYield Quality Fund declares $0.047 dividend
Nov 07BlackRock MuniYield Quality Fund declines dividend by 16% to $0.047
Oct 06BlackRock MuniYield Quality Fund declares $0.056 dividend
Sep 02BlackRock MuniYield Quality Fund declares $0.056 dividend
Aug 02BlackRock MuniYield Quality Fund declares $0.056 dividend
Jul 05BlackRock MuniYield Quality Fund declares $0.063 dividend
Feb 04BlackRock MuniYield Quality Fund declares $0.063 dividend
Dec 04BlackRock MuniYield Quality Fund declares $0.063 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: MQY's short term assets ($18.0M) do not cover its short term liabilities ($80.9M).
Long Term Liabilities: MQY's short term assets ($18.0M) do not cover its long term liabilities ($450.3M).
Debt to Equity History and Analysis
Debt Level: MQY's net debt to equity ratio (54.1%) is considered high.
Reducing Debt: MQY's debt to equity ratio has reduced from 64.5% to 54.1% over the past 5 years.
Debt Coverage: MQY's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: MQY's interest payments on its debt are not well covered by EBIT (2.7x coverage).