BlackRock MuniAssets Fund Balance Sheet Health
Financial Health criteria checks 5/6
BlackRock MuniAssets Fund has a total shareholder equity of $439.2M and total debt of $4.5M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are $623.4M and $184.2M respectively. BlackRock MuniAssets Fund's EBIT is $26.4M making its interest coverage ratio 3.3. It has cash and short-term investments of $4.0M.
Key information
1.0%
Debt to equity ratio
US$4.50m
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$4.00m |
| Equity | US$439.21m |
| Total liabilities | US$184.20m |
| Total assets | US$623.41m |
Recent financial health updates
No updates
Recent updates
BlackRock MuniAssets Fund declares $0.0455 dividend
Feb 03BlackRock MuniAssets Fund declares $0.0455 dividend
Jan 06BlackRock MuniAssets Fund declares $0.0455 dividend
Dec 12BlackRock MuniAssets Fund declares $0.0455 dividend
Nov 07BlackRock MuniAssets Fund declares $0.0455 dividend
Oct 06BlackRock MuniAssets Fund declares $0.0455 dividend
Sep 02BlackRock MuniAssets Fund declares $0.0455 dividend
Aug 02BlackRock MuniAssets Fund declares $0.0455 dividend
Jul 05BlackRock MuniAssets Fund declares $0.052 dividend
May 07BlackRock MuniAssets Fund declares $0.0525 dividend
Feb 04BlackRock MuniAssets Fund declares $0.0525 dividend
Jan 05Financial Position Analysis
Short Term Liabilities: MUA's short term assets ($14.8M) exceed its short term liabilities ($9.3M).
Long Term Liabilities: MUA's short term assets ($14.8M) do not cover its long term liabilities ($174.9M).
Debt to Equity History and Analysis
Debt Level: MUA's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: MUA's debt to equity ratio has reduced from 14.1% to 1% over the past 5 years.
Debt Coverage: MUA's debt is well covered by operating cash flow (960%).
Interest Coverage: MUA's interest payments on its debt are well covered by EBIT (3.3x coverage).