BlackRock MuniHoldings California Quality Fund Balance Sheet Health
Financial Health criteria checks 1/6
BlackRock MuniHoldings California Quality Fund has a total shareholder equity of $1.2B and total debt of $673.6M, which brings its debt-to-equity ratio to 56.1%. Its total assets and total liabilities are $1.9B and $680.9M respectively. BlackRock MuniHoldings California Quality Fund's EBIT is $66.2M making its interest coverage ratio 2.6. It has cash and short-term investments of $6.8M.
Key information
56.1%
Debt to equity ratio
US$673.59m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$6.83m |
| Equity | US$1.20b |
| Total liabilities | US$680.92m |
| Total assets | US$1.88b |
Recent financial health updates
No updates
Recent updates
MUC: When Discounts Aren't Enough (Rating Downgrade)
Jul 28MUC Vs. NAC: Comparing California Quality Muni Funds
Jun 02BlackRock MuniHoldings California Quality Fund declares $0.0385 dividend
Feb 03BlackRock MuniHoldings California Quality Fund raises monthly dividend by 14.3% to $0.044/share
Dec 09BlackRock MuniHoldings California Quality Fund declares $0.044 dividend
Nov 07BlackRock MuniHoldings California Quality Fund declines dividend by 20% to $0.044
Oct 06BlackRock MuniHoldings California Quality Fund declares $0.055 dividend
Aug 02MUC: There Is Value At These Levels
Jul 19BlackRock MuniHoldings California Quality Fund declares $0.055 dividend
May 07BlackRock MuniHoldings California Quality Fund declares $0.055 dividend
Dec 04Financial Position Analysis
Short Term Liabilities: MUC's short term assets ($22.8M) do not cover its short term liabilities ($154.5M).
Long Term Liabilities: MUC's short term assets ($22.8M) do not cover its long term liabilities ($526.4M).
Debt to Equity History and Analysis
Debt Level: MUC's net debt to equity ratio (55.6%) is considered high.
Reducing Debt: MUC's debt to equity ratio has reduced from 69.4% to 56.1% over the past 5 years.
Debt Coverage: MUC's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: MUC's interest payments on its debt are not well covered by EBIT (2.6x coverage).