BlackRock MuniHoldings Quality Fund II Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock MuniHoldings Quality Fund II has a total shareholder equity of $254.7M and total debt of $111.6M, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are $367.7M and $113.0M respectively. BlackRock MuniHoldings Quality Fund II's EBIT is $14.4M making its interest coverage ratio 2.3. It has cash and short-term investments of $76.8K.
Key information
43.8%
Debt to equity ratio
US$111.60m
Debt
Interest coverage ratio | 2.3x |
Cash | US$76.82k |
Equity | US$254.68m |
Total liabilities | US$112.99m |
Total assets | US$367.67m |
Recent financial health updates
No updates
Recent updates
BlackRock MuniHoldings Quality Fund II declares $0.0335 dividend
Feb 03BlackRock MuniHoldings Quality Fund II declares $0.0335 dividend
Jan 06BlackRock MuniHoldings Quality Fund II decreases dividend by 19%
Dec 12BlackRock MuniHoldings Quality Fund II declares $0.0415 dividend
Nov 07BlackRock MuniHoldings Quality Fund II declares $0.0525 dividend
Sep 02BlackRock MuniHoldings Quality Fund II declares $0.0525 dividend
Aug 02BlackRock MuniHoldings Quality Fund II declares $0.0525 dividend
Jul 05BlackRock MuniHoldings Quality Fund II declares $0.0505 dividend
Feb 04BlackRock MuniHoldings Quality Fund II declares $0.0505 dividend
Jan 05BlackRock MuniHoldings Quality Fund II declares $0.0505 dividend
Dec 04BlackRock MuniHoldings Quality Fund II declares $0.0505 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: MUE's short term assets ($3.5M) do not cover its short term liabilities ($35.0M).
Long Term Liabilities: MUE's short term assets ($3.5M) do not cover its long term liabilities ($78.0M).
Debt to Equity History and Analysis
Debt Level: MUE's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: MUE's debt to equity ratio has reduced from 60.1% to 43.8% over the past 5 years.
Debt Coverage: MUE's debt is well covered by operating cash flow (47.2%).
Interest Coverage: MUE's interest payments on its debt are not well covered by EBIT (2.3x coverage).