BlackRock MuniVest Fund II Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock MuniVest Fund II has a total shareholder equity of $260.2M and total debt of $109.3M, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are $371.0M and $110.8M respectively. BlackRock MuniVest Fund II's EBIT is $15.2M making its interest coverage ratio 2.4. It has cash and short-term investments of $3.8M.
Key information
42.0%
Debt to equity ratio
US$109.32m
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$3.82m |
| Equity | US$260.23m |
| Total liabilities | US$110.78m |
| Total assets | US$371.02m |
Recent financial health updates
No updates
Recent updates
BlackRock MuniVest Fund II declares $0.0355 dividend
Feb 03BlackRock MuniVest Fund II decreases dividend by 11%
Dec 12BlackRock MuniVest Fund II declares $0.04 dividend
Nov 07BlackRock MuniVest Fund II declares $0.05 dividend
Sep 02BlackRock MuniVest Fund II declares $0.05 dividend
Aug 02BlackRock MuniVest Fund II declares $0.05 dividend
Jul 05BlackRock MuniVest Fund II declares $0.0585 dividend
Jan 05BlackRock MuniVest Fund II declares $0.0585 dividend
Dec 04BlackRock MuniVest Fund II declares $0.0585 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: MVT's short term assets ($9.5M) do not cover its short term liabilities ($33.1M).
Long Term Liabilities: MVT's short term assets ($9.5M) do not cover its long term liabilities ($77.7M).
Debt to Equity History and Analysis
Debt Level: MVT's net debt to equity ratio (40.5%) is considered high.
Reducing Debt: MVT's debt to equity ratio has reduced from 59.3% to 42% over the past 5 years.
Debt Coverage: MVT's debt is well covered by operating cash flow (67.8%).
Interest Coverage: MVT's interest payments on its debt are not well covered by EBIT (2.4x coverage).