BlackRock MuniYield Quality Fund III Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock MuniYield Quality Fund III has a total shareholder equity of $843.0M and total debt of $488.9M, which brings its debt-to-equity ratio to 58%. Its total assets and total liabilities are $1.3B and $494.9M respectively. BlackRock MuniYield Quality Fund III's EBIT is $52.0M making its interest coverage ratio 2.5. It has cash and short-term investments of $227.4K.
Key information
58.0%
Debt to equity ratio
US$488.90m
Debt
Interest coverage ratio | 2.5x |
Cash | US$227.44k |
Equity | US$842.98m |
Total liabilities | US$494.90m |
Total assets | US$1.34b |
Recent financial health updates
No updates
Recent updates
BlackRock MuniYield Quality Fund III declares $0.0405 dividend
Feb 03BlackRock MuniYield Quality Fund III declares $0.0405 dividend
Dec 12BlackRock MuniYield Quality Fund III declares $0.0405 dividend
Nov 07BlackRock MuniYield Quality Fund III declines dividend by 21.4% to $0.0405
Oct 06BlackRock MuniYield Quality Fund III declares $0.0515 dividend
Sep 02BlackRock MuniYield Quality Fund III declares $0.0515 dividend
Aug 02BlackRock MuniYield Quality Fund III declares $0.0515 dividend
Jul 05BlackRock MuniYield Quality III Fund declares $0.051 dividend
May 07BlackRock MuniYield Quality III Fund declares $0.0515 dividend
Feb 04BlackRock MuniYield Quality III Fund declares $0.0515 dividend
Jan 05BlackRock MuniYield Quality III Fund declares $0.0515 dividend
Dec 04Financial Position Analysis
Short Term Liabilities: MYI's short term assets ($16.7M) do not cover its short term liabilities ($138.8M).
Long Term Liabilities: MYI's short term assets ($16.7M) do not cover its long term liabilities ($356.1M).
Debt to Equity History and Analysis
Debt Level: MYI's net debt to equity ratio (58%) is considered high.
Reducing Debt: MYI's debt to equity ratio has reduced from 65.9% to 58% over the past 5 years.
Debt Coverage: MYI's debt is well covered by operating cash flow (22.9%).
Interest Coverage: MYI's interest payments on its debt are not well covered by EBIT (2.5x coverage).