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Blackrock Muniyield New Jersey Fund (Blackrock Muniyield New Jersey Fund) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2022)


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What is Blackrock Muniyield New Jersey Fund Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Blackrock Muniyield New Jersey Fund's annualized positive value of Interest Expense for the quarter that ended in Jan. 2022 was $1.84 Mil. Blackrock Muniyield New Jersey Fund's average total debt for the quarter that ended in Jan. 2022 was $0.00 Mil. Therefore, Blackrock Muniyield New Jersey Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2022 was N/A%.

Blackrock Muniyield New Jersey Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Blackrock Muniyield New Jersey Fund's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blackrock Muniyield New Jersey Fund Effective Interest Rate on Debt % Chart

Blackrock Muniyield New Jersey Fund Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21
Effective Interest Rate on Debt %
1,612.77 1,571.08 477.45 203.80 -

Blackrock Muniyield New Jersey Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 225.51 - - - -

Competitive Comparison of Blackrock Muniyield New Jersey Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Blackrock Muniyield New Jersey Fund's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Blackrock Muniyield New Jersey Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Muniyield New Jersey Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Blackrock Muniyield New Jersey Fund's Effective Interest Rate on Debt % falls into.


Blackrock Muniyield New Jersey Fund Effective Interest Rate on Debt % Calculation

Blackrock Muniyield New Jersey Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2020 )+Total Debt  (A: Jul. 2021 ))/ count )
=-1  *  -1.927/( (0+0)/ 1 )
=-1  *  -1.927/0
=N/A %

where

Total Debt  (A: Jul. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Total Debt  (A: Jul. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Blackrock Muniyield New Jersey Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2021 )+Total Debt  (Q: Jan. 2022 ))/ count )
=-1  *  -1.842/( (0+0)/ 1 )
=-1  *  -1.842/0
=N/A %

where

Total Debt  (Q: Jul. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Total Debt  (Q: Jan. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Jan. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Blackrock Muniyield New Jersey Fund  (NYSE:MYJ) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Blackrock Muniyield New Jersey Fund Effective Interest Rate on Debt % Related Terms

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Blackrock Muniyield New Jersey Fund (Blackrock Muniyield New Jersey Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Muniyield New Jersey Fund Inc (NYSE:MYJ) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Website
https://www.blackrock.com
Blackrock Muniyield New Jersey Fund Inc is a closed-end management investment company. The fund's objective is to provide a high level of current income exempt from Federal and New Jersey income taxes. The fund invests primarily in investment-grade New Jersey municipal obligations.
Executives
Jaeckel Theodore R Jr other: Portfolio Manager 800SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
John Perlowski director, officer: See Remarks 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Peter Hayes other: Officer of the Advisor 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Wells Fargo Bank N A 10 percent owner 101 NORTH PHILLIPS AVENUE, SIOUX FALLS SD 57104
Wells Fargo & Company/mn 10 percent owner 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Michael J Castellano director C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055
Phillip Soccio other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Timothy T Browse other: Portfolio Manager 800 SCUDDERS MILLRD, PLAINSBORO NJ 08536
Cynthia Egan director 7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055