GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock New York Muni Income Tr II (AMEX:BFY) » Definitions » Effective Interest Rate on Debt %

Blackrock New York Muniome Tr II (Blackrock New York Muniome Tr II) Effective Interest Rate on Debt % : 901.41% (As of Aug. 2020)


View and export this data going back to 2002. Start your Free Trial

What is Blackrock New York Muniome Tr II 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 New York Muniome Tr II's annualized positive value of Interest Expense for the quarter that ended in Aug. 2020 was $0.64 Mil. Blackrock New York Muniome Tr II's average total debt for the quarter that ended in Aug. 2020 was $0.07 Mil. Therefore, Blackrock New York Muniome Tr II's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2020 was 901.41%.


Blackrock New York Muniome Tr II Effective Interest Rate on Debt % Historical Data

The historical data trend for Blackrock New York Muniome Tr II'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 New York Muniome Tr II Effective Interest Rate on Debt % Chart

Blackrock New York Muniome Tr II Annual Data
Trend Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 146.76 247.94 - - 1,198.59

Blackrock New York Muniome Tr II Semi-Annual Data
Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 8,871.43 9,285.71 - 901.41

Competitive Comparison of Blackrock New York Muniome Tr II's Effective Interest Rate on Debt %

For the Asset Management subindustry, Blackrock New York Muniome Tr II'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 New York Muniome Tr II's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock New York Muniome Tr II's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Blackrock New York Muniome Tr II's Effective Interest Rate on Debt % falls into.



Blackrock New York Muniome Tr II Effective Interest Rate on Debt % Calculation

Blackrock New York Muniome Tr II's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2019 )+Total Debt  (A: Aug. 2020 ))/ count )
=-1  *  -0.851/( (0+0.071)/ 1 )
=-1  *  -0.851/0.071
=1,198.59 %

where

Blackrock New York Muniome Tr II's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2020 )+Total Debt  (Q: Aug. 2020 ))/ count )
=-1  *  -0.64/( (0+0.071)/ 1 )
=-1  *  -0.64/0.071
=901.41 %

where

* 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 (Aug. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Blackrock New York Muniome Tr II  (AMEX:BFY) Effective Interest Rate on Debt % Explanation

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


Blackrock New York Muniome Tr II Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Blackrock New York Muniome Tr II's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Blackrock New York Muniome Tr II (Blackrock New York Muniome Tr II) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock New York Muni Income Tr II is close-ended asset management firm launched by BlackRock Inc. Its investment objective is to provide current income exempt from regular U.S. federal income tax and New York State and New York City personal income taxes. The company provides a range of investment and risk management services to corporate and retail clients across the globe.
Executives
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Henry Gabbay director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Michael Perilli other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055
Michael Kalinoski other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Cynthia Egan director 7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio officer: Vice President 55 EAST 52ND STREET, NEW YORK NY 10055
Barbara Novick director 21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park officer: Chief Compliance Officer 55 EAST 52ND STREET, NEW YORK NY 10055
Michael J Castellano director C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Janey Ahn officer: Secretary 55 EAST 52ND STREET, NEW YORK NY 10055
Robert Crothers officer: Vice President 55 EAST 52ND STREET, NEW YORK NY 10055

Blackrock New York Muniome Tr II (Blackrock New York Muniome Tr II) Headlines

No Headlines