GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BLACKROCK MUNIYIELD QUALITY FUND III, INC. (NYSE:MYI) » Definitions » Effective Interest Rate on Debt %

BLACKROCK MUNIYIELD QUALITY FUND III, (BLACKROCK MUNIYIELD QUALITY FUND III,) Effective Interest Rate on Debt %

: 12,859.65% (As of Jan. 2024)
View and export this data going back to . Start your Free Trial

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 QUALITY FUND III,'s annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $21.99 Mil. BLACKROCK MUNIYIELD QUALITY FUND III,'s average total debt for the quarter that ended in Jan. 2024 was $0.17 Mil. Therefore, BLACKROCK MUNIYIELD QUALITY FUND III,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 12,859.65%.


BLACKROCK MUNIYIELD QUALITY FUND III, Effective Interest Rate on Debt % Historical Data

The historical data trend for BLACKROCK MUNIYIELD QUALITY FUND III,'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 QUALITY FUND III, Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only 2,783.58 - - - 11,110.53

BLACKROCK MUNIYIELD QUALITY FUND III, Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Effective Interest Rate on Debt % 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 2,380.43 6,234.78 8.71 21.40 12,859.65

Competitive Comparison

For the Asset Management subindustry, BLACKROCK MUNIYIELD QUALITY FUND III,'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 QUALITY FUND III, Effective Interest Rate on Debt % Distribution

For the Asset Management industry and Financial Services sector, BLACKROCK MUNIYIELD QUALITY FUND III,'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where BLACKROCK MUNIYIELD QUALITY FUND III,'s Effective Interest Rate on Debt % falls into.



BLACKROCK MUNIYIELD QUALITY FUND III, Effective Interest Rate on Debt % Calculation

BLACKROCK MUNIYIELD QUALITY FUND III,'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2022 )+Total Debt  (A: Jul. 2023 ))/ count )
=-1  *  -18.999/( (0+0.171)/ 1 )
=-1  *  -18.999/0.171
=11,110.53 %

where

BLACKROCK MUNIYIELD QUALITY FUND III,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -21.99/( (0.171+0)/ 1 )
=-1  *  -21.99/0.171
=12,859.65 %

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


BLACKROCK MUNIYIELD QUALITY FUND III,  (NYSE:MYI) 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 QUALITY FUND III, Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of BLACKROCK MUNIYIELD QUALITY FUND III,'s Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


BLACKROCK MUNIYIELD QUALITY FUND III, (BLACKROCK MUNIYIELD QUALITY FUND III,) Business Description

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
BLACKROCK MUNIYIELD QUALITY FUND III, INC. is a diversified, closed-ended investment management company. Its investment objective is to provide shareholders with a high level of current income exempt from U.S. federal income taxes as is consistent with its investment policies and prudent investment management. The company invests in various sectors such as Transportation; Utilities; Health; Education; Tobacco and others.
Executives
Arthur Philip Steinmetz director 50 HUDSON YARDS, NEW YORK NY 10001
Aaron David Wasserman officer: Chief Compliance Officer 50 HUDSON YARDS, NEW YORK NY 10001
Kristi Manidis Santiago other: Portfolio Manager 1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Phillip Soccio other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Kevin Maloney other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Walter Oconnor other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Td Securities (usa) Llc 10 percent owner ONE VANDERBILT AVENUE, NEW YORK NY 10017
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET, NEW YORK NY 10003
Michael Kalinoski other: Portfolio Manager 800 SCUDDERS 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
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660