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Blackrock Municipal Bond Trust Return-on-Tangible-Equity

: 8.56% (As of Feb. 2020)
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Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Blackrock Municipal Bond Trust's annualized net income attributable to common stockholders for the quarter that ended in Feb. 2020 was $15.34 Mil. Blackrock Municipal Bond Trust's average shareholder tangible equity for the quarter that ended in Feb. 2020 was $179.15 Mil. Therefore, Blackrock Municipal Bond Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2020 was 8.56%.

NYSE:BBK' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.14   Med: 1.44   Max: 13.92
Current: 13.92

-2.14
13.92

During the past 3 years, Blackrock Municipal Bond Trust's highest Return-on-Tangible-Equity was 13.92%. The lowest was -2.14%. And the median was 1.44%.

NYSE:BBK's Return-on-Tangible-Equity is ranked higher than
86% of the 1698 Companies
in the Asset Management industry.

( Industry Median: -0.77 vs. NYSE:BBK: 13.92 )

Blackrock Municipal Bond Trust Return-on-Tangible-Equity Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Blackrock Municipal Bond Trust Annual Data
Aug17 Aug18 Aug19
Return-on-Tangible-Equity -2.14 1.44 11.02

Blackrock Municipal Bond Trust Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20
Return-on-Tangible-Equity Premium Member Only -1.38 4.33 2.84 19.42 8.56

Competitive Comparison
* 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.


Blackrock Municipal Bond Trust Return-on-Tangible-Equity Distribution

* The bar in red indicates where Blackrock Municipal Bond Trust's Return-on-Tangible-Equity falls into.



Blackrock Municipal Bond Trust Return-on-Tangible-Equity Calculation

Blackrock Municipal Bond Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2019 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Aug. 2019 )  (A: Aug. 2018 )(A: Aug. 2019 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Aug. 2019 )  (A: Aug. 2018 )(A: Aug. 2019 )
=18.899/( (166.079+177.03 )/ 2 )
=18.899/171.5545
=11.02 %

Blackrock Municipal Bond Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2020 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2020 )  (Q: Aug. 2019 )(Q: Feb. 2020 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2020 )  (Q: Aug. 2019 )(Q: Feb. 2020 )
=15.342/( (177.03+181.26)/ 2 )
=15.342/179.145
=8.56 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In the calculation of annual Return-on-Tangible-Equity, the net income attributable to common stockholders of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is two times the semi-annual (Feb. 2020) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Blackrock Municipal Bond Trust  (NYSE:BBK) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Blackrock Municipal Bond Trust Return-on-Tangible-Equity Related Terms


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