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Blackrock Muniyield New Jersey Fund (Blackrock Muniyield New Jersey Fund) Cash-to-Debt : N/A (As of Jan. 2022)


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What is Blackrock Muniyield New Jersey Fund Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Blackrock Muniyield New Jersey Fund's cash to debt ratio for the quarter that ended in Jan. 2022 was N/A.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Blackrock Muniyield New Jersey Fund's Cash-to-Debt or its related term are showing as below:

MYJ's Cash-to-Debt is not ranked *
in the Asset Management industry.
Industry Median: 5.56
* Ranked among companies with meaningful Cash-to-Debt only.

Blackrock Muniyield New Jersey Fund Cash-to-Debt Historical Data

The historical data trend for Blackrock Muniyield New Jersey Fund's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Blackrock Muniyield New Jersey Fund Cash-to-Debt Chart

Blackrock Muniyield New Jersey Fund Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21
Cash-to-Debt
- - - N/A No Debt

Blackrock Muniyield New Jersey Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt N/A No Debt No Debt N/A

Competitive Comparison of Blackrock Muniyield New Jersey Fund's Cash-to-Debt

For the Asset Management subindustry, Blackrock Muniyield New Jersey Fund's Cash-to-Debt, along with its competitors' market caps and Cash-to-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 Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Muniyield New Jersey Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Blackrock Muniyield New Jersey Fund's Cash-to-Debt falls into.


Blackrock Muniyield New Jersey Fund Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Blackrock Muniyield New Jersey Fund's Cash to Debt Ratio for the fiscal year that ended in Jul. 2021 is calculated as:

Blackrock Muniyield New Jersey Fund had no debt (1).

Blackrock Muniyield New Jersey Fund's Cash to Debt Ratio for the quarter that ended in Jan. 2022 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

* 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.

Blackrock Muniyield New Jersey Fund  (NYSE:MYJ) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Blackrock Muniyield New Jersey Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Blackrock Muniyield New Jersey Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Cash-to-Debt
Comparable Companies
RMM SOR DSM PMX PMM MGU CAF OIA FOF HRZN BLK TSX:BAM.A BX OSTO:INVE A KKR BK APO AMP TROW XSWX:PGHN
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