BMN (BlackRock 2037 Mun Tgt) Cash-to-Debt : 0.00 (As of Jun. 2024)

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What is BlackRock 2037 Mun Tgt 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 2037 Mun Tgt's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.00.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, BlackRock 2037 Mun Tgt couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for BlackRock 2037 Mun Tgt's Cash-to-Debt or its related term are showing as below:

BMN's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.53
* Ranked among companies with meaningful Cash-to-Debt only.

BlackRock 2037 Mun Tgt Cash-to-Debt Historical Data

The historical data trend for BlackRock 2037 Mun Tgt'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.

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BlackRock 2037 Mun Tgt Cash-to-Debt Chart

BlackRock 2037 Mun Tgt Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

N/A

BlackRock 2037 Mun Tgt Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	N/A	-	-	-

Competitive Comparison of BlackRock 2037 Mun Tgt's Cash-to-Debt

For the Asset Management subindustry, BlackRock 2037 Mun Tgt'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 2037 Mun Tgt's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock 2037 Mun Tgt's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where BlackRock 2037 Mun Tgt's Cash-to-Debt falls into.

BlackRock 2037 Mun Tgt 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 2037 Mun Tgt's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0	/	(0	+	12.335)
	=	0.00

BlackRock 2037 Mun Tgt's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0	/	(0	+	12.335)
	=	0.00

BlackRock 2037 Mun Tgt (NYSE:BMN) 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 2037 Mun Tgt Cash-to-Debt Related Terms

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BlackRock 2037 Mun Tgt Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock 2037 Mun Tgt (NYSE:BMN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

https://www.blackrock.com

BlackRock 2037 Mun Tgt is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income that is exempt from regular federal income tax. The Trust invests in investment grade quality securities or securities that are unrated but judged to be of comparable quality by the investment adviser.

Executives

Stayce D. Harris	director	1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Christian Romaglino	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
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
Peter Hayes	other: Officer of the Advisor	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Jonathan Diorio	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
Jay M. Fife	officer: Treasurer	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Blackrock Advisors Llc	other: Investment Adviser	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Trent Walker	officer: Chief Financial Officer	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Blackrock Financial Management Inc/de	other: See Remarks	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Frank Fabozzi	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Phillip Soccio	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert Glenn Hubbard	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
W Carl Kester	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
John Perlowski	director, officer: President and CEO	100 BELLEVUE PARKWAY, WILMINGTON DE 19809