Blackrock Municipalome Trust II (Blackrock Municipalome Trust II) Cash-to-Debt : 0.06 (As of Jan. 2024)

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What is Blackrock Municipalome Trust II 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 Municipalome Trust II's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.06.

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 Municipalome Trust II couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Blackrock Municipalome Trust II's Cash-to-Debt or its related term are showing as below:

BLE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: No Debt Max: No Debt
Current: 0.06

During the past 13 years, Blackrock Municipalome Trust II's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

BLE's Cash-to-Debt is ranked worse than
88.34% of 1475 companies
in the Asset Management industry
Industry Median: 5.53 vs BLE: 0.06

Blackrock Municipalome Trust II Cash-to-Debt Historical Data

The historical data trend for Blackrock Municipalome Trust II'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 Municipalome Trust II Cash-to-Debt Chart

Blackrock Municipalome Trust II Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Jul23

Cash-to-Debt

Get a 7-Day Free Trial

N/A

No Debt

Blackrock Municipalome Trust II Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	-	-	0.06

Competitive Comparison of Blackrock Municipalome Trust II's Cash-to-Debt

For the Asset Management subindustry, Blackrock Municipalome Trust II'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 Municipalome Trust II's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Municipalome Trust II's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Blackrock Municipalome Trust II's Cash-to-Debt falls into.

Blackrock Municipalome Trust II 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 Municipalome Trust II's Cash to Debt Ratio for the fiscal year that ended in Jul. 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	+	0.078)
	=	0.00

Blackrock Municipalome Trust II's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	4.647	/	(0	+	77.009)
	=	0.06

Blackrock Municipalome Trust II (NYSE:BLE) 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 Municipalome Trust II Cash-to-Debt Related Terms

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

Blackrock Municipalome Trust II (Blackrock Municipalome Trust II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Municipal Income Trust II (NYSE:BLE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

http://www.blackrock.com

Blackrock Municipal Income Trust II is a perpetual closed-end municipal bond fund. Its objective is to provide current income exempt from regular Federal income taxes and Maryland personal income taxes. The company's diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables it to tailor investment outcomes and asset allocation solutions for clients. Blackrock's product offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

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
Peter Hayes	other: Officer of the Advisor	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Kristi Manidis Santiago	other: Portfolio Manager	1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Christian Romaglino	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Kevin Maloney	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Michael Kalinoski	other: Portfolio Manager	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Phillip Soccio	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
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
Robert Glenn Hubbard	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Michael Perilli	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Frank Fabozzi	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Michael J Castellano	director	C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020

Blackrock Municipalome Trust II (Blackrock Municipalome Trust II) Headlines

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