Blackrock Muniyield Michigan Quality Fund (Blackrock Muniyield Michigan Quality Fund) Cash-to-Debt

: N/A (As of Jan. 2024)

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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 Michigan Quality Fund's cash to debt ratio for the quarter that ended in Jan. 2024 was N/A.

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

During the past 7 years, Blackrock Muniyield Michigan Quality Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

MIY's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.21
* Ranked among companies with meaningful Cash-to-Debt only.

Blackrock Muniyield Michigan Quality Fund Cash-to-Debt Historical Data

The historical data trend for Blackrock Muniyield Michigan Quality 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.

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Blackrock Muniyield Michigan Quality Fund Annual Data

Trend

Jul14

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Cash-to-Debt

No Debt

N/A

Blackrock Muniyield Michigan Quality Fund Semi-Annual Data
	Jul14	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
Cash-to-Debt										N/A	N/A	N/A	-	N/A

Competitive Comparison

For the Asset Management subindustry, Blackrock Muniyield Michigan Quality 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 Michigan Quality Fund Cash-to-Debt Distribution

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

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

Blackrock Muniyield Michigan Quality 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 Michigan Quality Fund's Cash to Debt Ratio for the fiscal year that ended in Jul. 2022 is calculated as:

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

Blackrock Muniyield Michigan Quality Fund's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

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

Blackrock Muniyield Michigan Quality Fund (NYSE:MIY) 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 Michigan Quality Fund Cash-to-Debt Related Terms

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

Blackrock Muniyield Michigan Quality Fund (Blackrock Muniyield Michigan Quality Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Muniyield Michigan Quality Fund Inc (NYSE:MIY) » 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 Muniyield Michigan Quality Fund Inc is a closed end fund. Its investment objective is to provide shareholders with as high a level of current income exempt from federal and Michigan income taxes.

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
Kevin Maloney	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Phillip Soccio	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Christian Romaglino	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Kristi Manidis Santiago	other: Portfolio Manager	1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
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
Td Group Us Holdings Llc	10 percent owner	251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Toronto Dominion Holdings Usa Inc	10 percent owner	40 WALL STREET, NEW YORK NY 10003
Toronto Dominion Investments, Inc.	10 percent owner	909 FANIN, SUITE 1950, HOUSTON TX 77010
Dominion Bank Toronto	10 percent owner	66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055

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