GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BLACKROCK MUNIYIELD QUALITY FUND III, INC. (NYSE:MYI) » Definitions » Cash-to-Debt

BLACKROCK MUNIYIELD QUALITY FUND III, (BLACKROCK MUNIYIELD QUALITY FUND III,) Cash-to-Debt : N/A (As of Jan. 2024)


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What is BLACKROCK MUNIYIELD QUALITY FUND III, 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 QUALITY FUND III,'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 QUALITY FUND III,'s Cash-to-Debt or its related term are showing as below:

During the past 7 years, BLACKROCK MUNIYIELD QUALITY FUND III,'s highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

MYI's Cash-to-Debt is not ranked *
in the Asset Management industry.
Industry Median: 5.39
* Ranked among companies with meaningful Cash-to-Debt only.

BLACKROCK MUNIYIELD QUALITY FUND III, Cash-to-Debt Historical Data

The historical data trend for BLACKROCK MUNIYIELD QUALITY FUND III,'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 QUALITY FUND III, Cash-to-Debt Chart

BLACKROCK MUNIYIELD QUALITY FUND III, Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cash-to-Debt
Get a 7-Day Free Trial No Debt N/A No Debt N/A -

BLACKROCK MUNIYIELD QUALITY FUND III, Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - N/A - - N/A

Competitive Comparison of BLACKROCK MUNIYIELD QUALITY FUND III,'s Cash-to-Debt

For the Asset Management subindustry, BLACKROCK MUNIYIELD QUALITY FUND III,'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 QUALITY FUND III,'s Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BLACKROCK MUNIYIELD QUALITY FUND III,'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where BLACKROCK MUNIYIELD QUALITY FUND III,'s Cash-to-Debt falls into.


BLACKROCK MUNIYIELD QUALITY FUND III, 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 QUALITY FUND III,'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 + 0.171)
=0.00

BLACKROCK MUNIYIELD QUALITY FUND III,'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.

* 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 QUALITY FUND III,  (NYSE:MYI) 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 QUALITY FUND III, Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of BLACKROCK MUNIYIELD QUALITY FUND III,'s Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

BLACKROCK MUNIYIELD QUALITY FUND III, (BLACKROCK MUNIYIELD QUALITY FUND III,) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BLACKROCK MUNIYIELD QUALITY FUND III, INC. (NYSE:MYI) » Definitions » Cash-to-Debt
Comparable Companies
THQ JPC EIM PHK BSIG NXP JQC CRF DLY TCPC BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Website
https://www.blackrock.com
BLACKROCK MUNIYIELD QUALITY FUND III, INC. is a diversified, closed-ended investment management company. Its investment objective is to provide shareholders with a high level of current income exempt from U.S. federal income taxes as is consistent with its investment policies and prudent investment management. The company invests in various sectors such as Transportation; Utilities; Health; Education; Tobacco and others.
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
Kristi Manidis Santiago other: Portfolio Manager 1 UNIVERSITY SQUARE DRIVE, PRINCETON NJ 08540
Phillip Soccio other: Portfolio Manager 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Kevin Maloney other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Walter Oconnor other: Portfolio Manager 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Td Securities (usa) Llc 10 percent owner ONE VANDERBILT AVENUE, NEW YORK NY 10017
Td Group Us Holdings Llc 10 percent owner 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
Dominion Bank Toronto 10 percent owner 66 WELLINGTON STREET WEST, 12TH FLOOR, TD TOWER, TORONTO, ONTARIO A6 M5K 1A2
Toronto Dominion Holdings Usa Inc 10 percent owner 40 WALL STREET, NEW YORK NY 10003
Michael Kalinoski other: Portfolio Manager 800 SCUDDERS 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
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660