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BlackRock 2037 Mun Tgt (BlackRock 2037 Mun Tgt) Debt-to-Equity : 0.08 (As of Dec. 2023)


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What is BlackRock 2037 Mun Tgt Debt-to-Equity?

BlackRock 2037 Mun Tgt's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. BlackRock 2037 Mun Tgt's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12.34 Mil. BlackRock 2037 Mun Tgt's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $161.05 Mil. BlackRock 2037 Mun Tgt's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

BMN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 0.08   Max: 0.08
Current: 0.08

During the past 2 years, the highest Debt-to-Equity Ratio of BlackRock 2037 Mun Tgt was 0.08. The lowest was 0.08. And the median was 0.08.

BMN's Debt-to-Equity is ranked better than
74.16% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs BMN: 0.08

BlackRock 2037 Mun Tgt Debt-to-Equity Historical Data

The historical data trend for BlackRock 2037 Mun Tgt's Debt-to-Equity 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.

* Premium members only.

BlackRock 2037 Mun Tgt Debt-to-Equity Chart

BlackRock 2037 Mun Tgt Annual Data
Trend Dec22 Dec23
Debt-to-Equity
- 0.08

BlackRock 2037 Mun Tgt Semi-Annual Data
Dec22 Jun23 Dec23
Debt-to-Equity - - 0.08

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

For the Asset Management subindustry, BlackRock 2037 Mun Tgt's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Asset Management Industry

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

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


BlackRock 2037 Mun Tgt Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 12.335) / 161.045
=0.08

BlackRock 2037 Mun Tgt's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 12.335) / 161.045
=0.08

* 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 2037 Mun Tgt  (NYSE:BMN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

BlackRock 2037 Mun Tgt Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of BlackRock 2037 Mun Tgt's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

BlackRock 2037 Mun Tgt (BlackRock 2037 Mun Tgt) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock 2037 Mun Tgt (NYSE:BMN) » Definitions » Debt-to-Equity
Comparable Companies
GRX OFS MPA CIK MHF DNIF EVG IDE FLC GF BLK BX OSTO:INVE A KKR TSX:BN 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 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.
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
Jay M. Fife officer: Treasurer 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
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
Christian Romaglino other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
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
Janey Ahn officer: Secretary 55 EAST 52ND STREET, NEW YORK NY 10055

BlackRock 2037 Mun Tgt (BlackRock 2037 Mun Tgt) Headlines

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