Blackrock Municipalome Investment Quality Trus (Blackrock Municipalome Investment Quality Trus) Effective Interest Rate on Debt % : 1,052.17% (As of Aug. 2020)

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What is Blackrock Municipalome Investment Quality Trus Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Blackrock Municipalome Investment Quality Trus's annualized positive value of Interest Expense for the quarter that ended in Aug. 2020 was $1.21 Mil. Blackrock Municipalome Investment Quality Trus's average total debt for the quarter that ended in Aug. 2020 was $0.12 Mil. Therefore, Blackrock Municipalome Investment Quality Trus's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2020 was 1,052.17%.

Blackrock Municipalome Investment Quality Trus Effective Interest Rate on Debt % Historical Data

The historical data trend for Blackrock Municipalome Investment Quality Trus's Effective Interest Rate on 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.

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Blackrock Municipalome Investment Quality Trus Effective Interest Rate on Debt % Chart

Blackrock Municipalome Investment Quality Trus Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Effective Interest Rate on Debt %

2,450.00

3,296.43

1,346.09

Blackrock Municipalome Investment Quality Trus Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	-	-	1,052.17

Competitive Comparison of Blackrock Municipalome Investment Quality Trus's Effective Interest Rate on Debt %

For the Asset Management subindustry, Blackrock Municipalome Investment Quality Trus's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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 Investment Quality Trus's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Municipalome Investment Quality Trus's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Blackrock Municipalome Investment Quality Trus's Effective Interest Rate on Debt % falls into.

Blackrock Municipalome Investment Quality Trus Effective Interest Rate on Debt % Calculation

Blackrock Municipalome Investment Quality Trus's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2019 )	+	Total Debt (A: Aug. 2020 ))	/ count )
=	-1 * -1.548	/	( (0	+	0.115)	/ 1 )
=	-1 * -1.548	/	0.115
=	1,346.09 %

where

	Total Debt (A: Aug. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Aug. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.115	+	0
=	0.115

Blackrock Municipalome Investment Quality Trus's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2020 )	+	Total Debt (Q: Aug. 2020 ))	/ count )
=	-1 * -1.21	/	( (0	+	0.115)	/ 1 )
=	-1 * -1.21	/	0.115
=	1,052.17 %

where

	Total Debt (Q: Feb. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Aug. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.115	+	0
=	0.115

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Aug. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Blackrock Municipalome Investment Quality Trus (NYSE:BAF) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Blackrock Municipalome Investment Quality Trus Effective Interest Rate on Debt % Related Terms

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Blackrock Municipalome Investment Quality Trus (Blackrock Municipalome Investment Quality Trus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Municipal Income Investment Quality Trus (NYSE:BAF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

https://www.blackrock.com

Blackrock Municipal Income Investment Quality Trust is a diversified investment fund with an investment objective is to provide current income exempt from U.S. federal income tax, including the alternative minimum tax and Florida intangible property tax.

Executives

Henry Gabbay	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Phillip Soccio	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
J.p. Morgan Taxable Putters/taxable Drivers, Series T0013 Trust	10 percent owner	C/O U.S. BANK TRUST NATIONAL ASSOCIATION 100 WALL STREET-SUITE 1600 NEW YORK NY 10005
Jpmorgan Chase Bank, N.a.	10 percent owner	1111 POLARIS PARKWAY, COLUMBUS OH 43240
Michael J Castellano	director	C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Michael Perilli	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Cynthia Egan	director	7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch	director	55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
W Carl Kester	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Barbara Novick	director	21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park	officer: Chief Compliance Officer	55 EAST 52ND STREET, NEW YORK NY 10055
Janey Ahn	officer: Secretary	55 EAST 52ND STREET, NEW YORK NY 10055
Robert Crothers	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055

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