Blackrock New Jersey Municipal Bond Tr (Blackrock New Jersey Municipal Bond Tr) Effective Interest Rate on Debt % : 65.67% (As of Feb. 2018)

View and export this data going back to 2002. Start your Free Trial

What is Blackrock New Jersey Municipal Bond Tr 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 New Jersey Municipal Bond Tr's annualized positive value of Interest Expense for the quarter that ended in Feb. 2018 was $0.46 Mil. Blackrock New Jersey Municipal Bond Tr's average total debt for the quarter that ended in Feb. 2018 was $0.70 Mil. Therefore, Blackrock New Jersey Municipal Bond Tr's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2018 was 65.67%.

Blackrock New Jersey Municipal Bond Tr Effective Interest Rate on Debt % Historical Data

The historical data trend for Blackrock New Jersey Municipal Bond Tr'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.

* Premium members only.

Blackrock New Jersey Municipal Bond Tr Effective Interest Rate on Debt % Chart

Blackrock New Jersey Municipal Bond Tr Annual Data

Trend

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

29.15

Blackrock New Jersey Municipal Bond Tr Semi-Annual Data
	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											-	-	-	30.76	65.67

Competitive Comparison of Blackrock New Jersey Municipal Bond Tr's Effective Interest Rate on Debt %

For the Asset Management subindustry, Blackrock New Jersey Municipal Bond Tr'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 New Jersey Municipal Bond Tr's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock New Jersey Municipal Bond Tr's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Blackrock New Jersey Municipal Bond Tr's Effective Interest Rate on Debt % falls into.

Blackrock New Jersey Municipal Bond Tr Effective Interest Rate on Debt % Calculation

Blackrock New Jersey Municipal Bond Tr's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2016 )	+	Total Debt (A: Aug. 2017 ))	/ count )
=	-1 * -0.381	/	( (0	+	1.307)	/ 1 )
=	-1 * -0.381	/	1.307
=	29.15 %

where

	Total Debt (A: Aug. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Aug. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.307	+	0
=	1.307

Blackrock New Jersey Municipal Bond Tr's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2017 )	+	Total Debt (Q: Feb. 2018 ))	/ count )
=	-1 * -0.462	/	( (1.307	+	0.1)	/ 2 )
=	-1 * -0.462	/	0.7035
=	65.67 %

where

	Total Debt (Q: Aug. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.307	+	0
=	1.307

	Total Debt (Q: Feb. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.1	+	0
=	0.1

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 (Feb. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Blackrock New Jersey Municipal Bond Tr (AMEX:BLJ) Effective Interest Rate on Debt % Explanation

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

Blackrock New Jersey Municipal Bond Tr Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Blackrock New Jersey Municipal Bond Tr's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Blackrock New Jersey Municipal Bond Tr (Blackrock New Jersey Municipal Bond Tr) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock New Jersey Municipal Bond Tr (AMEX:BLJ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.blackrock.com

BlackRock New Jersey Municipal Bond Trust functions in the financial domain. Managed by BlackRock Advisors, LLC, it is a non-diversified, closed-end municipal bond fund. The Trust's investment objective is to provide current income exempt from regular federal income tax and New Jersey gross income tax. It seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes. It invests its funds in municipal bonds that are investment grade quality at the time of investment. Its portfolio comprises of various sectors, including transportation, education, local tax-backed, county, state tax-backed, health, corporate and housing.

Executives

Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Phillip Soccio	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Timothy T Browse	other: Portfolio Manager	800 SCUDDERS MILLRD, PLAINSBORO NJ 08536
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
Barbara Novick	director	21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park	officer: Chief Compliance Officer	55 EAST 52ND STREET, NEW YORK NY 10055
Michael J Castellano	director	C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Richard Cavanagh	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Ag Ubs	other: Former 10% owner	600 WASHINGTON BLVD., STAMFORD CT 06901
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

Blackrock New Jersey Municipal Bond Tr (Blackrock New Jersey Municipal Bond Tr) Headlines

No Headlines