Blackrock Maryland Municipal Bond Trust (Blackrock Maryland Municipal Bond Trust) Effective Interest Rate on Debt % : 774.19% (As of Aug. 2020)

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What is Blackrock Maryland Municipal Bond Trust 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 Maryland Municipal Bond Trust's annualized positive value of Interest Expense for the quarter that ended in Aug. 2020 was $0.24 Mil. Blackrock Maryland Municipal Bond Trust's average total debt for the quarter that ended in Aug. 2020 was $0.03 Mil. Therefore, Blackrock Maryland Municipal Bond Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2020 was 774.19%.

Blackrock Maryland Municipal Bond Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Blackrock Maryland Municipal Bond Trust'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 Maryland Municipal Bond Trust Effective Interest Rate on Debt % Chart

Blackrock Maryland Municipal Bond Trust Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Effective Interest Rate on Debt %

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238.46

184.62

178.21

816.13

Blackrock Maryland Municipal Bond Trust Semi-Annual Data
	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Aug15	Feb16	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														-	-	-	-	774.19

Competitive Comparison of Blackrock Maryland Municipal Bond Trust's Effective Interest Rate on Debt %

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

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

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

Blackrock Maryland Municipal Bond Trust Effective Interest Rate on Debt % Calculation

Blackrock Maryland Municipal Bond Trust'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 * -0.253	/	( (0	+	0.031)	/ 1 )
=	-1 * -0.253	/	0.031
=	816.13 %

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
=	0.031	+	0
=	0.031

Blackrock Maryland Municipal Bond Trust'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 * -0.24	/	( (0	+	0.031)	/ 1 )
=	-1 * -0.24	/	0.031
=	774.19 %

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
=	0.031	+	0
=	0.031

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 Maryland Municipal Bond Trust (AMEX:BZM) Effective Interest Rate on Debt % Explanation

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

Blackrock Maryland Municipal Bond Trust Effective Interest Rate on Debt % Related Terms

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Blackrock Maryland Municipal Bond Trust (Blackrock Maryland Municipal Bond Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Maryland Municipal Bond Trust (AMEX:BZM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

http://www.blackrock.com

Blackrock Maryland Municipal Bond Trust is a closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income taxes and Maryland personal income taxes. The Trust invests primarily in investment grade quality Maryland municipal bonds.

Executives

Henry Gabbay	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Citigroup Inc	10 percent owner	388 GREENWICH STREET, NEW YORK NY 10013
Kevin Maloney	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
Jerrold B Harris	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
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
Richard Cavanagh	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Merrill Lynch, Pierce, Fenner & Smith Inc.	other: Subsidiary	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Janey Ahn	officer: Secretary	55 EAST 52ND STREET, NEW YORK NY 10055

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