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BLACKROCK MUNIYIELD QUALITY FUND III, (BLACKROCK MUNIYIELD QUALITY FUND III,) Equity-to-Asset : 0.63 (As of Jan. 2024)


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What is BLACKROCK MUNIYIELD QUALITY FUND III, Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. BLACKROCK MUNIYIELD QUALITY FUND III,'s Total Stockholders Equity for the quarter that ended in Jan. 2024 was $842.98 Mil. BLACKROCK MUNIYIELD QUALITY FUND III,'s Total Assets for the quarter that ended in Jan. 2024 was $1,337.88 Mil. Therefore, BLACKROCK MUNIYIELD QUALITY FUND III,'s Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.63.

The historical rank and industry rank for BLACKROCK MUNIYIELD QUALITY FUND III,'s Equity-to-Asset or its related term are showing as below:

MYI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.6   Med: 0.62   Max: 0.64
Current: 0.63

During the past 7 years, the highest Equity to Asset Ratio of BLACKROCK MUNIYIELD QUALITY FUND III, was 0.64. The lowest was 0.60. And the median was 0.62.

MYI's Equity-to-Asset is ranked worse than
71.28% of 1727 companies
in the Asset Management industry
Industry Median: 0.83 vs MYI: 0.63

BLACKROCK MUNIYIELD QUALITY FUND III, Equity-to-Asset Historical Data

The historical data trend for BLACKROCK MUNIYIELD QUALITY FUND III,'s Equity-to-Asset 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 MUNIYIELD QUALITY FUND III, Equity-to-Asset Chart

BLACKROCK MUNIYIELD QUALITY FUND III, Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Equity-to-Asset
Get a 7-Day Free Trial 0.62 0.63 0.64 0.60 0.61

BLACKROCK MUNIYIELD QUALITY FUND III, Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.60 0.60 0.61 0.63

Competitive Comparison of BLACKROCK MUNIYIELD QUALITY FUND III,'s Equity-to-Asset

For the Asset Management subindustry, BLACKROCK MUNIYIELD QUALITY FUND III,'s Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Asset Management Industry

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

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



BLACKROCK MUNIYIELD QUALITY FUND III, Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

BLACKROCK MUNIYIELD QUALITY FUND III,'s Equity to Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Equity to Asset (A: Jul. 2023 )=Total Stockholders Equity/Total Assets
=844.604/1375.489
=0.61

BLACKROCK MUNIYIELD QUALITY FUND III,'s Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )=Total Stockholders Equity/Total Assets
=842.98/1337.878
=0.63

* 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) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


BLACKROCK MUNIYIELD QUALITY FUND III, Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of BLACKROCK MUNIYIELD QUALITY FUND III,'s Equity-to-Asset 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

Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
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