Blackrock Credit Allocationome Trust (Blackrock Credit Allocationome Trust) Debt-to-Equity : 0.55 (As of Dec. 2023)

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What is Blackrock Credit Allocationome Trust Debt-to-Equity?

Blackrock Credit Allocationome Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Blackrock Credit Allocationome Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $590.9 Mil. Blackrock Credit Allocationome Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,082.1 Mil. Blackrock Credit Allocationome Trust's debt to equity for the quarter that ended in Dec. 2023 was 0.55.

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 Credit Allocationome Trust's Debt-to-Equity or its related term are showing as below:

BTZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.42 Max: 0.56
Current: 0.55

During the past 7 years, the highest Debt-to-Equity Ratio of Blackrock Credit Allocationome Trust was 0.56. The lowest was 0.30. And the median was 0.42.

BTZ's Debt-to-Equity is ranked worse than
75.86% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs BTZ: 0.55

Blackrock Credit Allocationome Trust Debt-to-Equity Historical Data

The historical data trend for Blackrock Credit Allocationome Trust'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 Credit Allocationome Trust Debt-to-Equity Chart

Blackrock Credit Allocationome Trust Annual Data

Trend

Oct17

Oct18

Oct19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.42

0.56

0.55

Blackrock Credit Allocationome Trust Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.42	0.50	0.56	0.59	0.55

Competitive Comparison of Blackrock Credit Allocationome Trust's Debt-to-Equity

For the Asset Management subindustry, Blackrock Credit Allocationome Trust'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 Credit Allocationome Trust's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Credit Allocationome Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Blackrock Credit Allocationome Trust's Debt-to-Equity falls into.

Blackrock Credit Allocationome Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blackrock Credit Allocationome Trust'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	+	590.859)	/	1082.092
	=	0.55

Blackrock Credit Allocationome Trust'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	+	590.859)	/	1082.092
	=	0.55

Blackrock Credit Allocationome Trust (NYSE:BTZ) 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 Credit Allocationome Trust Debt-to-Equity Related Terms

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Blackrock Credit Allocationome Trust (Blackrock Credit Allocationome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Credit Allocation Income Trust (NYSE:BTZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

https://www.blackrock.com

Blackrock Credit Allocation Income Trust is a diversified, closed-end Trust engaged in providing investment advisory and risk management solutions. Its investment objective of seeking current income, current gains, and capital appreciation. The company invests under normal market conditions, at least 80% of its assets in credit-related securities, including, but not limited to, investment-grade corporate bonds, high high-yields, bank loans, preferred securities or convertible bonds, or derivatives with economic characteristics similar to these credit-related securities.

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
Charley Hung	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Blackrock (singapore) Ltd.	other: Investment Adviser	40 EAST 52ND STREET, NEW YORK NY 10022
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
Blackrock Internationl, Ltd.	other: Investment Adviser	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Stephan Bassas	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Jeffrey Cucunato	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Mitchell Garfin	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Frank Fabozzi	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert Glenn Hubbard	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Richard Cavanagh	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809

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