BlackRock 2037 Mun Tgt (BlackRock 2037 Mun Tgt) Effective Interest Rate on Debt % : 2.27% (As of Dec. 2023)

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What is BlackRock 2037 Mun Tgt 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 2037 Mun Tgt's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.14 Mil. BlackRock 2037 Mun Tgt's average total debt for the quarter that ended in Dec. 2023 was $6.17 Mil. Therefore, BlackRock 2037 Mun Tgt's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.27%.

BlackRock 2037 Mun Tgt Effective Interest Rate on Debt % Historical Data

The historical data trend for BlackRock 2037 Mun Tgt'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 2037 Mun Tgt Effective Interest Rate on Debt % Chart

BlackRock 2037 Mun Tgt Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

0.57

BlackRock 2037 Mun Tgt Semi-Annual Data
	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	-	-	2.27

Competitive Comparison of BlackRock 2037 Mun Tgt's Effective Interest Rate on Debt %

For the Asset Management subindustry, BlackRock 2037 Mun Tgt'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 2037 Mun Tgt's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock 2037 Mun Tgt's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where BlackRock 2037 Mun Tgt's Effective Interest Rate on Debt % falls into.

BlackRock 2037 Mun Tgt Effective Interest Rate on Debt % Calculation

BlackRock 2037 Mun Tgt's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.07	/	( (0	+	12.335)	/ 1 )
=	-1 * -0.07	/	12.335
=	0.57 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.335	+	0
=	12.335

BlackRock 2037 Mun Tgt's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.14	/	( (0.007	+	12.335)	/ 2 )
=	-1 * -0.14	/	6.171
=	2.27 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.007	+	0
=	0.007

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.335	+	0
=	12.335

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

BlackRock 2037 Mun Tgt (NYSE:BMN) Effective Interest Rate on Debt % Explanation

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

BlackRock 2037 Mun Tgt Effective Interest Rate on Debt % Related Terms

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BlackRock 2037 Mun Tgt (BlackRock 2037 Mun Tgt) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock 2037 Mun Tgt (NYSE:BMN) » 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 2037 Mun Tgt is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income that is exempt from regular federal income tax.

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
Peter Hayes	other: Officer of the Advisor	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Jay M. Fife	officer: Treasurer	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Stayce D. Harris	director	1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Blackrock Advisors Llc	other: Investment Adviser	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Trent Walker	officer: Chief Financial Officer	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Christian Romaglino	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Blackrock Financial Management Inc/de	other: See Remarks	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Frank Fabozzi	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Phillip Soccio	other: Portfolio Manager	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert Glenn Hubbard	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
W Carl Kester	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
John Perlowski	director, officer: President and CEO	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Janey Ahn	officer: Secretary	55 EAST 52ND STREET, NEW YORK NY 10055

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