BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trustverified

BGT

Price:

$12.88

Market Cap:

$289.75M

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2004-08-30

Stock Exchange

NYSE

Ticker

BGT

The Current Ratio as of September 2024 (TTM) for BlackRock Floating Rate Income Trust (BGT) is 0.99

According to BlackRock Floating Rate Income Trust’s latest financial reports and current stock price. The company's current Current Ratio is 0.99. This represents a change of 57.70% compared to the average of 0.63 of the last 4 quarters.

BlackRock Floating Rate Income Trust (BGT) Historical Current Ratio (quarterly & annually)

How has BGT Current Ratio performed in the past?

The mean historical Current Ratio of BlackRock Floating Rate Income Trust over the last ten years is 0.66. The current 0.99 Current Ratio has changed 14.86% with respect to the historical average. Over the past ten years (40 quarters), BGT's Current Ratio was at its highest in in the December 2022 quarter at 3.17. The Current Ratio was at its lowest in in the September 2020 quarter at 0.04.

Quarterly (TTM)
Annual

Average

0.66

Median

0.39

Minimum

0.05

Maximum

3.17

BlackRock Floating Rate Income Trust (BGT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of BlackRock Floating Rate Income Trust Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 571.17%

Maximum Annual Current Ratio = 3.17

Minimum Annual Increase = -68.64%

Minimum Annual Current Ratio = 0.05

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.99-68.64%
20223.17401.55%
20210.63106.06%
20200.31-32.82%
20190.46-20.19%
20180.5779.80%
20170.32571.17%
20160.05-39.05%
20150.0814.39%
20140.0722.44%

BlackRock Floating Rate Income Trust (BGT) Average Current Ratio

How has BGT Current Ratio performed in the past?

The current Current Ratio of BlackRock Floating Rate Income Trust (BGT) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

1.60

5-year avg

1.11

10-year avg

0.66

BlackRock Floating Rate Income Trust (BGT) Current Ratio vs. Peers

How is BGT’s Current Ratio compared to its peers?

BlackRock Floating Rate Income Trust’s Current Ratio is less than Nuveen Mortgage and Income Fund (0), greater than Nuveen Senior Income Fund (0), less than Nuveen Floating Rate Income Opportunity Fund (1.46), greater than Apollo Senior Floating Rate Fund Inc. (0.99), less than Eaton Vance Senior Income Trust (6.08), greater than Pioneer Floating Rate Fund, Inc. (0), less than Virtus Convertible & Income 2024 Target Term Fund (1.14), less than Eaton Vance Floating-Rate Income Trust (2.04), greater than NXG NextGen Infrastructure Income Fund (0.17), greater than GAMCO Natural Resources, Gold & Income Trust (0), greater than MFS Investment Grade Municipal Trust (0), less than Western Asset Global High Income Fund Inc. (3.11), greater than BlackRock Floating Rate Income Strategies Fund, Inc. (0.10), greater than Calamos Convertible and High Income Fund (0), greater than Blackstone/GSO Strategic Credit Fund (0), greater than null (0),

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Frequently asked questions❓

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