BlackRock Floating Rate Income Strategies Fund, Inc.

BlackRock Floating Rate Income Strategies Fund, Inc.verified

FRA

Price:

$14.095

Market Cap:

$496.60M

BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2003-10-29

Stock Exchange

NYSE

Ticker

FRA

The Current Ratio as of December 2024 (TTM) for BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) is 0.57

According to BlackRock Floating Rate Income Strategies Fund, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.57. This represents a change of 9.29% compared to the average of 0.52 of the last 4 quarters.

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Historical Current Ratio (quarterly & annually)

How has FRA Current Ratio performed in the past?

The mean historical Current Ratio of BlackRock Floating Rate Income Strategies Fund, Inc. over the last ten years is 0.58. The current 0.57 Current Ratio has changed 9.56% with respect to the historical average. Over the past ten years (40 quarters), FRA's Current Ratio was at its highest in in the September 2022 quarter at 3.22. The Current Ratio was at its lowest in in the December 2023 quarter at 0.07.

Quarterly (TTM)
Annual

Average

0.58

Median

0.33

Minimum

0.06

Maximum

2.79

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Current Ratio by Quarter and Year

Discovering the peaks and valleys of BlackRock Floating Rate Income Strategies Fund, Inc. 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 = 708.46%

Maximum Annual Current Ratio = 2.79

Minimum Annual Increase = -97.68%

Minimum Annual Current Ratio = 0.06

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.06-97.68%
20222.79708.46%
20210.3522.30%
20200.28-25.90%
20190.3844.20%
20180.26-13.27%
20170.3013.29%
20160.27-58.62%
20150.6531.58%
20140.49553.91%

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Average Current Ratio

How has FRA Current Ratio performed in the past?

The current Current Ratio of BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.07

5-year avg

0.77

10-year avg

0.58

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) Current Ratio vs. Peers

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

BlackRock Floating Rate Income Strategies Fund, Inc.’s Current Ratio is less than BlackRock Floating Rate Income Trust (0.99), less than Nuveen Floating Rate Income Opportunity Fund (0.99), less than Eaton Vance Floating-Rate Income Trust (1.03), greater than Eaton Vance Senior Floating-Rate Trust (0.10), less than Nuveen Floating Rate Income Fund (0.83),

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