BlackRock MuniYield Michigan Quality Fund, Inc.

BlackRock MuniYield Michigan Quality Fund, Inc.verified

MIY

Price:

$11.91

Market Cap:

$344.97M

BlackRock MuniYield Michigan Quality Fund, Inc. is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes. BlackRock MuniYield Michigan Quality Fund, Inc. was formed on October 30, 1992 and is domiciled in the United States.[Read more]

Industry

Asset Management

IPO Date

1992-11-04

Stock Exchange

NYSE

Ticker

MIY

The Current Ratio as of September 2024 (TTM) for BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is 3.74

According to BlackRock MuniYield Michigan Quality Fund, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.74. This represents a change of 59.13% compared to the average of 2.35 of the last 4 quarters.

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Historical Current Ratio (quarterly & annually)

How has MIY Current Ratio performed in the past?

The mean historical Current Ratio of BlackRock MuniYield Michigan Quality Fund, Inc. over the last ten years is 2.72. The current 3.74 Current Ratio has changed 13.68% with respect to the historical average. Over the past ten years (40 quarters), MIY's Current Ratio was at its highest in in the July 2020 quarter at 8.41. The Current Ratio was at its lowest in in the October 2019 quarter at 0.12.

Quarterly (TTM)
Annual

Average

2.72

Median

2.43

Minimum

0.14

Maximum

8.41

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of BlackRock MuniYield Michigan Quality 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 = 3.29%

Maximum Annual Current Ratio = 8.41

Minimum Annual Increase = -96.60%

Minimum Annual Current Ratio = 0.14

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.96522.69%
20220.15-96.51%
20214.42-47.46%
20208.4177.72%
20194.733.29%
20180.14-96.60%
20174.112.48%
20160.16-15.79%
20150.19-95.15%
20143.902.13%

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Average Current Ratio

How has MIY Current Ratio performed in the past?

The current Current Ratio of BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.84

5-year avg

3.73

10-year avg

2.72

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) Current Ratio vs. Peers

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

BlackRock MuniYield Michigan Quality Fund, Inc.’s Current Ratio is greater than John Hancock Income Securities Trust (0), less than MFS High Income Municipal Trust (4.29), greater than MFS Investment Grade Municipal Trust (3.11), greater than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than BlackRock MuniHoldings Fund, Inc. (0.31), greater than BlackRock Municipal Income Fund, Inc. (0.03), greater than Nuveen Dynamic Municipal Opportunities Fund (0.79), greater than BlackRock MuniYield Quality Fund, Inc. (1.03), greater than DWS Municipal Income Trust (2.16), greater than BlackRock MuniYield Quality Fund III, Inc. (0.12), greater than DTF Tax-Free Income 2028 Term Fund Inc. (1.46), greater than Eaton Vance National Municipal Opportunities Trust (0), greater than Invesco High Income 2024 Target Term Fund (0), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), greater than Nuveen California Select Tax-Free Income Portfolio (3.34), less than Federated Hermes Premier Municipal Income Fund (4.36),

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