MIY
Price:
$11.65
Market Cap:
$337.44M
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
According to BlackRock MuniYield Michigan Quality Fund, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 8.04. This represents a change of 72.11% compared to the average of 4.67 of the last 4 quarters.
The mean historical Current Ratio of BlackRock MuniYield Michigan Quality Fund, Inc. over the last ten years is 3.13. The current 8.04 Current Ratio has changed 25.58% 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.
Average
3.13
Median
2.53
Minimum
0.14
Maximum
8.41
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
Year | Current Ratio | Change |
---|---|---|
2024 | 8.04 | 736.39% |
2023 | 0.96 | 522.69% |
2022 | 0.15 | -96.51% |
2021 | 4.42 | -47.46% |
2020 | 8.41 | 77.72% |
2019 | 4.73 | 3.29% |
2018 | 0.14 | -96.60% |
2017 | 4.11 | 2.48% |
2016 | 0.16 | -15.79% |
2015 | 0.19 | -95.15% |
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
3.05
5-year avg
4.39
10-year avg
3.13
BlackRock MuniYield Michigan Quality Fund, Inc.’s Current Ratio is greater than John Hancock Income Securities Trust (0), greater 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), greater than BlackRock MuniYield Quality Fund, Inc. (1.03), greater than DWS Municipal Income Trust (0.52), greater than BlackRock MuniYield Quality Fund III, Inc. (0), 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. (0.34), greater than Nuveen California Select Tax-Free Income Portfolio (3.14), greater than Federated Hermes Premier Municipal Income Fund (4.36),
Company | Current Ratio | Market cap |
---|---|---|
0 | $133.59M | |
4.29 | $119.17M | |
3.11 | $66.38M | |
2.04 | $167.75M | |
0.31 | $635.08M | |
0.03 | $904.22M | |
0 | $627.19M | |
1.03 | $882.83M | |
0.52 | $386.24M | |
0 | $748.42M | |
1.46 | $79.15M | |
0 | $266.40M | |
0 | $66.25M | |
0.34 | $322.98M | |
3.14 | $84.62M | |
4.36 | $127.63M |
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