Blackrock Municipal Target Term Closed Fund (BTT) — Cash Flow Quality Index
Blackrock Municipal Target Term Closed Fund (BTT) has a Cash Flow Quality Index of 0.54x as of January 2026. Operating cash flow of $28.81 Million is below net income of $53.57 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore BTT operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Blackrock Municipal Target Term Closed Fund Cash Flow Quality Index (2014–2025)
Historical Cash Flow Quality Index for Blackrock Municipal Target Term Closed Fund across 9 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Blackrock Municipal Target Term Closed F.
Annual Cash Flow Quality Index for Blackrock Municipal Target Term Closed Fund (2014–2025)
Year-by-year earnings quality comparison for Blackrock Municipal Target Term Closed Fund.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.11x | $60.49 Million | $54.45 Million | ▼ -62.3% |
| 2024 | 2.95x | $137.43 Million | $46.65 Million | ▲ +348.8% |
| 2021 | 0.66x | $81.36 Million | $123.95 Million | ▲ +28.1% |
| 2020 | 0.51x | $52.76 Million | $102.93 Million | ▲ +83.0% |
| 2019 | 0.28x | $53.87 Million | $192.34 Million | ▲ +174.4% |
| 2018 | -0.38x | $-17.11 Million | $45.47 Million | ▼ -217.5% |
| 2016 | 0.32x | $81.53 Million | $254.50 Million | ▼ -43.3% |
| 2015 | 0.56x | $67.64 Million | $119.72 Million | ▲ +1.3% |
| 2014 | 0.56x | $171.09 Million | $306.89 Million | — |