BlackRock Investment Quality Municipal Closed Fund (BKN) — Defensive Interval Ratio
BlackRock Investment Quality Municipal Closed Fund (BKN) has a Defensive Interval Ratio of 29 days as of July 2025. Defensive assets of $5.77 Million (cash $-, short-term investments $1.85 Million, receivables $3.92 Million) cover 29 days of daily cash needs of $200.50K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
BlackRock Investment Quality Municipal Closed Fund Defensive Interval Ratio (2013–2025)
This chart shows how BlackRock Investment Quality Municipal Closed Fund's Defensive Interval Ratio has evolved across 13 annual periods from 2013 to 2025. As of July 2025, the ratio stands at 29 days, meaning defensive assets of $5.77 Million can fund 29 days of operations without new revenue. For the complete balance sheet picture, see BKN total asset value.
Annual Defensive Interval Ratio for BlackRock Investment Quality Municipal Closed Fund (2013–2025)
The table below presents the year-by-year Defensive Interval Ratio for BlackRock Investment Quality Municipal Closed Fund from 2013 to 2025, covering 13 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See BKN working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 29 days | $5.77 Million | $200.50K/day | $- | $1.85 Million | ▼ -291 days |
| 2024 | 319 days | $4.31 Million | $13.50K/day | $- | $- | ▲ +2280 days |
| 2023 | -1960 days | $-51.65 Million | $26.35K/day | $- | $-55.51 Million | ▼ -1375 days |
| 2022 | -586 days | $-89.53 Million | $152.83K/day | $- | $-96.57 Million | ▼ -620 days |
| 2021 | 34 days | $5.25 Million | $152.98K/day | $- | $- | ▲ +570 days |
| 2020 | -535 days | $-86.28 Million | $161.11K/day | $- | $-93.12 Million | ▲ +40 days |
| 2019 | -575 days | $-84.74 Million | $147.26K/day | $- | $-90.35 Million | ▼ -890 days |
| 2018 | 314 days | $7.95 Million | $25.28K/day | $- | $0.00 | ▼ -700 days |
| 2017 | 1014 days | $4.95 Million | $4.88K/day | $- | $0.00 | ▲ +639 days |
| 2016 | 375 days | $10.54 Million | $28.13K/day | $- | $0.00 | ▲ +49 days |
| 2015 | 326 days | $5.07 Million | $15.54K/day | $- | $0.00 | ▲ +238 days |
| 2014 | 88 days | $7.89 Million | $89.58K/day | $- | $- | ▲ +33 days |
| 2013 | 55 days | $5.68 Million | $102.64K/day | $- | $- | — |