BlackRock Long-Term Municipal Advantage Trust (BTA) - Net Assets
Based on the latest financial reports, BlackRock Long-Term Municipal Advantage Trust (BTA) has net assets worth $127.68 Million USD as of July 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($211.64 Million) and total liabilities ($83.96 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is BlackRock Long-Term Municipal Advantage 's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $127.68 Million |
| % of Total Assets | 60.33% |
| Annual Growth Rate | -2.42% |
| 5-Year Change | -28.57% |
| 10-Year Change | -26.2% |
| Growth Volatility | 13.65 |
BlackRock Long-Term Municipal Advantage Trust - Net Assets Trend (2006–2025)
This chart illustrates how BlackRock Long-Term Municipal Advantage Trust's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BTA market cap.
Annual Net Assets for BlackRock Long-Term Municipal Advantage Trust (2006–2025)
The table below shows the annual net assets of BlackRock Long-Term Municipal Advantage Trust from 2006 to 2025. Also explore how fast is BlackRock Long-Term Municipal Advantage growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | $127.68 Million | -11.45% |
| 2024-07-31 | $144.19 Million | +3.52% |
| 2023-07-31 | $139.29 Million | -5.10% |
| 2022-07-31 | $146.77 Million | -17.89% |
| 2021-07-31 | $178.75 Million | +18.90% |
| 2020-07-31 | $150.34 Million | -10.21% |
| 2019-07-31 | $167.43 Million | +1.60% |
| 2018-07-31 | $164.79 Million | -0.01% |
| 2017-07-31 | $164.80 Million | -4.74% |
| 2016-07-31 | $173.00 Million | +3.04% |
| 2015-07-31 | $167.90 Million | +4.09% |
| 2014-07-31 | $161.30 Million | -6.44% |
| 2013-07-31 | $172.40 Million | +5.64% |
| 2012-07-31 | $163.20 Million | +16.16% |
| 2011-07-31 | $140.50 Million | -6.52% |
| 2010-07-31 | $150.30 Million | +18.25% |
| 2009-07-31 | $127.10 Million | -40.64% |
| 2007-07-31 | $214.10 Million | +5.31% |
| 2006-07-31 | $203.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BlackRock Long-Term Municipal Advantage Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2497818800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $152.96 Million | 119.80% |
| Total Equity | $127.68 Million | 100.00% |
BlackRock Long-Term Municipal Advantage Trust Competitors by Market Cap
The table below lists competitors of BlackRock Long-Term Municipal Advantage Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FinLab AG
F:A7A
|
$130.67 Million |
|
Tecogen Inc.
NYSE:TGEN
|
$130.69 Million |
|
Horizon Copper Corp.
V:HCU
|
$130.74 Million |
|
Bastogi S.p.A
F:BAOA
|
$130.77 Million |
|
Paragon Care Limited
F:PXS
|
$130.61 Million |
|
Optical Cable Corporation
NASDAQ:OCC
|
$130.53 Million |
|
Surteco Group SE
XETRA:SUR
|
$130.52 Million |
|
First Farms A/S
CO:FFARMS
|
$130.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BlackRock Long-Term Municipal Advantage Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 144,188,991 to 127,682,034, a change of -16,506,957 (-11.4%).
- Net loss of 8,684,940 reduced equity.
- Dividend payments of 8,389,691 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.68 Million | -6.8% |
| Dividends Paid | $8.39 Million | -6.57% |
| Other Changes | $567.67K | +0.44% |
| Total Change | $- | -11.45% |
Book Value vs Market Value Analysis
This analysis compares BlackRock Long-Term Municipal Advantage Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.65x to 1.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-07-31 | $14.88 | $9.72 | x |
| 2007-07-31 | $13.72 | $9.72 | x |
| 2009-07-31 | $9.52 | $9.72 | x |
| 2010-07-31 | $11.27 | $9.72 | x |
| 2011-07-31 | $10.51 | $9.72 | x |
| 2012-07-31 | $12.19 | $9.72 | x |
| 2013-07-31 | $12.85 | $9.72 | x |
| 2014-07-31 | $12.02 | $9.72 | x |
| 2015-07-31 | $12.51 | $9.72 | x |
| 2016-07-31 | $12.89 | $9.72 | x |
| 2017-07-31 | $12.27 | $9.72 | x |
| 2018-07-31 | $12.32 | $9.72 | x |
| 2019-07-31 | $12.30 | $9.72 | x |
| 2020-07-31 | $11.02 | $9.72 | x |
| 2021-07-31 | $13.29 | $9.72 | x |
| 2022-07-31 | $11.06 | $9.72 | x |
| 2023-07-31 | $10.36 | $9.72 | x |
| 2024-07-31 | $10.73 | $9.72 | x |
| 2025-07-31 | $9.50 | $9.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BlackRock Long-Term Municipal Advantage Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -82.71%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.66x
- Recent ROE (-6.80%) is below the historical average (5.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 7.19% | 127.48% | 0.03x | 1.91x | $-5.57 Million |
| 2007 | -3.26% | -34.02% | 0.05x | 1.99x | $-24.30 Million |
| 2009 | 13.45% | 286.91% | 0.03x | 1.65x | $4.39 Million |
| 2010 | 21.60% | 270.07% | 0.05x | 1.62x | $17.45 Million |
| 2011 | -0.28% | -3.18% | 0.05x | 1.63x | $-14.44 Million |
| 2012 | 20.05% | 267.10% | 0.05x | 1.63x | $16.40 Million |
| 2013 | 11.08% | 156.43% | 0.04x | 1.61x | $1.86 Million |
| 2014 | -0.73% | -9.90% | 0.05x | 1.56x | $-17.30 Million |
| 2015 | 9.70% | 139.25% | 0.05x | 1.51x | $-501.61K |
| 2016 | 8.36% | 122.74% | 0.04x | 1.64x | $-2.84 Million |
| 2017 | 0.32% | 4.19% | 0.04x | 1.69x | $-15.95 Million |
| 2018 | 5.36% | 97.50% | 0.03x | 1.72x | $-7.65 Million |
| 2019 | 6.67% | 98.15% | 0.04x | 1.67x | $-5.58 Million |
| 2020 | -5.99% | 0.00% | -0.03x | 1.77x | $-24.03 Million |
| 2021 | 20.46% | 99.37% | 0.13x | 1.64x | $18.71 Million |
| 2022 | -14.11% | 0.00% | -0.08x | 1.74x | $-35.96 Million |
| 2023 | -2.42% | 0.00% | -0.01x | 1.62x | $-17.30 Million |
| 2024 | 8.27% | 75.56% | 0.07x | 1.61x | $-2.49 Million |
| 2025 | -6.80% | -82.71% | 0.05x | 1.66x | $-21.45 Million |
Industry Comparison
This section compares BlackRock Long-Term Municipal Advantage Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $470,355,793
- Average return on equity (ROE) among peers: -2765.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BlackRock Long-Term Municipal Advantage Trust (BTA) | $127.68 Million | 7.19% | 0.66x | $130.64 Million |
| Acadian Asset Management Inc (AAMI) | $384.40 Million | 74.58% | 2.59x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.26 Billion | 17.77% | 0.01x | $3.29 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $112.30 Million | -188.33% | 0.07x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $320.05 Million | 6.55% | 0.46x | $78.90 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $10.54 Million | -122.10% | 1.07x | $194.14 Million |
| Alpha Compute Corp (ALP) | $3.06K | -27347.58% | 41.39x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $970.20 Million | -10.62% | 0.29x | $323.79 Million |
| Amber International Holding Limited (AMBR) | $41.25 Million | -93.79% | 2.97x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $655.56 Million | 9.23% | 1.32x | $9.52 Billion |
About BlackRock Long-Term Municipal Advantage Trust
BlackRock Long-Term Municipal Advantage Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of i… Read more