Blackrock Municipal Target Term Closed Fund (BTT) — Working Capital to Net Assets Ratio
Blackrock Municipal Target Term Closed Fund (BTT) has a Working Capital to Net Assets ratio of 3.4% as of January 2026. Working capital of $54.16 Million (current assets of $55.32 Million minus current liabilities of $1.15 Million) is measured against net assets of $1.58 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Blackrock Municipal Target Term Closed F to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Blackrock Municipal Target Term Closed Fund Working Capital to Net Assets (2013–2025)
This chart shows how Blackrock Municipal Target Term Closed Fund's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of January 2026, the ratio stands at 3.4%, reflecting working capital of $54.16 Million against net assets of $1.58 Billion USD. For the complete balance sheet picture, see Blackrock Municipal Target Term Closed F balance sheet assets.
Annual Working Capital to Net Assets for Blackrock Municipal Target Term Closed Fund (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Blackrock Municipal Target Term Closed Fund from 2013 to 2025, covering 13 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check BTT asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -4.9% | $-76.60 Million | $1.55 Billion | $22.97 Million | $99.57 Million | ▼ -4.0 pp |
| 2024 | -0.9% | $-14.80 Million | $1.57 Billion | $70.41 Million | $85.20 Million | ▼ -1.6 pp |
| 2023 | 0.7% | $17.36 Million | $2.48 Billion | $21.64 Million | $4.27 Million | ▲ +1.1 pp |
| 2022 | -0.4% | $-7.02 Million | $1.71 Billion | $46.72 Million | $53.74 Million | ▼ -1.0 pp |
| 2021 | 0.6% | $17.11 Million | $2.91 Billion | $24.56 Million | $7.45 Million | ▼ -0.1 pp |
| 2020 | 0.7% | $20.32 Million | $2.87 Billion | $25.11 Million | $4.79 Million | ▲ +0.0 pp |
| 2019 | 0.7% | $19.94 Million | $2.82 Billion | $25.59 Million | $5.65 Million | ▲ +16.1 pp |
| 2018 | -15.4% | $-255.84 Million | $1.67 Billion | $26.56 Million | $282.40 Million | ▼ -2.4 pp |
| 2017 | -12.9% | $-217.16 Million | $1.68 Billion | $25.34 Million | $242.50 Million | ▲ +1.4 pp |
| 2016 | -14.3% | $-256.08 Million | $1.79 Billion | $22.46 Million | $278.54 Million | ▼ -4.0 pp |
| 2015 | -10.3% | $-164.81 Million | $1.60 Billion | $27.06 Million | $191.87 Million | ▲ +0.2 pp |
| 2014 | -10.5% | $-163.29 Million | $1.55 Billion | $27.76 Million | $191.05 Million | ▲ +9.6 pp |
| 2013 | -20.1% | $-265.78 Million | $1.32 Billion | $25.87 Million | $291.65 Million | — |