How much debt does BlackRock have?
According to BlackRock's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
BlackRock's total debt stands at $14.22B. This is broken down into:
- Long-term debt: $14.22B
- Short-term debt: $-
The company's net debt, which accounts for cash and cash equivalents, is $1.46B. In terms of overall financial obligations, BlackRock's total liabilities amount to $89.26B.
Debt Ratios and Metrics
To better understand BlackRock's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.33 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 10.26% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 14.08 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 22.01% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 24.59% - this indicates the total debt in the company's capital structure.
These metrics provide insight into BlackRock's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$14.22B
Long-term Debt
$14.22B
Short-term Debt
$-
Net Debt
$1.46B
Total Liabilities
$89.26B
Interest Coverage
14.08
Debt to Equity Ratio
0.33
Debt Ratio
10.26%
BlackRock Historical Debt Metrics
BlackRock Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $14.22B | $14.22B | $- | $1.46B | $89.26B | 0.33 | 10.26% | 14.08 | 22.01% | 24.59% |
| 2023 | $9.70B | $9.70B | $- | $966.00M | $81.97B | 0.25 | 7.87% | 21.49 | 16.75% | 19.78% |
| 2022 | $8.49B | $7.49B | $1.00B | $1.07B | $78.84B | 0.22 | 7.22% | 30.12 | 13.03% | 18.36% |
| 2021 | $9.32B | $9.32B | $- | $-5.00M | $113.75B | 0.25 | 6.10% | 36.34 | 16.50% | 19.82% |
| 2020 | $7.26B | $8.02B | $- | $-1.40B | $139.33B | 0.21 | 4.10% | 27.78 | 17.07% | 17.07% |
| 2019 | $4.96B | $5.58B | $- | $126.00M | $133.69B | 0.15 | 2.94% | 27.34 | 12.87% | 12.87% |
| 2018 | $5.06B | $4.98B | $- | $-1.43B | $126.03B | 0.16 | 3.17% | 29.66 | 13.33% | 13.52% |
| 2017 | $5.01B | $5.01B | $- | $-2.02B | $187.93B | 0.16 | 2.28% | 25.63 | 13.61% | 13.61% |
| 2016 | $4.92B | $4.92B | $- | $-1.26B | $190.83B | 0.17 | 2.23% | 22.29 | 14.45% | 14.45% |
| 2015 | $4.93B | $4.93B | $- | $-1.30B | $196.22B | 0.17 | 2.19% | 22.86 | 14.75% | 14.75% |
Related Metrics
Explore detailed financial metrics and analysis for BLK.