BlackRock Floating Rate Income Trust (BGT) EV/Sales Ratio
Not meaningful for this company
EV/Sales is not a meaningful metric for BlackRock Floating Rate Income Trust: for banks and insurers, enterprise value adds debt and subtracts cash, but those are operating inputs rather than structural leverage, so the multiple isn't comparable. These companies are valued on book value (P/B), return on equity (ROE), and P/E instead. We show an honest "not meaningful" rather than a misleading number.
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About BlackRock Floating Rate Income Trust
BlackRock Floating Rate Income Trust, an investment vehicle established in the United States on August 30, 2004 (originally known as BlackRock Global Floating Rate Income Trust), operates as a closed-end mutual fund concentrating on fixed income. Jointly managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc., under the umbrella of BlackRock Inc., the Trust strategically allocates capital to fixed income instruments across international markets, with a significant emphasis on opportunities within the United States. Its portfolio primarily comprises corporate bonds issued by companies spanning various sectors. A key characteristic of its investment strategy is maintaining an average effective portfolio duration of no more than 1.5 years.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- CEO
- Charles Choon Sik Park