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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Post by quinlashon Apr 05, 2021 12:57pm
126 Views
Post# 32937613

HEXO Using debt Safely

HEXO Using debt SafelyTaken From Article:

According to the last reported balance sheet, HEXO had liabilities of CA$58.0m due within 12 months, and liabilities of CA$79.7m due beyond 12 months. Offsetting these obligations, it had cash of CA$149.8m as well as receivables valued at CA$35.3m due within 12 months. So it actually has CA$47.3m more liquid assets than total liabilities.
 
This short term liquidity is a sign that HEXO could probably pay off its debt with ease, as its balance sheet is far from stretched. Succinctly put, HEXO boasts net cash, so it's fair to say it does not have a heavy debt load! The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately the future profitability of the business will decide if HEXO can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.
 
In the last year HEXO wasn't profitable at an EBIT level, but managed to grow its revenue by 70%, to CA$96m. Shareholders probably have their fingers crossed that it can grow its way to profits.


NOTE:  HEXO has since reported EBITDA Positive (adjusted) on its most recent QTR report

Link to Full Article:
https://simplywall.st/stocks/ca/pharmaceuticals-biotech/tsx-hexo/hexo-shares/news/hexo-tsehexo-is-using-debt-safely
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