BlackRock Credit Allocation Income Trust (BTZ) Balance Sheet
BTZ balance sheet, 2025
December 31, 2025 · U.S. dollars$1.77B assets = $711.4M liabilities + $1.06B equity
Both columns are drawn to the same scale: what BTZ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BTZ financial health
Descriptive bands, not a rating. Fiscal 2025.
BTZ balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.25B2016 | $1.77B2025 | −2.6%/yr | |
| Total liabilities | $669.8M2016 | $711.4M2025 | +0.7%/yr | |
| Shareholders’ equity | $1.58B2016 | $1.06B2025 | −4.3%/yr | |
| Cash & short-term investments | $9.9M2016 | $10.6M2025 | +0.8%/yr | |
| Total debt | $638.5M2016 | $544.9M2025 | −1.7%/yr | |
| Net cash (debt) | −$628.6M2016 | −$534.3M2025 | +$94.2M | |
| Working capital | −$618.9M2016 | −$510.5M2025 | +$108.4M | |
| Book value per share | $14.612016 | $11.362025 | −2.8%/yr | |
| Current ratio | 0.082016 | 0.062025 | −0.01 | |
| Debt / equity | 0.402016 | 0.512025 | +0.11 | |
| Shares outstanding | 108.1M2016 | 93.3M2025 | −1.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BTZ assets
BTZ liabilities and equity
BTZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BTZ balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $10.6M | $6.5M | $1,475 | $64,077 | $22.0M | $167,836 | $804 | $69,768 | $9.2M | $9.9M |
| Cash & equivalents | $135,788 | $199,614 | $1,475 | $64,077 | $0 | $167,836 | $804 | $69,768 | $31,193 | $17,051 |
| Short-term investments | $10.5M | $6.3M | $16.3M | $8.1M | $22.0M | $24.1M | $4.8M | $7.9M | $9.1M | $9.9M |
| Receivables | $23.9M | $24.2M | $25.7M | $31.2M | $24.6M | $24.8M | $26.7M | $37.5M | $26.1M | $45.1M |
| Inventory | $0 | $0 | $0 | $39.4M | $0 | $49.2M | $32.4M | $46.8M | $26.2M | $1 |
| Other current assets | $0 | $0 | $15.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $34.5M | $6.5M | $41.5M | $31.3M | $24.6M | $25.0M | $26.6M | $37.6M | $26.1M | $50.3M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.74B | $1.56B | $1.72B | $1.67B | $1.98B | $2.08B | $2.11B | $2.12B | $2.07B | $2.20B |
| Other non-current assets | $186,431 | $26.5M | $0 | $17.4M | $2.5M | $2.3M | $615,747 | $5.9M | $2.7M | $2,951 |
| Total assets | $1.77B | $1.59B | $1.77B | $1.72B | $2.01B | $2.11B | $2.14B | $2.16B | $2.10B | $2.25B |
| Liabilities | ||||||||||
| Accounts payable | $164.0M | $4.1M | $78.3M | $68.1M | $8.3M | $9.0M | $6.1M | $2.4M | $18.6M | $20.4M |
| Short-term debt | $544.9M | $536.0M | $590.9M | $594.0M | $587.0M | $614.2M | $568.5M | $715.1M | $478.0M | $638.5M |
| Deferred revenue | — | — | — | −$526.0M | −$578.7M | −$605.2M | −$562.4M | −$712.6M | −$459.3M | $3.6M |
| Total current liabilities | $544.9M | $4.1M | $78.3M | $68.1M | $8.3M | $9.0M | $6.1M | $2.4M | $18.6M | $669.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $685.0M | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Other long-term liabilities | $166.5M | $538.6M | $605.5M | $602.1M | $587.0M | $0 | $6.1M | $2.4M | $477.9M | $678,865 |
| Total liabilities | $711.4M | $542.7M | $683.8M | $670.2M | $598.0M | $641.2M | $584.0M | $721.9M | $500.8M | $669.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.14B | $1.16B | $1.20B | $1.23B | $1.25B | $1.27B | $1.44B | $1.46B | $1.53B | $1.70B |
| Retained earnings (deficit) | −$78.1M | −$112.7M | −$113.2M | −$186.2M | $158.9M | $201.6M | $112.5M | −$24.9M | $1.6M | $1.2M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | — | $158.9M | $0 | $0 | −$25.9M | $68.8M | −$122.3M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $1.06B | $1.05B | $1.08B | $1.05B | $1.41B | $1.47B | $1.55B | $1.44B | $1.60B | $1.58B |
| Key figures | ||||||||||
| Total debt | $544.9M | $536.0M | $590.9M | $594.0M | $587.0M | $1.30B | $568.5M | $715.1M | $478.0M | $638.5M |
| Net cash (debt) | −$534.3M | −$529.5M | −$590.9M | −$594.0M | −$565.0M | −$1.30B | −$568.5M | −$715.0M | −$468.8M | −$628.6M |
| Working capital | −$510.5M | $2.4M | −$36.7M | −$36.8M | $16.2M | $16.0M | $20.6M | $35.1M | $7.5M | −$618.9M |
| Tangible book value | $1.06B | $1.05B | $1.08B | $1.05B | $1.41B | $1.47B | $1.55B | $1.44B | $1.60B | $1.58B |
| Book value per share | $11.36 | $11.45 | $11.59 | $11.19 | $15.10 | $15.71 | $14.94 | $12.50 | $14.85 | $14.61 |
| Shares outstanding | 93.3M | 91.8M | 93.3M | 93.5M | 93.5M | 93.5M | 103.9M | 115.2M | 107.6M | 108.1M |
| Current ratio | 0.06 | 1.59 | 0.53 | 0.46 | 2.96 | 2.78 | 4.39 | 15.35 | 1.40 | 0.08 |
| Quick ratio | 0.06 | 7.52 | 0.33 | 0.46 | 5.61 | 2.78 | 4.40 | 15.35 | 1.90 | 0.08 |
| Debt / equity | 0.51 | 0.51 | 0.55 | 0.57 | 0.42 | 0.88 | 0.37 | 0.50 | 0.30 | 0.40 |
| Equity / assets | 59.8% | 66.0% | 61.3% | 60.9% | 70.3% | 69.6% | 72.6% | 66.6% | 76.1% | 70.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $6.5M | $240,524 | $10.6M | $135,788 | $1,218 | $1,218 | $6.5M | $199,614 | $1.1M | $1.1M | $1,475 | $1,475 |
| Cash & equivalents | $240,524 | $240,524 | $135,788 | $135,788 | $1,218 | $1,218 | $199,614 | $199,614 | $1.1M | $1.1M | $1,475 | $1,475 |
| Short-term investments | $6.3M | — | $10.5M | — | — | — | $6.3M | — | $11.0M | — | $16.3M | — |
| Receivables | $29.3M | $29.3M | $23.9M | $23.3M | $31.6M | $31.3M | $24.2M | $23.8M | $28.9M | $28.9M | $25.7M | $25.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27,512 | $27,512 | $0 | $0 |
| Other current assets | $1.9M | $17.4M | $0 | $11.2M | $21,188 | $12.5M | $0 | $9.0M | $12.7M | $12.7M | $15.9M | $15.9M |
| Total current assets | $37.7M | $47.0M | $34.5M | $34.7M | $31.6M | $43.8M | $6.5M | $33.0M | $42.7M | $42.7M | $41.5M | $41.1M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.61B | $0 | $1.74B | $0 | $1.79B | $0 | $1.56B | $0 | $1.63B | $0 | $1.72B | $0 |
| Other non-current assets | $9.2M | $1.61B | $186,431 | $1.74B | $12.2M | $1.79B | $26.5M | $1.56B | $0 | $1.63B | $0 | $1.72B |
| Total assets | $1.65B | $1.65B | $1.77B | $1.77B | $1.83B | $1.83B | $1.59B | $1.59B | $1.67B | $1.67B | $1.77B | $1.77B |
| Liabilities | ||||||||||||
| Accounts payable | $158.9M | $158.5M | $164.0M | $163.6M | $175.4M | $175.0M | $4.1M | $4.1M | $18.1M | $18.1M | $78.3M | $78.3M |
| Short-term debt | $469.1M | $469.0M | $544.9M | $544.9M | $588.3M | $588.3M | $536.0M | $536.0M | $597.2M | $597.2M | $590.9M | $590.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | $1.7M | $1.7M | — | — |
| Total current liabilities | $469.1M | $630.9M | $544.9M | $711.4M | $175.4M | $768.3M | $4.1M | $542.7M | $18.5M | $620.2M | $78.3M | $683.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $161.8M | $0 | $166.5M | $0 | $592.9M | $1 | $538.6M | $0 | $601.7M | $0 | $605.5M | $0 |
| Total liabilities | $630.9M | $630.9M | $711.4M | $711.4M | $768.3M | $768.3M | $542.7M | $542.7M | $620.2M | $620.2M | $683.8M | $683.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.14B | $1.14B | $1.14B | $1.14B | $1.16B | $1.16B | $1.16B | $1.16B | $1.20B | $1.20B | $1.20B | $1.20B |
| Retained earnings (deficit) | −$114.0M | −$114.0M | −$78.1M | −$78.1M | −$103.6M | −$103.6M | −$112.7M | −$112.7M | −$143.9M | −$143.9M | −$113.2M | −$113.2M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $1.02B | $1.02B | $1.06B | $1.06B | $1.06B | $1.06B | $1.05B | $1.05B | $1.05B | $1.05B | $1.08B | $1.08B |
| Key figures | ||||||||||||
| Total debt | $469.1M | $469.0M | $544.9M | $544.9M | $580.9M | $588.3M | $536.0M | $536.0M | $597.2M | $597.2M | $590.9M | $590.9M |
| Net cash (debt) | −$462.5M | −$468.8M | −$534.3M | −$544.8M | −$580.9M | −$588.3M | −$529.5M | −$535.8M | −$596.1M | −$596.1M | −$590.9M | −$590.9M |
| Working capital | −$431.3M | −$583.9M | −$510.5M | −$676.8M | −$143.8M | −$724.5M | $2.4M | −$509.6M | $24.3M | −$577.4M | −$36.7M | −$642.7M |
| Tangible book value | $1.02B | $1.02B | $1.06B | $1.06B | $1.06B | $1.06B | $1.05B | $1.05B | $1.05B | $1.05B | $1.08B | $1.08B |
| Book value per share | $10.97 | $10.97 | $11.36 | $11.36 | $11.36 | $11.36 | $11.27 | $11.27 | $11.27 | $11.27 | $11.59 | $11.59 |
| Shares outstanding | 93.3M | 93.3M | 93.3M | 93.3M | 93.3M | 93.3M | 93.3M | 93.3M | 93.3M | 93.3M | 93.3M | 93.3M |
| Current ratio | 0.08 | 0.07 | 0.06 | 0.05 | 0.18 | 0.06 | 1.59 | 0.06 | 2.32 | 0.07 | 0.53 | 0.06 |
| Quick ratio | 0.08 | 0.05 | 0.06 | 0.03 | 0.18 | 0.04 | 7.52 | 0.04 | 1.63 | 0.05 | 0.33 | 0.04 |
| Debt / equity | 0.46 | 0.46 | 0.51 | 0.51 | 0.55 | 0.55 | 0.51 | 0.51 | 0.57 | 0.57 | 0.55 | 0.55 |
| Equity / assets | 61.9% | 61.9% | 59.8% | 59.8% | 58.0% | 58.0% | 66.0% | 66.0% | 62.9% | 62.9% | 61.3% | 61.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
BTZ financial position
At the end of fiscal 2025 (December 31, 2025), BlackRock Credit Allocation Income Trust had total assets of $1.8 billion (up 11.1% from a year earlier), total liabilities of $711.4 million and shareholders' equity of $1.1 billion. It held $10.6 million in cash and short-term investments against $544.9 million of debt, net debt of $534.3 million. Its current ratio was 0.06. In the latest quarter (ended June 30, 2026) total assets were $1.7 billion and equity $1.0 billion.
Related: BTZ income statement, BTZ cash flow statement, BTZ key metrics. See the BTZ stock overview for the latest quote and news.
BTZ balance sheet FAQ
What are BlackRock Credit Allocation Income Trust's total assets?
BlackRock Credit Allocation Income Trust reported total assets of $1.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.6 billion a year earlier.
How much debt does BlackRock Credit Allocation Income Trust have?
BlackRock Credit Allocation Income Trust had $544.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.51.
How much cash does BlackRock Credit Allocation Income Trust have?
BlackRock Credit Allocation Income Trust held $10.6 million in cash and short-term investments at the end of fiscal 2025; with $544.9 million of debt that is net debt of $534.3 million.
What is BlackRock Credit Allocation Income Trust's book value?
BlackRock Credit Allocation Income Trust's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2025, or $11.36 per share.
What is BlackRock Credit Allocation Income Trust's current ratio?
BlackRock Credit Allocation Income Trust had current assets of $34.5 million and current liabilities of $544.9 million, a current ratio of 0.06 (current liabilities exceed current assets).