BlackRock ESG Capital Allocation Trust (ECAT) Balance Sheet

NYSE: ECATAssets, liabilities, debt and equity over 5 years.

ECAT balance sheet, 2025

December 31, 2025 · U.S. dollars

$1.79B assets = $182.3M liabilities + $1.61B equity

Both columns are drawn to the same scale: what ECAT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ECAT financial health

Current ratio0.02

Tight · current assets cover current liabilities 0.02×

Debt / equity0.00

Low leverage · $0.00 of debt for each $1 of equity

Equity / assets89.8%

Equity-funded · of assets funded by shareholders

Cash / debt874.1%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ECAT balance sheet trends, 2021–2025

BlackRock ESG Capital Allocation Trust balance sheet trends
Metric	Then	Latest	Change
Total assets	$2.20B2021	$1.79B2025	−5.0%/yr
Total liabilities	$9.2M2021	$182.3M2025	+111.1%/yr
Shareholders’ equity	$2.19B2021	$1.61B2025	−7.4%/yr
Cash & short-term investments	$4,2902021	$3.3M2025	+428.3%/yr
Total debt	$5,9752021	$382,3752025	+182.8%/yr
Net cash (debt)	−$1,6852021	$3.0M2025	+$3.0M
Working capital	−$1.6M2021	−$148.3M2025	−$146.7M
Book value per share	$20.572021	$15.852025	−6.3%/yr
Current ratio	0.532021	0.022025	−0.51
Debt / equity	0.002021	0.002025	0.00
Shares outstanding	106.3M2021	101.5M2025	−1.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ECAT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ECAT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ECAT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ECAT balance sheet

BlackRock ESG Capital Allocation Trust annual balance sheet
	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	$3.3M	$4.3M	$3.7M	$2.8M	$4,290
Cash & equivalents	$3.3M	$4.3M	$3.7M	$2.8M	$4,290
Receivables	$0	$7.5M	$19.3M	$125.3M	$1.7M
Inventory	$0	$0	$19.7M	$0	$0
Other current assets	$346	$0	$0	$14,326	$24,734
Total current assets	$3.3M	$4.3M	$23.0M	$128.1M	$1.7M
Property, plant & equipment (net)	$0	$0	$0	$0	$0
Goodwill & intangible assets	$0	$0	$0	$0	$0
Long-term investments	$1.73B	$1.86B	$1.93B	$1.88B	$2.19B
Other non-current assets	$56.2M	$31.5M	$20.9M	$14.8M	$4.9M
Total assets	$1.79B	$1.90B	$1.98B	$2.03B	$2.20B
Liabilities
Accounts payable	$148.8M	$138.2M	$124.9M	$216.9M	$3.3M
Total current liabilities	$151.6M	—	$124.9M	$216.9M	$3.3M
Long-term debt	$0	$0	$0	$0	$0
Other long-term liabilities	$30.7M	—	$14.3M	$107.3M	$5,975
Total liabilities	$182.3M	$151.6M	$139.2M	$324.2M	$9.2M
Shareholders' equity
Common stock & paid-in capital	$1.26B	$1.59B	$1.88B	$2.00B	$2.11B
Retained earnings (deficit)	$347.0M	$157.8M	−$41.2M	−$300.2M	$73.4M
Total shareholders' equity	$1.61B	$1.74B	$1.84B	$1.70B	$2.19B
Key figures
Total debt	$382,375	—	—	—	$5,975
Net cash (debt)	$3.0M	—	—	—	−$1,685
Working capital	−$148.3M	—	−$101.8M	−$88.9M	−$1.6M
Tangible book value	$1.61B	$1.74B	$1.84B	$1.70B	$2.19B
Book value per share	$15.85	$17.19	$18.14	$15.61	$20.57
Shares outstanding	101.5M	101.5M	101.3M	109.0M	106.3M
Current ratio	0.02	—	0.18	0.59	0.53
Quick ratio	0.02	—	0.18	0.59	0.52
Debt / equity	0.00	—	—	—	0.00
Equity / assets	89.8%	92.0%	93.0%	84.0%	99.6%

BlackRock ESG Capital Allocation Trust quarterly balance sheet
	Jun '26	Dec '25	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22	Jun '22	Jun '21
Assets
Cash & short-term investments	$5.9M	$3.3M	$3.4M	$4.3M	$4.5M	$3.7M	$3.8M	$2.8M	$3.1M	$100,000
Cash & equivalents	$5.9M	$3.3M	$3.4M	$4.3M	$4.5M	$3.7M	$3.8M	$2.8M	$3.1M	$100,000
Receivables	$0	$0	$0	$7.5M	$8.0M	$19.3M	$28.3M	$125.3M	$28.8M	$0
Inventory	$0	$0	$0	$0	$0	$19.7M	$0	$0	$0	$0
Other current assets	$54,367	$346	$24,131	$0	$0	$0	$0	$14,326	$7,849	$0
Total current assets	$6.0M	$3.3M	$3.4M	$4.3M	$4.5M	$23.0M	$32.1M	$128.1M	$31.9M	$100,000
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	$1.69B	$1.73B	$1.77B	$1.86B	$2.03B	$1.93B	$1.96B	$1.88B	$1.76B	$0
Other non-current assets	$68.0M	$56.2M	$37.9M	$31.5M	$32.7M	$20.9M	$19.1M	$14.8M	$24.3M	$0
Total assets	$1.76B	$1.79B	$1.81B	$1.90B	$2.07B	$1.98B	$2.01B	$2.03B	$1.81B	$100,000
Liabilities
Accounts payable	$158.7M	$148.8M	$132.4M	$138.2M	$138.1M	$124.9M	$152.9M	$216.9M	$9.8M	—
Total current liabilities	$161.7M	$151.6M	$136.2M	—	—	$124.9M	$152.9M	$216.9M	$9.8M	—
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other long-term liabilities	$25.1M	$30.7M	$19.5M	—	—	$14.3M	$14.9M	$107.3M	$37.9M	—
Total liabilities	$186.8M	$182.3M	$155.7M	$151.6M	$155.3M	$139.2M	$167.8M	$324.2M	$47.7M	$0
Shareholders' equity
Common stock & paid-in capital	$1.26B	$1.26B	$1.59B	$1.59B	$1.88B	$1.88B	$2.00B	$2.00B	$2.10B	$100,000
Retained earnings (deficit)	$311.3M	$347.0M	$69.6M	$157.8M	$32.1M	−$41.2M	−$160.3M	−$300.2M	−$328.4M	—
Total shareholders' equity	$1.57B	$1.61B	$1.66B	$1.74B	$1.91B	$1.84B	$1.84B	$1.70B	$1.77B	$100,000
Key figures
Total debt	$167,794	$382,375	—	—	—	—	—	—	$2.7M	—
Net cash (debt)	$5.7M	$3.0M	—	—	—	—	—	—	$316,569	—
Working capital	−$155.7M	−$148.3M	−$132.8M	—	—	−$101.8M	−$120.8M	−$88.9M	$22.0M	—
Tangible book value	$1.57B	$1.61B	$1.66B	$1.74B	$1.91B	$1.84B	$1.84B	$1.70B	$1.77B	$100,000
Book value per share	$15.81	$16.17	$16.68	$17.12	$18.76	$18.05	$17.99	$16.62	$16.92	$0.00
Shares outstanding	99.5M	99.5M	99.3M	101.9M	101.9M	101.9M	102.4M	102.4M	104.4M	105.7M
Current ratio	0.04	0.02	0.02	—	—	0.18	0.21	0.59	3.24	—
Quick ratio	0.04	0.02	0.02	—	—	0.18	0.21	0.59	3.24	—
Debt / equity	0.00	0.00	—	—	—	—	—	—	0.00	—
Equity / assets	89.4%	89.8%	91.4%	92.0%	92.5%	93.0%	91.6%	84.0%	97.4%	100.0%

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.

ECAT financial position

At the end of fiscal 2025 (December 31, 2025), BlackRock ESG Capital Allocation had total assets of $1.8 billion (down 5.6% from a year earlier), total liabilities of $182.3 million and shareholders' equity of $1.6 billion. It held $3.3 million in cash and short-term investments against $0.4 million of debt, a net cash position of $3.0 million. Its current ratio was 0.02. In the latest quarter (ended June 30, 2026) total assets were $1.8 billion and equity $1.6 billion.

Related: ECAT income statement, ECAT cash flow statement, ECAT key metrics. See the ECAT stock overview for the latest quote and news.

ECAT balance sheet FAQ

What are BlackRock ESG Capital Allocation's total assets?

BlackRock ESG Capital Allocation reported total assets of $1.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.9 billion a year earlier.

How much debt does BlackRock ESG Capital Allocation have?

BlackRock ESG Capital Allocation had $0.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.00.

How much cash does BlackRock ESG Capital Allocation have?

BlackRock ESG Capital Allocation held $3.3 million in cash and short-term investments at the end of fiscal 2025; with $0.4 million of debt that is net cash of $3.0 million.

What is BlackRock ESG Capital Allocation's book value?

BlackRock ESG Capital Allocation's shareholders' equity (book value) was $1.6 billion at the end of fiscal 2025, or $15.85 per share.

What is BlackRock ESG Capital Allocation's current ratio?

BlackRock ESG Capital Allocation had current assets of $3.3 million and current liabilities of $151.6 million, a current ratio of 0.02 (current liabilities exceed current assets).