BLACKROCK FLOATING RATE INCOME TRUST (BGT)
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.
Industry: Asset Management - Income
BlackRock Floating Rate Income Trust
NYSE:BGTFinancial Services · Asset Management - Income
-1.00%$9.87
AH Close$9.87+0.00%vs close
AH Close$9.87+0.00%vs close
Mkt Cap$294.37M
Float29.82M
O/S29.82M
Inst Own30.7%
SI1.4%
Div Yield14.62%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$23.37M
Net Income$19.43M
Total Assets$437.52M
Free Cash Flow-$23.55M
Debt & Equity
Debt 17%
Equity 83%
Total Debt$71.45M
Total Equity$353.05M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BGT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$437.52M
Liabilities$84.46M
Accounts Receivable$3.49M
Accounts Payable$12.38M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Revenue | $23.37M | $30.64M | $39.39M | -$5.67M | $18.59M | $2.99M | $9.32M | $13.58M | $20.55M | $17.16M | $23.67M | $25.3M | $27.66M | $28.26M |
| YoY Growth | -23.7% | -22.2% | -794.7% | -130.5% | 521.2% | -67.9% | -31.4% | -33.9% | 19.8% | -27.5% | -6.4% | -8.5% | -2.1% | - |
| Cost of Revenue | $3.71M | $5.21M | $2.96M | $3.2M | $3.46M | $3.24M | $3.57M | $3.92M | $3.94M | $3.65M | $0 | $0 | $0 | $0 |
| Gross Profit | $19.66M | $25.43M | $36.43M | -$8.87M | $15.14M | -$243K | $5.76M | $9.67M | $16.61M | $13.5M | $23.67M | $25.3M | $27.66M | $28.26M |
| Gross Margin | 84.1% | 83.0% | 92.5% | 156.5% | 81.4% | -8.1% | 61.8% | 71.2% | 80.8% | 78.7% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $273K | $356K | $270K | $232K | $314K | $319K | $326K | $460K | $483K | $3.84M | $4.06M | $4.13M | $4.14M | $3.82M |
| Other | -$47K | $29K | $14.07M | $44K | $19K | -$20K | $36K | $29K | $37K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $227K | $385K | $293K | $276K | $333K | $299K | $362K | $489K | $521K | $637K | $12.49M | $9.46M | $4.65M | $11.95M |
| Operating Income (EBIT) | $19.43M | $25.05M | $39.1M | -$2.99M | $18.26M | $2.69M | $13.05M | $16.78M | $22.48M | $23.07M | $19.61M | $21.17M | $23.52M | $24.44M |
| Operating Margin | 83.2% | 81.7% | 99.3% | 52.8% | 98.2% | 90.0% | 140.0% | 123.5% | 109.4% | 134.5% | 82.8% | 83.7% | 85.0% | 86.5% |
| Interest Expense | $3.71M | $5.21M | $5.5M | $2.95M | $1.25M | $1.58M | $4.09M | $3.68M | $2.45M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $28.91M | $33.4M | $35.12M | $24.2M | $18.93M | $19.24M | $25.3M | $25.25M | $23.04M | $1.39M | $1.22M | $1.2M | $1.31M | $1.19M |
| Other Income (Expense) | -$3.71M | -$5.21M | -$5.49M | -$2.95M | -$1.3M | -$1.58M | -$4.09M | -$3.68M | -$2.45M | -$1.02M | -$9.65M | -$6.53M | $7.48M | $14.58M |
| Income Before Tax (EBT) | $19.43M | $25.05M | $39.1M | -$5.95M | $18.26M | $2.69M | $8.96M | $13.09M | $20.03M | $22.06M | $9.96M | $14.65M | $31M | $39.02M |
| Income Tax Expense | $0 | $0 | $27.17M | $21.22M | $14.57M | $15.07M | $19.94M | -$161K | $19.64M | $18.96M | -$9.65M | -$6.53M | $7.48M | $14.58M |
| Net Income | $19.43M | $25.05M | $39.1M | -$5.95M | $18.26M | $2.69M | $8.96M | $13.09M | $20.03M | $22.06M | $9.96M | $14.65M | $31M | $39.02M |
| Net Income Margin | 83.2% | 81.7% | 99.3% | 104.9% | 98.2% | 90.0% | 96.1% | 96.4% | 97.5% | 128.6% | 42.1% | 57.9% | 112.1% | 138.1% |
| Supplementary Data | ||||||||||||||
| EPS | 0.73 | 1.11 | 1.75 | -0.27 | 0.82 | 0.12 | 0.39 | 0.55 | 0.85 | 0.93 | 0.42 | 0.62 | 1.31 | 1.65 |
| Diluted EPS | 0.73 | 1.11 | 1.75 | -0.27 | 0.82 | 0.12 | 0.39 | 0.55 | 0.85 | 0.93 | 0.42 | 0.62 | 1.31 | 1.65 |
| Weighted Average OS | 26.72M | 22.56M | 22.32M | 22.37M | 22.37M | 22.40M | 23.02M | 23.67M | 23.57M | 23.66M | 23.66M | 23.66M | 23.66M | 23.64M |
| EBITDA | $19.43M | $25.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| EBITDA Margin | 83.2% | 81.7% | - | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $3K | $537K | $408K | $1.56M | $1.37M | $2.76M | $4.97M | $794K | $1.41M | $1.1M | $954K | $760K | $1M | $169K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.28M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3K | $537K | $408K | $1.56M | $1.37M | $2.76M | $4.97M | $794K | $1.41M | $8.37M | $954K | $760K | $1M | $169K |
| Accounts Receivable | $3.49M | $7.18M | $6.97M | $5.69M | $9.06M | $3M | $7.81M | $12.41M | $7.31M | $7.44M | $8.1M | $10.06M | $6.9M | $30.36M |
| Inventory | $0 | $0 | $0 | $7.51M | $0 | $0 | $0 | $14.67M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$7.71M | -$7.38M | -$7.51M | -$10.43M | -$5.77M | -$13.57M | -$14.67M | -$10.63M | -$15.81M | $81K | $226K | $1.33M | $784K |
| Total Current Assets | $3K | $7.72M | $6.97M | $7.25M | $10.43M | $5.76M | $12.79M | $13.2M | $8.72M | $8.67M | $9.13M | $11.05M | $9.24M | $31.31M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $127K | $230K | $386.12M | $364.36M | $450.34M | $442.98M | $460.52M | $492.09M | $512.4M | $515.38M | $443.9M | $496.35M | $508.3M | $507.49M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $437.39M | $389.48M | -$386.12M | -$364.36M | -$450.34M | -$442.98M | -$460.52M | -$492.09M | -$512.4M | $0 | $0 | $0 | $0 | -$507.49M |
| Total Long-Term Assets | $437.51M | $389.71M | $386.12M | $364.36M | $450.34M | $442.98M | $460.52M | $492.09M | $512.4M | $515.38M | $443.9M | $496.35M | $508.3M | $507.49M |
| Other Assets | $0 | $0 | $643K | $381K | $289K | $3K | $2K | $3K | $3K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $437.52M | $397.43M | $393.73M | $371.98M | $461.05M | $448.75M | $473.31M | $505.29M | $521.13M | $524.05M | $453.04M | $507.39M | $517.54M | $538.8M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $12.38M | $13.98M | $7.02M | $2.29M | $16.52M | $18.81M | $28.04M | $23.11M | $27.45M | $34.15M | $12.75M | $16.76M | $13.14M | $48.56M |
| Short-Term Debt | $456K | $62M | $1.25M | $60K | $30K | $129M | $130M | $142.01M | $150M | $148M | $104M | $145M | $152.05M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $5.77M | $2.23M | $16.49M | -$110.19M | -$101.96M | -$118.9M | -$122.55M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $14.64M | -$14.04M | -$4.58M | -$33.05M | -$37.61M | -$28.04M | -$142.01M | -$150M | $963K | $840K | $942K | $1.39M | $146.97M |
| Total Current Liabilities | $12.96M | $13.98M | $7.02M | $2.29M | $16.52M | $18.81M | $28.04M | $23.11M | $27.45M | $183.11M | $117.59M | $162.7M | $166.58M | $195.52M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $71.45M | $62M | $98.25M | $91.06M | $143.03M | $129M | $123M | $142M | $150M | $148M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $59K | $657K | -$98.25M | -$88.77M | -$143.03M | -$129M | -$94.96M | $0 | $0 | -$148M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $71.51M | $62.66M | $98.25M | $2.29M | $143.03M | $129M | $28.04M | $142M | $150M | $183.11M | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $645K | $89.43M | $787K | $816K | $96.13M | $1.09M | $791K | -$183.11M | $0 | $0 | $0 | $0 |
| Total Liabilities | $84.46M | $76.64M | $105.91M | $94.01M | $160.34M | $148.62M | $152.22M | $166.2M | $178.24M | $183.11M | $117.59M | $162.7M | $166.58M | $195.52M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $398.12M | $361.01M | $326.87M | $328.73M | $328.7M | $331.71M | $343M | $351.38M | $367.91M | $413.24M | $427.37M | $429.06M | $429.06M | $428.92M |
| Retained Earnings | -$45.06M | -$40.22M | -$39.05M | -$50.75M | -$27.99M | -$31.58M | -$21.91M | -$12.29M | $661K | $2.36M | -$91.93M | -$84.4M | -$79.12M | -$85.64M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$3.06M | $0 | $0 | -$14.6M | -$25.68M | -$74.66M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25.68M | -$74.66M | $0 | $0 | $0 | $0 |
| Total Equity | $353.05M | $320.79M | $287.82M | $277.98M | $300.71M | $300.13M | $321.09M | $339.1M | $342.89M | $340.94M | $335.44M | $344.67M | $349.94M | $343.28M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $437.52M | $397.43M | $393.73M | $371.98M | $461.05M | $448.75M | $473.31M | $505.29M | $521.13M | $524.05M | $453.04M | $507.37M | $516.52M | $538.8M |
| Supplementary Data | ||||||||||||||
| Total Debt | $71.45M | $62M | $98.25M | $91.06M | $143.03M | $129M | $123M | $142M | $150M | $148M | $104M | $145M | $152.05M | $0 |
| Net Debt | $71.44M | $61.46M | $97.84M | $89.5M | $141.66M | $126.24M | $118.03M | $141.21M | $148.59M | $146.9M | $103.05M | $144.24M | $151.05M | -$169K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Operating Activities | ||||||||||||||
| Net Income | $19.43M | $25.05M | $39.1M | -$5.95M | $18.26M | $2.69M | $8.96M | $13.09M | $20.03M | $22.06M | $9.96M | $14.65M | $31M | $39.02M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $64K | $1.49M | -$2.52M | -$490K | $137K | -$490K | $294K | $311K | -$62K | $171K | $213K | $556K | $537K | -$1.39M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $96K | $190K | $29K | -$431K | -$82K | $193K | $49K | $38K | $0 | $0 | $0 | $0 |
| Other Working Capital | -$12K | -$56K | -$127K | -$115K | -$13K | -$389K | -$323K | $451K | -$151K | $143K | -$132K | -$325K | -$741K | $0 |
| Total Working Capital Change | $52K | $1.43M | -$2.55M | -$415K | $153K | -$1.31M | -$111K | $955K | -$165K | $352K | $81K | $231K | -$205K | -$1.39M |
| Other Non-Cash Items | -$43.03M | $2.96M | -$15.92M | $76.73M | -$15.88M | $26.92M | $39.94M | $11.39M | -$3.45M | -$11.17M | $50.34M | $11.85M | -$11.79M | -$37.08M |
| Net Cash from Operating | -$23.55M | $29.44M | $20.62M | $70.37M | $2.53M | $28.3M | $48.79M | $25.44M | $16.42M | $11.45M | $60.38M | $26.73M | $19.01M | $1.94M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$95.08M | -$129.99M | -$222.62M | -$285.37M | -$244.12M | -$291.6M | -$323.32M | -$259.75M | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $98.36M | $76.95M | $234.14M | $270.21M | $275.16M | $297.1M | $318.28M | $221M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | -$6.55M | $106.09M | -$23.04M | $30.32M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | -$3.27M | $53.04M | -$11.52M | $15.16M | $31.04M | $5.5M | -$5.04M | -$38.75M | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$9.45M | $36.25M | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $53M | $39.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$625K | $0 | -$420K | -$6.06M | -$7.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$39.43M | -$32.51M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$36K | $86.22M | $65.03M | $154.03M | $180M | $171M | $192M | $216M | $44M | -$41M | -$7.05M | $6.13M | $23.85M |
| Net Cash from Financing | $23.01M | -$28.99M | -$22.04M | -$70.21M | -$3.65M | -$27.58M | -$45.74M | -$24.89M | -$16.09M | $27.45M | -$60.19M | -$26.97M | -$18.18M | -$1.77M |
| Forex Effect | $183 | -$116 | $3.27M | $971 | -$823 | -$81 | $171 | -$485 | $280 | $231 | -$37 | -$538 | $976 | -$2K |
| Net Change in Cash | -$533K | $448K | -$1.41M | $167K | -$1.12M | $720K | $3.04M | $545K | $333K | $144K | $194K | -$239K | $831K | $169K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$23.55M | $29.44M | $20.62M | $70.37M | $2.53M | $28.3M | $48.79M | $25.44M | $16.42M | $11.45M | $60.38M | $26.73M | $19.01M | $1.94M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$23.55M | $29.44M | $20.62M | $70.37M | $2.53M | $28.3M | $48.79M | $25.44M | $16.42M | $11.45M | $60.38M | $26.73M | $19.01M | $1.94M |
| Cash at Beginning | $856K | $408K | $1.82M | $1.65M | $2.77M | $2.05M | $1.98M | $1.43M | $1.1M | $954K | $760K | $1M | $169K | $0 |
| Cash at End | $323K | $856K | $408K | $1.82M | $1.65M | $2.77M | $5.02M | $1.98M | $1.43M | $1.1M | $954K | $760K | $1M | $169K |