BlackRock Long-Term Municipal Advantage Trust (BTA) Financial Ratio Screen

NYSE Financial Services United States USD 131M
BUSINESS EXCLUSION FLAG*
Automated financial screen · activity assessed separately
BlackRock Long-Term Municipal Advantage Trust (BTA) is potentially non-compliant because its supplied classification is Asset Management. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

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MSCI new-inclusion financial-ratio snapshot

BTA financial screening at a glance

BUSINESS EXCLUSION FLAG*Financial ratios shown separately from business review — not a fatwa
Debt ratio
N/A
Not available vs 30%
Cash ratio
N/A
Not available vs 30%
Receivables + cash
N/A
Not available vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-09-01. Financial period used: July 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
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MSCI-styleBusiness exclusion flagSupplied classification requires attention
FTSE/Yasaar-styleBusiness exclusion flagSupplied classification requires attention
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityBusiness exclusion flagSupplied sector or industry classification matched an exclusion
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodJuly 2024Calculation date2026-09-01S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Business exclusion flag

The supplied classification (Asset Management) matches a prohibited-activity category.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: BlackRock Long-Term Municipal Advantage Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment. BlackRock Long-Term Municipal Advantage Trust was formed on February 28, 2006 and is domiciled in United States.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from July 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI Excluded — Asset Management BUSINESS EXCLUSION FLAG*
FTSE Excluded — Asset Management BUSINESS EXCLUSION FLAG*

Financial Highlights

EPS
$-0.65
Dividend Yield
6.1%
Payout: 95.2%
P/B Ratio
1.0
Revenue
$12M
Growth: 5.1%
Beta
0.8
Average volatility
Current Ratio
0.0

Profitability

Gross Margin 100.0%
Operating Margin 75.5%
Net Margin -77.7%
Return on Equity (ROE) -6.4%
Return on Assets (ROA) 2.5%

Cash Flow & Balance Sheet

Operating Cash Flow$12M
Free Cash Flow$12M
Total Debt$2,866
Debt-to-Equity64.8
Current Ratio0.0
Total Assets$232M

Price & Trading

Last Close$9.73
50-Day MA$9.53
200-Day MA$9.32
Avg Volume47K
Beta0.8
52-Week Range
$8.73
$10.15

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period July 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About BlackRock Long-Term Municipal Advantage Trust (BTA)

CEO
Mr. Charles Choon Sik Park
Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap (listing currency)
USD 131M
Currency
USD

BlackRock Long-Term Municipal Advantage Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It uses financial derivatives to invest in municipal obligations. The fund primarily invests in long-term municipal bonds with a maturity of more than ten years at the time of investment. BlackRock Long-Term Municipal Advantage Trust was formed on February 28, 2006 and is domiciled in United States.

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Frequently Asked Questions

Is BlackRock Long-Term Municipal Advantage Trust (BTA) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is BlackRock Long-Term Municipal Advantage Trust's debt ratio?

BlackRock Long-Term Municipal Advantage Trust's debt ratio is not available in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are BlackRock Long-Term Municipal Advantage Trust's key financial metrics?

BlackRock Long-Term Municipal Advantage Trust has a market capitalization of USD 131M in its listing currency, and revenue of $12M. The company maintains a gross margin of 100.0% and a net margin of -77.7%. Return on equity stands at -6.4%.

How often is the screening data updated?

Calculation date: 2026-09-01. Financial period: July 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.