Nuveen Floating Rate Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
Nuveen Floating Rate Income Fund has a total shareholder equity of $529.9M and total debt of $236.7M, which brings its debt-to-equity ratio to 44.7%. Its total assets and total liabilities are $910.3M and $380.4M respectively.
Key information
44.7%
Debt to equity ratio
US$236.74m
Debt
| Interest coverage ratio | 5.4x |
| Cash | n/a |
| Equity | US$529.86m |
| Total liabilities | US$380.45m |
| Total assets | US$910.31m |
Recent financial health updates
No updates
Recent updates
Nuveen Floating Rate Income: A Discount Means Safety
Feb 26JFR: Attractive Discount And Fully Covered ~12.7% Distribution Yield
Nov 27JFR: A Good Fund For High Rates Or A Pair Trade
Oct 09JFR: Merger Completed, Appealing Fund With A 12% Yield
Aug 02Nuveen Senior Loan CEFs To Merge
Jul 11Nuveen Floating Rate Income Fund declares $0.0745 dividend
Feb 07JFR: The Thesis Is Holding True For This 10%-Yielding CEF
Jan 10Nuveen Floating Rate Income Fund declares $0.0745 dividend
Dec 06Nuveen Floating Rate Income Fund increases dividend by 776%
Nov 04JFR: This Fund Should Benefit From Rising Interest Rates
Oct 19Nuveen Floating Rate Income Fund declares $0.066 dividend
Oct 06Nuveen Floating Rate Income Fund goes ex-dividend tomorrow
Sep 13Nuveen Floating Rate Income Fund declares $0.066 dividend
Jul 07JFR: Buying Opportunity Is Here
Mar 07JFR - Leveraged Loan CEF, 6.9% Yield
Oct 03Nuveen Floating Rate Income Fund declares $0.0485 dividend
Feb 04Nuveen Floating Rate Income Fund declares $0.0485 dividend
Jan 05The Nuveen Floating Rate Income Fund Trades At An Attractive 11% Discount With A Fresh Team At The Helm
Dec 12Nuveen Floating Rate Income Fund declares $0.0485 dividend
Dec 02Nuveen Floating Rate Income Fund declares $0.0485 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: JFR's short term assets ($45.1M) do not cover its short term liabilities ($47.4M).
Long Term Liabilities: JFR's short term assets ($45.1M) do not cover its long term liabilities ($333.0M).
Debt to Equity History and Analysis
Debt Level: JFR's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: JFR's debt to equity ratio has reduced from 57.8% to 44.7% over the past 5 years.
Debt Coverage: JFR's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: JFR's interest payments on its debt are well covered by EBIT (5.4x coverage).