Nuveen Multi-Market Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
Nuveen Multi-Market Income Fund has a total shareholder equity of $60.0M and total debt of $26.8M, which brings its debt-to-equity ratio to 44.7%. Its total assets and total liabilities are $87.5M and $27.4M respectively. Nuveen Multi-Market Income Fund's EBIT is $2.5M making its interest coverage ratio -2.4. It has cash and short-term investments of $5.1K.
Key information
44.7%
Debt to equity ratio
US$26.85m
Debt
| Interest coverage ratio | -2.4x |
| Cash | US$5.07k |
| Equity | US$60.05m |
| Total liabilities | US$27.42m |
| Total assets | US$87.47m |
Recent financial health updates
No updates
Recent updates
Nuveen Multi-Market Income Fund declares $0.0275 dividend
Feb 07Nuveen Multi-Market Income Fund declares $0.03 dividend
Dec 06Nuveen Multi-Market Income Fund declares $0.03 dividend
Nov 04Nuveen Multi-Market Income Fund declares $0.03 dividend
Oct 06Nuveen Multi-Market Income Fund declares $0.03 dividend
Aug 08Nuveen Multi-Market Income Fund declares $0.03 dividend
Jul 07Nuveen Multi-Market Income Fund declares $0.03 dividend
May 07Nuveen Multi-Market Income Fund declares $0.0245 dividend
Feb 04Nuveen Multi-Market Income Fund declares $0.0245 dividend
Dec 02Nuveen Multi-Market Income Fund declares $0.0245 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: JMM's short term assets ($4.4M) do not cover its short term liabilities ($27.4M).
Long Term Liabilities: JMM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: JMM's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: JMM's debt to equity ratio has increased from 25.6% to 44.7% over the past 5 years.
Debt Coverage: JMM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: JMM earns more interest than it pays, so coverage of interest payments is not a concern.