Nuveen Preferred & Income Opportunities Fund Balance Sheet Health
Financial Health criteria checks 2/6
Nuveen Preferred & Income Opportunities Fund has a total shareholder equity of $2.5B and total debt of $1.1B, which brings its debt-to-equity ratio to 44.2%. Its total assets and total liabilities are $4.1B and $1.6B respectively. Nuveen Preferred & Income Opportunities Fund's EBIT is $99.9M making its interest coverage ratio 10.3. It has cash and short-term investments of $35.1M.
Key information
44.2%
Debt to equity ratio
US$1.11b
Debt
| Interest coverage ratio | 10.3x |
| Cash | US$35.12m |
| Equity | US$2.52b |
| Total liabilities | US$1.59b |
| Total assets | US$4.11b |
Recent financial health updates
No updates
Recent updates
JPC: Attractive Dividend Of 8.2% With High Skew To Upside Scenario
Apr 15JPC: High Fees And Volatility But Large Discount To NAV
Dec 25JPC: Merger Arbitrage Opportunities
Oct 16JPC: Some Interest Rate Risk, But The Opportunity For Yield Is Very Real
Sep 26JPC Is About To Absorb JPS And JPT: What That Means
Jul 18Nuveen Preferred & Income Opportunities Fund declares $0.047 dividend
Feb 07Nuveen Preferred & Income Opportunities Fund decreases monthly dividend by -11.3% to $0.047/share
Jan 11JPC: Best To Dollar Cost Average In Until Rates Peak
Dec 14Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Dec 06Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Nov 04Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Oct 06JPC: A Mixed-Asset Income CEF From Nuveen Available At A Discount
Sep 20Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Sep 02Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Aug 08Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Jul 07Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
May 07Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Feb 04Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Jan 05JPC: A Look At This 6.86% Yielding Preferred Fund
Dec 04Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Dec 02Nuveen Preferred & Income Opportunities Fund declares $0.053 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: JPC's short term assets ($132.0M) do not cover its short term liabilities ($481.6M).
Long Term Liabilities: JPC's short term assets ($132.0M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: JPC's net debt to equity ratio (42.8%) is considered high.
Reducing Debt: JPC's debt to equity ratio has reduced from 53.4% to 44.2% over the past 5 years.
Debt Coverage: JPC's debt is not well covered by operating cash flow (9%).
Interest Coverage: JPC's interest payments on its debt are well covered by EBIT (10.3x coverage).