This company has been acquired
Nuveen Preferred Securities Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
Nuveen Preferred Securities Income Fund has a total shareholder equity of $1.5B and total debt of $846.7M, which brings its debt-to-equity ratio to 55%. Its total assets and total liabilities are $2.4B and $899.5M respectively. Nuveen Preferred Securities Income Fund's EBIT is $125.6M making its interest coverage ratio 18.3. It has cash and short-term investments of $32.8M.
Key information
55.00%
Debt to equity ratio
US$846.68m
Debt
| Interest coverage ratio | 18.3x |
| Cash | US$32.78m |
| Equity | US$1.54b |
| Total liabilities | US$899.48m |
| Total assets | US$2.44b |
Recent financial health updates
No updates
Recent updates
JPS: Positioned For Stable To Rising Rates, Distribution Sustainability Is Uncertain
Sep 25JPS: Providing Income To Support Your Lifestyle
Jul 07JPS: It May Make Sense To Accumulate A Position In This Affordable CEF
Feb 22Nuveen Preferred & Income Securities Fund declares $0.0405 dividend
Feb 07Nuveen Preferred & Income Securities Fund decreases monthly dividend by -6.9% to $0.0405/share
Jan 11Nuveen Preferred & Income Securities Fund declares $0.0435 dividend
Dec 06Nuveen Preferred & Income Securities Fund declares $0.0435 dividend
Nov 04Nuveen Preferred & Income Securities Fund declares $0.0435 dividend
Oct 06JPS: Strong-Yielder CEF Trading At A Discount
Sep 23Nuveen Preferred & Income Securities Fund declares $0.0435 dividend
Aug 08JPS: A Healthy Blend Of Junk And Income
Jul 06JPS: Watch For Recurring Buying Opportunities
Feb 10JPS: A Very Appealing 6% Yielding CEF
Aug 30Financial Position Analysis
Short Term Liabilities: JPS's short term assets ($114.9M) do not cover its short term liabilities ($630.5M).
Long Term Liabilities: JPS's short term assets ($114.9M) do not cover its long term liabilities ($268.9M).
Debt to Equity History and Analysis
Debt Level: JPS's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: JPS's debt to equity ratio has increased from 52.7% to 55% over the past 5 years.
Debt Coverage: JPS's debt is well covered by operating cash flow (32.2%).
Interest Coverage: JPS's interest payments on its debt are well covered by EBIT (18.3x coverage).
Balance Sheet
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/11/07 02:21 |
| End of Day Share Price | 2023/11/03 00:00 |
| Earnings | 2023/07/31 |
| Annual Earnings | 2023/07/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nuveen Preferred Securities Income Fund is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.