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
55.0%
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 30Nuveen Preferred & Income Securities Fund declares $0.0505 dividend
May 07Nuveen Preferred & Income Securities Fund declares $0.0505 dividend
Feb 04Nuveen Preferred & Income Securities Fund declares $0.0505 dividend
Jan 05Nuveen Preferred & Income Securities Fund declares $0.0505 dividend
Dec 02JPS: A Look At This 6.6% Yielding Preferred Share Fund
Nov 10Nuveen Preferred & Income Securities Fund declares $0.0505 dividend
Nov 03Financial 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).