Nuveen Credit Strategies Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Nuveen Credit Strategies Income Fund has a total shareholder equity of $802.0M and total debt of $493.9M, which brings its debt-to-equity ratio to 61.6%. Its total assets and total liabilities are $1.3B and $541.9M respectively. Nuveen Credit Strategies Income Fund's EBIT is $104.7M making its interest coverage ratio 3.6. It has cash and short-term investments of $3.3M.
Key information
61.6%
Debt to equity ratio
US$493.90m
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$3.34m |
| Equity | US$802.01m |
| Total liabilities | US$541.88m |
| Total assets | US$1.34b |
Recent financial health updates
No updates
Recent updates
JQC: 12% Yielding Fixed Income CEF, Currently Overpriced
Feb 16JQC: A Tactical Bond Fund That Could Be Worth Considering
Oct 30JQC: New Investment Policies, New Increased Distribution And Tempting Discount
Aug 24JQC: Good Historical Performance, But Distribution May Be Strained
Aug 09JQC: A High Yield Trap
Feb 03Nuveen Credit Strategies Income Fund declares $0.0475 dividend
Jan 11Nuveen Credit Strategies Income Fund declares $0.0475 dividend
Dec 06JQC: An Attractive Fixed-Income Fund For Today's World
Nov 16Nuveen Credit Strategies Income Fund increases dividend by 763%
Nov 04Nuveen Credit Strategies Income Fund declares $0.042 dividend
Oct 06Nuveen Credit Strategies Income Fund goes ex-dividend tomorrow
Sep 13Nuveen Credit Strategies Income Fund declares $0.042 dividend
Aug 08JQC: Discount Expands Further For This Senior Loan Fund
Jul 04JQC: An Interesting Idea For Higher Rates
Jan 08JQC: A High-Yielding Bond Fund With A Nice Discount
Sep 08JQC: Beat The Fed With This High-Yield CEF
Jun 22Nuveen Credit Strategies Income Fund declares $0.0724 dividend
Feb 04Nuveen Credit Strategies Income Fund declares $0.0767 dividend
Jan 05Nuveen Credit Strategies Income Fund declares $0.81 dividend
Dec 02Financial Position Analysis
Short Term Liabilities: JQC's short term assets ($29.5M) do not cover its short term liabilities ($402.4M).
Long Term Liabilities: JQC's short term assets ($29.5M) do not cover its long term liabilities ($139.4M).
Debt to Equity History and Analysis
Debt Level: JQC's net debt to equity ratio (61.2%) is considered high.
Reducing Debt: JQC's debt to equity ratio has increased from 58.8% to 61.6% over the past 5 years.
Debt Coverage: JQC's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: JQC's interest payments on its debt are well covered by EBIT (3.6x coverage).