Nuveen California Quality Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Nuveen California Quality Municipal Income Fund has a total shareholder equity of $1.9B and total debt of $1.2B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are $3.1B and $1.2B respectively. Nuveen California Quality Municipal Income Fund's EBIT is $113.1M making its interest coverage ratio 2.2. It has cash and short-term investments of $20.2M.
Key information
63.71%
Debt to equity ratio
US$1.18b
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$20.20m |
| Equity | US$1.86b |
| Total liabilities | US$1.24b |
| Total assets | US$3.09b |
Recent financial health updates
No updates
Recent updates
NAC: Recent Pullback Makes Me A Bull Going Into 2025 (Rating Upgrade)
Dec 24NAC: Quick, Sharp Gain Leads Me To A More Cautious Stance (Rating Downgrade)
Sep 16NAC: Income Boost A Nice Tailwind For This California Muni CEF
Jun 09NAC: Betting On A Fed Pivot
Nov 20Nuveen CA Dividend Advantage Muni. Fund goes ex-dividend tomorrow
Feb 13Nuveen CA Dividend Advantage Muni. Fund decreases monthly dividend by -19.1% to $0.036/share
Jan 11Nuveen CA Dividend Advantage Muni. Fund declares $0.0445 dividend
Dec 06Nuveen CA Dividend Advantage Muni. Fund declares $0.0445 dividend
Nov 04Nuveen CA Dividend Advantage Muni. Fund reduces dividend by 13.6%
Oct 06Nuveen CA Dividend Advantage Muni. Fund declares $0.0515 dividend
Aug 08Nuveen CA Dividend Advantage Muni. Fund declares $0.0515 dividend
Jul 06NAC: Cali Munis Have Some Merit At These Levels
Mar 07Financial Position Analysis
Short Term Liabilities: NAC's short term assets ($52.0M) exceed its short term liabilities ($11.1M).
Long Term Liabilities: NAC's short term assets ($52.0M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: NAC's net debt to equity ratio (62.6%) is considered high.
Reducing Debt: NAC's debt to equity ratio has increased from 60.4% to 63.7% over the past 5 years.
Debt Coverage: NAC's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: NAC's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/19 07:48 |
| End of Day Share Price | 2025/05/16 00:00 |
| Earnings | 2024/02/29 |
| Annual Earnings | 2024/02/29 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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
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Industry and Sector Metrics
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Analyst Sources
Nuveen California Quality Municipal Income Fund is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.