Nuveen Quality Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Nuveen Quality Municipal Income Fund has a total shareholder equity of $2.7B and total debt of $2.0B, which brings its debt-to-equity ratio to 73.8%. Its total assets and total liabilities are $4.7B and $2.0B respectively. Nuveen Quality Municipal Income Fund's EBIT is $189.9M making its interest coverage ratio 2.4. It has cash and short-term investments of $5.2M.
Key information
73.8%
Debt to equity ratio
US$1.99b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$5.16m |
| Equity | US$2.70b |
| Total liabilities | US$2.02b |
| Total assets | US$4.72b |
Recent financial health updates
No updates
Recent updates
NAD: Barely A Dip Reflects Underlying Strength
Apr 16NAD Vs. NXP: Leverage, Quality, And Duration In Muni Bond Funds
Dec 05NAD: Quality Municipal Bond CEF With High Leverage Usage
Nov 23Nuveen Quality Muni Income Fund: The Pain May Be Over Soon
Jun 02Nuveen Quality Municipal Income Fund decrease monthly dividend by -15.1% to $0.0395/share
Jan 11Nuveen Quality Municipal Income Fund declares $0.0465 dividend
Dec 06Nuveen Quality Municipal Income Fund declares $0.0465 dividend
Nov 04Nuveen Quality Municipal Income Fund declares $0.0465 dividend
Oct 06Nuveen Quality Municipal Income Fund declares $0.054 dividend
Sep 02Nuveen Quality Municipal Income Fund declares $0.054 dividend
Aug 08NAD: Better Than Nuveen State-Specific Muni Funds
Jul 18Nuveen Quality Municipal Income Fund lowers monthly dividend by 9.2%
Jul 06NAD: Recent Sell-Off Looks Like A Buying Opportunity To Me
Oct 17Nuveen Quality Municipal Income Fund declares $0.0595 dividend
May 10Nuveen Quality Municipal Income Fund declares $0.0595 dividend
Jan 05Nuveen Quality Municipal Income Fund declares $0.0595 dividend
Dec 02NAD Provides Investors Safer CEF For Municipal Bond Exposure
Nov 30Nuveen Quality Municipal Income Fund declares $0.0595 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NAD's short term assets ($90.6M) exceed its short term liabilities ($32.1M).
Long Term Liabilities: NAD's short term assets ($90.6M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: NAD's net debt to equity ratio (73.6%) is considered high.
Reducing Debt: NAD's debt to equity ratio has increased from 64.2% to 73.8% over the past 5 years.
Debt Coverage: NAD's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: NAD's interest payments on its debt are not well covered by EBIT (2.4x coverage).