Nuveen New York Quality Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Nuveen New York Quality Municipal Income Fund has a total shareholder equity of $374.9M and total debt of $243.1M, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are $620.1M and $245.2M respectively.
Key information
64.8%
Debt to equity ratio
US$243.05m
Debt
Interest coverage ratio | 2.6x |
Cash | n/a |
Equity | US$374.87m |
Total liabilities | US$245.23m |
Total assets | US$620.10m |
Recent financial health updates
No updates
Recent updates
Nuveen New York Quality Municipal Income Fund declares $0.0375 dividend
Feb 07Nuveen New York Quality Municipal Income Fund declares $0.0425 dividend
Nov 04Nuveen New York Quality Municipal Income Fund reduces dividend by 12.4%
Oct 06Nuveen New York Quality Municipal Income Fund declares $0.0485 dividend
Sep 02Nuveen New York Quality Municipal Income Fund declares $0.0485 dividend
Jul 06NRK Vs. NAN: Comparing Nuveen NY State Municipal Bond CEFs
Jun 27Nuveen New York Dividend Advantage Municipal Fund declares $0.052 dividend
May 10Nuveen New York Dividend Advantage Municipal Fund declares $0.052 dividend
Jan 05Nuveen New York Dividend Advantage Municipal Fund declares $0.052 dividend
Dec 02Financial Position Analysis
Short Term Liabilities: NAN's short term assets ($8.1M) do not cover its short term liabilities ($30.0M).
Long Term Liabilities: NAN's short term assets ($8.1M) do not cover its long term liabilities ($215.2M).
Debt to Equity History and Analysis
Debt Level: NAN's net debt to equity ratio (64.8%) is considered high.
Reducing Debt: NAN's debt to equity ratio has increased from 57.2% to 64.8% over the past 5 years.
Debt Coverage: NAN's debt is well covered by operating cash flow (21.4%).
Interest Coverage: NAN's interest payments on its debt are not well covered by EBIT (2.6x coverage).