Nuveen AMT-Free Quality Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Nuveen AMT-Free Quality Municipal Income Fund has a total shareholder equity of $3.7B and total debt of $2.5B, which brings its debt-to-equity ratio to 67%. Its total assets and total liabilities are $6.3B and $2.6B respectively.
Key information
66.97%
Debt to equity ratio
US$2.48b
Debt
| Interest coverage ratio | 2.4x |
| Cash | n/a |
| Equity | US$3.71b |
| Total liabilities | US$2.57b |
| Total assets | US$6.28b |
Recent financial health updates
No updates
Recent updates
NEA: The Risk-Reward Has Gotten A Little Less Attractive (Rating Downgrade)
Feb 27NEA: Smart Buy For Continued Bounce-Back Muni Market In 2024
Apr 24NEA: Looking At The Positives, And A Future Concern
Jan 16NEA Offering Deepest Discount Among Nuveen Municipal CEFs
Oct 14NEA: The Leverage Hurdle Was Too High To Climb
Jun 14Nuveen AMT-Free Quality Municipal Income Fund declares $0.035 dividend
Feb 07Nuveen AMT-Free Quality Municipal Income Fund declares $0.0445 dividend
Dec 06Nuveen AMT-Free Quality Municipal Income Fund declares $0.0445 dividend
Nov 04Nuveen AMT-Free Quality Municipal Income Fund declares $0.0445 dividend
Oct 06Nuveen AMT-Free Quality Municipal Income Fund declares $0.0525 dividend
Sep 02Nuveen AMT-Free Quality Municipal Income Fund declares $0.0525 dividend
Aug 08NEA: Can This Fund Keep Moving Higher? Reasons Why I Think So
Jul 29Nuveen AMT-Free Quality Municipal Income Fund declares $0.0525 dividend
Jul 06NEA: An Opportunity To Buy What Everyone Is Selling
Mar 25NEA: A Neutral Rating Still Makes Sense Here
Nov 05NEA: Looking A Bit Pricey, But So Is Everything Else
Jul 05Financial Position Analysis
Short Term Liabilities: NEA's short term assets ($147.9M) exceed its short term liabilities ($98.8M).
Long Term Liabilities: NEA's short term assets ($147.9M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: NEA's net debt to equity ratio (67%) is considered high.
Reducing Debt: NEA's debt to equity ratio has increased from 57.1% to 67% over the past 5 years.
Debt Coverage: NEA's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: NEA's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/19 12:24 |
| End of Day Share Price | 2025/05/19 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/10/31 |
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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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nuveen AMT-Free Quality Municipal Income Fund is covered by 2 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.
| Analyst | Institution |
|---|---|
| Kristoph Rollenhagen | Oppenheimer & Co. Inc. |
| Alexander Reiss | Stifel, Equities Research |