Nuveen AMT-Free Quality Municipal Income Fund

NYSE:NEA Stock Report

Market Cap: US$3.3b

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 $3.3B and total debt of $2.4B, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are $5.8B and $2.5B respectively. Nuveen AMT-Free Quality Municipal Income Fund's EBIT is $219.5M making its interest coverage ratio 2.5. It has cash and short-term investments of $390.9K.

Key information

73.3%

Debt to equity ratio

US$2.45b

Debt

Interest coverage ratio2.5x
CashUS$390.93k
EquityUS$3.34b
Total liabilitiesUS$2.50b
Total assetsUS$5.84b

Recent financial health updates

No updates

Recent updates

NEA: Looking At The Positives, And A Future Concern

Jan 16

NEA Offering Deepest Discount Among Nuveen Municipal CEFs

Oct 14

NEA: The Leverage Hurdle Was Too High To Climb

Jun 14

Nuveen AMT-Free Quality Municipal Income Fund declares $0.035 dividend

Feb 07

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0445 dividend

Dec 06

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0445 dividend

Nov 04

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0445 dividend

Oct 06

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0525 dividend

Sep 02

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0525 dividend

Aug 08

NEA: Can This Fund Keep Moving Higher? Reasons Why I Think So

Jul 29

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0525 dividend

Jul 06

NEA: An Opportunity To Buy What Everyone Is Selling

Mar 25

NEA: A Neutral Rating Still Makes Sense Here

Nov 05

NEA: Looking A Bit Pricey, But So Is Everything Else

Jul 05

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0585 dividend

May 10

Nuveen AMT-Free Quality Municipal Income Fund goes ex-dividend tomorrow

Feb 03

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0585 dividend

Jan 05

NEA: Outperformer With A 4.7% Yield Is A Benchmark For Muni Bond Investors

Dec 09

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0585 dividend

Dec 02

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0585 dividend

Nov 03

Financial Position Analysis

Short Term Liabilities: NEA's short term assets ($129.4M) exceed its short term liabilities ($54.4M).

Long Term Liabilities: NEA's short term assets ($129.4M) do not cover its long term liabilities ($2.4B).


Debt to Equity History and Analysis

Debt Level: NEA's net debt to equity ratio (73.2%) is considered high.

Reducing Debt: NEA's debt to equity ratio has increased from 63% to 73.3% over the past 5 years.

Debt Coverage: NEA's debt is not well covered by operating cash flow (9.9%).

Interest Coverage: NEA's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet

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