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 ratio | 2.5x |
Cash | US$390.93k |
Equity | US$3.34b |
Total liabilities | US$2.50b |
Total assets | US$5.84b |
Recent financial health updates
No updates
Recent updates
NEA: 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 05Nuveen AMT-Free Quality Municipal Income Fund declares $0.0585 dividend
May 10Nuveen AMT-Free Quality Municipal Income Fund goes ex-dividend tomorrow
Feb 03Nuveen AMT-Free Quality Municipal Income Fund declares $0.0585 dividend
Jan 05NEA: Outperformer With A 4.7% Yield Is A Benchmark For Muni Bond Investors
Dec 09Nuveen AMT-Free Quality Municipal Income Fund declares $0.0585 dividend
Dec 02Nuveen AMT-Free Quality Municipal Income Fund declares $0.0585 dividend
Nov 03Financial 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).