Nuveen Municipal Credit Opportunities Fund Balance Sheet Health
Financial Health criteria checks 0/6
Nuveen Municipal Credit Opportunities Fund has a total shareholder equity of $551.3M and total debt of $449.1M, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are $1.1B and $510.3M respectively. Nuveen Municipal Credit Opportunities Fund's EBIT is $44.5M making its interest coverage ratio 2.3. It has cash and short-term investments of $1.8M.
Key information
81.5%
Debt to equity ratio
US$449.09m
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$1.83m |
| Equity | US$551.28m |
| Total liabilities | US$510.35m |
| Total assets | US$1.06b |
Recent financial health updates
No updates
Recent updates
NMCO And NMZ: Two Previous Buy Ratings Dismantled By The FOMC
Oct 04Nuveen Municipal Credit Opportunities Fund declares $0.0525 dividend
Feb 07Nuveen Municipal Credit Opportunities Fund dividend declines by 8.7% to $0.0525
Jan 11Nuveen Municipal Credit Opportunities Fund declares $0.0575 dividend
Dec 06Nuveen Municipal Credit Opportunities Fund declares $0.0575 dividend
Oct 06Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Sep 02Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Aug 08Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Jul 06Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
May 10Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Jan 05Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Dec 02Nuveen Municipal Credit Opportunities Fund declares $0.062 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NMCO's short term assets ($60.7M) do not cover its short term liabilities ($61.3M).
Long Term Liabilities: NMCO's short term assets ($60.7M) do not cover its long term liabilities ($449.1M).
Debt to Equity History and Analysis
Debt Level: NMCO's net debt to equity ratio (81.1%) is considered high.
Reducing Debt: Insufficient data to determine if NMCO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NMCO's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: NMCO's interest payments on its debt are not well covered by EBIT (2.3x coverage).