Nuveen Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 6/6
Nuveen Municipal Income Fund has a total shareholder equity of $92.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $96.5M and $4.4M respectively. Nuveen Municipal Income Fund's EBIT is $3.8M making its interest coverage ratio 4970.4. It has cash and short-term investments of $849.5K.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | 4970.4x |
| Cash | US$849.46k |
| Equity | US$92.12m |
| Total liabilities | US$4.36m |
| Total assets | US$96.48m |
Recent financial health updates
No updates
Recent updates
Nuveen Municipal Income Fund declares $0.03 dividend
Feb 07Nuveen Municipal Income Fund declares $0.03 dividend
Dec 06Nuveen Municipal Income Fund declares $0.03 dividend
Nov 04Nuveen Municipal Income Fund declares $0.0275 dividend
Sep 02Nuveen Municipal Income Fund raises monthly dividend by 7.8%
Jul 06Nuveen Municipal Income Fund declares $0.033 dividend
May 10Nuveen Municipal Income Fund declares $0.033 dividend
Jan 05Nuveen Municipal Income Fund declares $0.033 dividend
Dec 02Nuveen Municipal Income Fund declares $0.033 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NMI's short term assets ($4.7M) exceed its short term liabilities ($4.4M).
Long Term Liabilities: NMI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NMI is debt free.
Reducing Debt: NMI had no debt 5 years ago.
Debt Coverage: NMI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NMI has no debt, therefore coverage of interest payments is not a concern.