Nuveen Massachusetts Quality Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Nuveen Massachusetts Quality Municipal Income Fund has a total shareholder equity of $113.0M and total debt of $73.8M, which brings its debt-to-equity ratio to 65.3%. Its total assets and total liabilities are $187.2M and $74.2M respectively. Nuveen Massachusetts Quality Municipal Income Fund's EBIT is $6.0M making its interest coverage ratio 2. It has cash and short-term investments of $3.0M.
Key information
65.3%
Debt to equity ratio
US$73.77m
Debt
| Interest coverage ratio | 2x |
| Cash | US$3.05m |
| Equity | US$113.04m |
| Total liabilities | US$74.19m |
| Total assets | US$187.24m |
Recent financial health updates
No updates
Recent updates
Nuveen Massachusetts Quality Municipal Income Fund declares $0.026 dividend
Feb 07Nuveen Massachusetts Quality Municipal Income Fund declares $0.0335 dividend
Dec 06Nuveen Massachusetts Quality Municipal Income Fund declares $0.0335 dividend
Nov 04Nuveen Massachusetts Quality Municipal Income Fund reduces dividend by 14.1%
Oct 06Nuveen Massachusetts Quality Municipal Income Fund declares $0.039 dividend
Sep 02Nuveen Massachusetts Quality Municipal Income Fund dips -9.3% to $0.039/share
Jul 06Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
May 07Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
Feb 04Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
Jan 05Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
Dec 02Nuveen Massachusetts Premium Income Municipal Fund declares $0.046 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NMT's short term assets ($5.7M) exceed its short term liabilities ($421.0K).
Long Term Liabilities: NMT's short term assets ($5.7M) do not cover its long term liabilities ($73.8M).
Debt to Equity History and Analysis
Debt Level: NMT's net debt to equity ratio (62.6%) is considered high.
Reducing Debt: NMT's debt to equity ratio has increased from 57.1% to 65.3% over the past 5 years.
Debt Coverage: NMT's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: NMT's interest payments on its debt are not well covered by EBIT (2x coverage).