Nuveen Municipal High Income Opportunity Fund Balance Sheet Health
Financial Health criteria checks 3/6
Nuveen Municipal High Income Opportunity Fund has a total shareholder equity of $1.0B and total debt of $412.4M, which brings its debt-to-equity ratio to 39.3%. Its total assets and total liabilities are $1.8B and $785.9M respectively. Nuveen Municipal High Income Opportunity Fund's EBIT is $87.9M making its interest coverage ratio 2.8. It has cash and short-term investments of $1.3M.
Key information
39.3%
Debt to equity ratio
US$412.40m
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$1.27m |
| Equity | US$1.05b |
| Total liabilities | US$785.92m |
| Total assets | US$1.83b |
Recent financial health updates
No updates
Recent updates
NMZ: Still A Decent Muni Option For 2024
Feb 27NMZ: Take Profits Now Before The FOMC Disappoints The Market
Jan 04NMZ: Reiterating A Buy Case In The Latter Stages Of 2023
Aug 12NMZ: The Buy Case For High Yield Munis - It's Not For Everyone
Feb 23Nuveen Municipal High Income Opportunity Fund dividend declines by 15% to $ 0.0455
Jan 11Nuveen Municipal High Income Opportunity Fund declares $0.0535 dividend
Nov 04Nuveen Municipal High Income Opportunity Fund declares $0.0535 dividend
Oct 06Nuveen Municipal High Income Opportunity Fund declares $0.059 dividend
Sep 02Nuveen Municipal High Income Opportunity Fund lowered monthly dividend by 9.2%
Jul 06NMZ: Reaching For Yield Through Munis Can Make Sense
Nov 20NMZ: A Good Choice For A Rising Rate World
Oct 22Nuveen Municipal High Income Opportunity Fund declares $0.062 dividend
Jan 05NMZ: Offering A Very Competitive After-Tax Yield
Dec 01Nuveen Municipal High Income Opportunity Fund declares $0.062 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NMZ's short term assets ($50.8M) do not cover its short term liabilities ($785.9M).
Long Term Liabilities: NMZ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NMZ's net debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: NMZ's debt to equity ratio has reduced from 54.6% to 39.3% over the past 5 years.
Debt Coverage: NMZ's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: NMZ's interest payments on its debt are not well covered by EBIT (2.8x coverage).