Nuveen Virginia Quality Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Nuveen Virginia Quality Municipal Income Fund has a total shareholder equity of $219.2M and total debt of $148.0M, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are $372.1M and $152.9M respectively. Nuveen Virginia Quality Municipal Income Fund's EBIT is $12.5M making its interest coverage ratio 4.4. It has cash and short-term investments of $4.3M.
Key information
67.5%
Debt to equity ratio
US$148.04m
Debt
| Interest coverage ratio | 4.4x |
| Cash | US$4.30m |
| Equity | US$219.23m |
| Total liabilities | US$152.89m |
| Total assets | US$372.12m |
Recent financial health updates
No updates
Recent updates
Nuveen Virginia Quality Municipal Income Fund declares $0.036 dividend
Feb 07Nuveen Virginia Quality Municipal Income Fund declares $0.0435 dividend
Dec 06Nuveen Virginia Quality Municipal Income Fund declares $0.0435 dividend
Nov 04Nuveen Virginia Quality Municipal Income Fund reduces dividend by 10.3%
Oct 06Nuveen Virginia Quality Municipal Income Fund declares $0.0485 dividend
Sep 02Nuveen Virginia Quality Municipal Income Fund declares $0.0485 dividend
Jul 06Nuveen Virginia Quality Municipal Income Fund declares $0.0485 dividend
May 07Nuveen Virginia Quality Municipal Income Fund declares $0.0485 dividend
Feb 04Nuveen Virginia Quality Municipal Income Fund declares $0.0485 dividend
Jan 05Nuveen Virginia Quality Municipal Income Fund declares $0.0485 dividend
Dec 02Nuveen Virginia Quality Municipal Income Fund declares $0.0485 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NPV's short term assets ($10.8M) do not cover its short term liabilities ($25.2M).
Long Term Liabilities: NPV's short term assets ($10.8M) do not cover its long term liabilities ($127.7M).
Debt to Equity History and Analysis
Debt Level: NPV's net debt to equity ratio (65.6%) is considered high.
Reducing Debt: NPV's debt to equity ratio has increased from 52.3% to 67.5% over the past 5 years.
Debt Coverage: NPV's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: NPV's interest payments on its debt are well covered by EBIT (4.4x coverage).