Nuveen Pennsylvania Quality Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Nuveen Pennsylvania Quality Municipal Income Fund has a total shareholder equity of $480.2M and total debt of $330.9M, which brings its debt-to-equity ratio to 68.9%. Its total assets and total liabilities are $831.0M and $350.8M respectively. Nuveen Pennsylvania Quality Municipal Income Fund's EBIT is $26.4M making its interest coverage ratio 2.1. It has cash and short-term investments of $4.4M.
Key information
68.9%
Debt to equity ratio
US$330.91m
Debt
Interest coverage ratio | 2.1x |
Cash | US$4.39m |
Equity | US$480.21m |
Total liabilities | US$350.76m |
Total assets | US$830.97m |
Recent financial health updates
No updates
Recent updates
Nuveen Pennsylvania Quality Municipal Income Fund declares $0.029 dividend
Feb 07Nuveen Pennsylvania Quality Municipal Income Fund declares $0.037 dividend
Dec 06Nuveen Pennsylvania Quality Municipal Income Fund declares $0.037 dividend
Nov 04Nuveen Pennsylvania Quality Municipal Income Fund reduces dividend by 15.9%
Oct 06Nuveen Pennsylvania Quality Municipal Income Fund declares $0.044 dividend
Sep 02Nuveen Pennsylvania Investment Quality Municipal Fund dips -9.3% to $0.044/share
Jul 06Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend
May 07Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend
Feb 04Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend
Jan 05Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend
Dec 02Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NQP's short term assets ($34.5M) do not cover its short term liabilities ($350.8M).
Long Term Liabilities: NQP has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NQP's net debt to equity ratio (68%) is considered high.
Reducing Debt: NQP's debt to equity ratio has increased from 63% to 68.9% over the past 5 years.
Debt Coverage: NQP's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: NQP's interest payments on its debt are not well covered by EBIT (2.1x coverage).