Nuveen Pennsylvania Quality Municipal Income Fund

NYSE:NQP Stock Report

Market Cap: US$443.0m

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 ratio2.1x
CashUS$4.39m
EquityUS$480.21m
Total liabilitiesUS$350.76m
Total assetsUS$830.97m

Recent financial health updates

No updates

Recent updates

Nuveen Pennsylvania Quality Municipal Income Fund declares $0.029 dividend

Feb 07

Nuveen Pennsylvania Quality Municipal Income Fund declares $0.037 dividend

Dec 06

Nuveen Pennsylvania Quality Municipal Income Fund declares $0.037 dividend

Nov 04

Nuveen Pennsylvania Quality Municipal Income Fund reduces dividend by 15.9%

Oct 06

Nuveen Pennsylvania Quality Municipal Income Fund declares $0.044 dividend

Sep 02

Nuveen Pennsylvania Investment Quality Municipal Fund dips -9.3% to $0.044/share

Jul 06

Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend

May 07

Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend

Feb 04

Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend

Jan 05

Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend

Dec 02

Nuveen Pennsylvania Investment Quality Municipal Fund declares $0.056 dividend

Nov 03

Financial 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).


Balance Sheet

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