Nuveen New York AMT-Free Quality Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
Nuveen New York AMT-Free Quality Municipal Income Fund has a total shareholder equity of $1.0B and total debt of $675.3M, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are $1.7B and $680.0M respectively. Nuveen New York AMT-Free Quality Municipal Income Fund's EBIT is $59.6M making its interest coverage ratio 2.7. It has cash and short-term investments of $1.5M.
Key information
66.4%
Debt to equity ratio
US$675.27m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$1.51m |
| Equity | US$1.02b |
| Total liabilities | US$679.98m |
| Total assets | US$1.70b |
Recent financial health updates
No updates
Recent updates
Nuveen New York AMT-Free Municipal Income Fund declares $0.0345 dividend
Feb 07Nuveen New York AMT-Free Municipal Income Fund dividend declines by 15.9% to $0.0345
Jan 11Nuveen New York AMT-Free Municipal Income Fund reduces dividend by 14.6%
Oct 06Nuveen New York AMT-Free Municipal Income Fund declares $0.048 dividend
Sep 02Nuveen New York AMT-Free Municipal Income Fund declares $0.048 dividend
Jul 06Nuveen New York AMT-Free Municipal Income Fund declares $0.048 dividend
May 10Nuveen New York AMT-Free Municipal Income Fund declares $0.048 dividend
Jan 05Nuveen New York AMT-Free Municipal Income Fund declares $0.048 dividend
Dec 02Nuveen New York AMT-Free Municipal Income Fund declares $0.048 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NRK's short term assets ($20.9M) exceed its short term liabilities ($18.2M).
Long Term Liabilities: NRK's short term assets ($20.9M) do not cover its long term liabilities ($661.8M).
Debt to Equity History and Analysis
Debt Level: NRK's net debt to equity ratio (66.2%) is considered high.
Reducing Debt: NRK's debt to equity ratio has increased from 62.6% to 66.4% over the past 5 years.
Debt Coverage: NRK's debt is well covered by operating cash flow (21.7%).
Interest Coverage: NRK's interest payments on its debt are not well covered by EBIT (2.7x coverage).