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Nuveen Ohio Quality Municipal Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
Nuveen Ohio Quality Municipal Income Fund has a total shareholder equity of $269.0M and total debt of $168.0M, which brings its debt-to-equity ratio to 62.5%. Its total assets and total liabilities are $438.1M and $169.1M respectively. Nuveen Ohio Quality Municipal Income Fund's EBIT is $11.7M making its interest coverage ratio 5.2. It has cash and short-term investments of $954.6K.
Key information
62.5%
Debt to equity ratio
US$168.05m
Debt
| Interest coverage ratio | 5.2x |
| Cash | US$954.64k |
| Equity | US$269.01m |
| Total liabilities | US$169.11m |
| Total assets | US$438.12m |
Recent financial health updates
No updates
Recent updates
Nuveen Ohio Quality Municipal Income Fund declares $0.0275 dividend
Feb 07Nuveen Ohio Quality Municipal Income Fund declares $0.0325 dividend
Dec 06Nuveen Ohio Quality Municipal Income Fund declares $0.0325 dividend
Nov 04Nuveen Ohio Quality Municipal Income Fund reduces dividend by 14.5%
Oct 06Nuveen Ohio Quality Municipal Income Fund declares $0.038 dividend
Sep 02Nuveen Ohio Quality Municipal Income Fund dips -12.6% to $0.038/share
Jul 06Nuveen Ohio Quality Municipal Income Fund declares $0.049 dividend
May 07Nuveen Ohio Quality Municipal Income Fund declares $0.049 dividend
Feb 04Nuveen Ohio Quality Municipal Income Fund declares $0.049 dividend
Dec 02Nuveen Ohio Quality Municipal Income Fund declares $0.049 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NUO's short term assets ($5.9M) exceed its short term liabilities ($1.3M).
Long Term Liabilities: NUO's short term assets ($5.9M) do not cover its long term liabilities ($167.8M).
Debt to Equity History and Analysis
Debt Level: NUO's net debt to equity ratio (62.1%) is considered high.
Reducing Debt: NUO's debt to equity ratio has increased from 50.1% to 62.5% over the past 5 years.
Debt Coverage: NUO's debt is not well covered by operating cash flow (7.3%).
Interest Coverage: NUO's interest payments on its debt are well covered by EBIT (5.2x coverage).