Nuveen AMT-Free Municipal Credit Income Fund Balance Sheet Health
Financial Health criteria checks 1/6
Nuveen AMT-Free Municipal Credit Income Fund has a total shareholder equity of $2.5B and total debt of $2.0B, which brings its debt-to-equity ratio to 77.9%. Its total assets and total liabilities are $4.5B and $2.0B respectively. Nuveen AMT-Free Municipal Credit Income Fund's EBIT is $180.1M making its interest coverage ratio 2.7. It has cash and short-term investments of $6.9M.
Key information
77.9%
Debt to equity ratio
US$1.96b
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$6.92m |
| Equity | US$2.52b |
| Total liabilities | US$2.02b |
| Total assets | US$4.54b |
Recent financial health updates
No updates
Recent updates
NVG: 3 Reasons To Be Cautious Despite Large Discount To NAV
Dec 28NVG: Historic Discount Available Keeps My Buy Rating
Oct 07Nuveen AMT-Free Municipal Credit Income Fund declares $0.0425 dividend
Feb 07Nuveen AMT-Free Municipal Credit Income Fund dividend declines by 22% to $0.0425
Jan 11Nuveen AMT-Free Municipal Credit Income Fund declares $0.0545 dividend
Dec 06Nuveen AMT-Free Municipal Credit Income Fund declares $0.0545 dividend
Oct 06Nuveen AMT-Free Municipal Credit Income Fund declares $0.064 dividend
Sep 02Nuveen AMT-Free Municipal Credit Income Fund declares $0.064 dividend
Aug 08Nuveen AMT-Free Municipal Credit Income Fund declares $0.064 dividend
Jul 06Muni CEFs: Back Up The Truck On NVG And NZF
Feb 16Nuveen AMT-Free Municipal Credit Income Fund Is A Good Choice For That Strategy
Oct 29Nuveen AMT-Free Municipal Credit Income Fund declares $0.0675 dividend
May 10Nuveen AMT-Free Municipal Credit Income Fund declares $0.0675 dividend
Jan 05NVG: Nuveen's Higher Yielding AMT-FREE Municipal Bond CEF
Dec 14Nuveen AMT-Free Municipal Credit Income Fund declares $0.0675 dividend
Dec 02Nuveen AMT-Free Municipal Credit Income Fund declares $0.0675 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NVG's short term assets ($139.2M) do not cover its short term liabilities ($2.0B).
Long Term Liabilities: NVG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NVG's net debt to equity ratio (77.6%) is considered high.
Reducing Debt: NVG's debt to equity ratio has increased from 63.5% to 77.9% over the past 5 years.
Debt Coverage: NVG's debt is not well covered by operating cash flow (10%).
Interest Coverage: NVG's interest payments on its debt are not well covered by EBIT (2.7x coverage).