Nuveen Municipal Credit Income Fund Balance Sheet Health
Financial Health criteria checks 0/6
Nuveen Municipal Credit Income Fund has a total shareholder equity of $2.3B and total debt of $1.7B, which brings its debt-to-equity ratio to 72.9%. Its total assets and total liabilities are $4.0B and $1.7B respectively. Nuveen Municipal Credit Income Fund's EBIT is $165.7M making its interest coverage ratio 2.5. It has cash and short-term investments of $11.2M.
Key information
72.9%
Debt to equity ratio
US$1.69b
Debt
Interest coverage ratio | 2.5x |
Cash | US$11.16m |
Equity | US$2.32b |
Total liabilities | US$1.73b |
Total assets | US$4.05b |
Recent financial health updates
No updates
Recent updates
NZF: Nuveen Muni With Average Statistics Still Rates A Buy
Feb 05NZF: Very Erratic Payouts Explained
Jun 12Nuveen Municipal Credit Income Fund dividend declines by 14.9% to $0.043
Jan 11Nuveen Municipal Credit Income Fund declares $0.0505 dividend
Nov 04Nuveen Municipal Credit Income Fund declares $0.0505 dividend
Oct 06Nuveen Municipal Credit Income Fund declares $0.0585 dividend
Sep 02Nuveen Municipal Credit Income Fund declares $0.0585 dividend
Jul 06Nuveen Municipal Credit Income Fund declares $0.066 dividend
May 10Nuveen Municipal Credit Income Fund declares $0.066 dividend
Jan 05Nuveen Municipal Credit Income Fund declares $0.066 dividend
Dec 02Nuveen Municipal Credit Income Fund declares $0.066 dividend
Nov 03Financial Position Analysis
Short Term Liabilities: NZF's short term assets ($82.5M) do not cover its short term liabilities ($418.1M).
Long Term Liabilities: NZF's short term assets ($82.5M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: NZF's net debt to equity ratio (72.4%) is considered high.
Reducing Debt: NZF's debt to equity ratio has increased from 66.2% to 72.9% over the past 5 years.
Debt Coverage: NZF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NZF's interest payments on its debt are not well covered by EBIT (2.5x coverage).