Nuveen S&P 500 Dynamic Overwrite Fund Balance Sheet Health
Financial Health criteria checks 3/6
Nuveen S&P 500 Dynamic Overwrite Fund has a total shareholder equity of $292.6M and total debt of $2.9M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are $299.0M and $6.5M respectively. Nuveen S&P 500 Dynamic Overwrite Fund's EBIT is $2.0M making its interest coverage ratio 3161.5. It has cash and short-term investments of $1.3K.
Key information
1.0%
Debt to equity ratio
US$2.93m
Debt
| Interest coverage ratio | 3161.5x |
| Cash | US$1.28k |
| Equity | US$292.56m |
| Total liabilities | US$6.48m |
| Total assets | US$299.04m |
Recent financial health updates
No updates
Recent updates
SPXX: S&P 500 Covered Call CEF, Strong 7.6% Yield, Good 9.2% Discount
Mar 11SPXX: Call-Overwrite Fund Trading At A Steep Discount (Upgrade To Buy)
Dec 05SPXX: 8% Yielder Likely To Outperform QQQ And SPY, But There Are Even Better Choices
Sep 20SPXX: Poor Performance From This Buy-Write Fund
May 24SPXX: A Fund That Trades Upside For Yield
Jan 31Nuveen S&P 500 Dynamic Overwrite Fund declares $0.294 dividend
Dec 06SPXX: Strong S&P 500 Covered Call CEF, 7.3% Yield, Uncompelling Entry Point
Oct 11SPXX: Have Buy-Write CEFs Actually Cushioned The Bear Mauling?
Sep 18SPXX: Take Advantage Of The High VIX Levels With This CEF
Jul 23Evaluating CEFs: SPXX Generates Good Income From The S&P 500
May 10Nuveen S&P 500 Dynamic Overwrite Fund declares $0.245 dividend
Dec 02Financial Position Analysis
Short Term Liabilities: SPXX's short term assets ($3.7M) do not cover its short term liabilities ($6.5M).
Long Term Liabilities: SPXX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SPXX's net debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: SPXX's debt to equity ratio has increased from 0% to 1% over the past 5 years.
Debt Coverage: Insufficient data to determine if SPXX's debt is well covered by operating cash flow.
Interest Coverage: SPXX's interest payments on its debt are well covered by EBIT (3161.5x coverage).