Nuveen Floating Rateome Fund (Nuveen Floating Rateome Fund) Debt-to-Equity : 0.39 (As of Jan. 2024)

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What is Nuveen Floating Rateome Fund Debt-to-Equity?

Nuveen Floating Rateome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.0 Mil. Nuveen Floating Rateome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $477.7 Mil. Nuveen Floating Rateome Fund's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $1,241.4 Mil. Nuveen Floating Rateome Fund's debt to equity for the quarter that ended in Jan. 2024 was 0.38.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Nuveen Floating Rateome Fund's Debt-to-Equity or its related term are showing as below:

JFR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.4 Max: 0.47
Current: 0.39

During the past 7 years, the highest Debt-to-Equity Ratio of Nuveen Floating Rateome Fund was 0.47. The lowest was 0.38. And the median was 0.40.

JFR's Debt-to-Equity is ranked worse than
66.14% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs JFR: 0.39

Nuveen Floating Rateome Fund Debt-to-Equity Historical Data

The historical data trend for Nuveen Floating Rateome Fund's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nuveen Floating Rateome Fund Debt-to-Equity Chart

Nuveen Floating Rateome Fund Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.42

0.39

0.41

0.44

0.39

Nuveen Floating Rateome Fund Semi-Annual Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial									0.41	0.44	0.45	0.39	0.39

Competitive Comparison of Nuveen Floating Rateome Fund's Debt-to-Equity

For the Asset Management subindustry, Nuveen Floating Rateome Fund's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nuveen Floating Rateome Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Floating Rateome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nuveen Floating Rateome Fund's Debt-to-Equity falls into.

Nuveen Floating Rateome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nuveen Floating Rateome Fund's Debt to Equity Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	481.045)	/	1224.552
	=	0.39

Nuveen Floating Rateome Fund's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	477.669)	/	1241.446
	=	0.38

Nuveen Floating Rateome Fund (NYSE:JFR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Nuveen Floating Rateome Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nuveen Floating Rateome Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nuveen Floating Rateome Fund (Nuveen Floating Rateome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Floating Rate Income Fund (NYSE:JFR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 West Wacker Drive, Chicago, IL, USA, 60606

Website

https://www.nuveen.com

Nuveen Floating Rate Income Fund is a diversified closed-end management investment company. Its investment objective is to achieve a high level of current income, consistent with the preservation of capital. It invests in adjustable-rate U.S. dollar-denominated secured Senior Loans.

Executives

Matthew Iii Thornton	other: Trustee	3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Nathaniel T. Jones	officer: Vice President and Treasurer	C/O NUVEEN 333 W. WACKER DRIVE, STE 3400, CHICAGO IL 60606
Scott C. Caraher	other: Portfolio Manager	C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606
Albin F Moschner	other: Trustee	C/O LURIO & ASSOCIATES, P.C., 2005 MARKET STREET, SUITE 3120, PHILADELPHIA PA 19103
Brett Black	officer: Chief Compliance Officer	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Joanne Medero	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r.	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Knights Of Columbus	10 percent owner	ONE COLUMBUS PLAZA, NEW HAVEN CT 06510
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Deann Morgan	officer: Vice President	TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner	officer: Vice President	333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606

Nuveen Floating Rateome Fund (Nuveen Floating Rateome Fund) Headlines

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