Nuveen California Dividend Advantage Municipal Fun (Nuveen California Dividend Advantage Municipal Fun) Debt-to-Equity : 0.00 (As of Aug. 2016)

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What is Nuveen California Dividend Advantage Municipal Fun Debt-to-Equity?

Nuveen California Dividend Advantage Municipal Fun's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2016 was $0.00 Mil. Nuveen California Dividend Advantage Municipal Fun's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2016 was $0.00 Mil. Nuveen California Dividend Advantage Municipal Fun's Total Stockholders Equity for the quarter that ended in Aug. 2016 was $374.18 Mil. Nuveen California Dividend Advantage Municipal Fun's debt to equity for the quarter that ended in Aug. 2016 was 0.00.

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 California Dividend Advantage Municipal Fun's Debt-to-Equity or its related term are showing as below:

NZH's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Nuveen California Dividend Advantage Municipal Fun Debt-to-Equity Historical Data

The historical data trend for Nuveen California Dividend Advantage Municipal Fun'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 California Dividend Advantage Municipal Fun Debt-to-Equity Chart

Nuveen California Dividend Advantage Municipal Fun Annual Data

Trend

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Debt-to-Equity

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0.01

Nuveen California Dividend Advantage Municipal Fun Semi-Annual Data
	Aug10	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-	0.01	-

Competitive Comparison of Nuveen California Dividend Advantage Municipal Fun's Debt-to-Equity

For the Asset Management subindustry, Nuveen California Dividend Advantage Municipal Fun'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 California Dividend Advantage Municipal Fun's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen California Dividend Advantage Municipal Fun's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nuveen California Dividend Advantage Municipal Fun's Debt-to-Equity falls into.

Nuveen California Dividend Advantage Municipal Fun Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nuveen California Dividend Advantage Municipal Fun's Debt to Equity Ratio for the fiscal year that ended in Feb. 2016 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	+	3.87)	/	360.284
	=	0.01

Nuveen California Dividend Advantage Municipal Fun's Debt to Equity Ratio for the quarter that ended in Aug. 2016 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	+	0)	/	374.181
	=	0.00

Nuveen California Dividend Advantage Municipal Fun (AMEX:NZH) 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 California Dividend Advantage Municipal Fun Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nuveen California Dividend Advantage Municipal Fun's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nuveen California Dividend Advantage Municipal Fun (Nuveen California Dividend Advantage Municipal Fun) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen California Dividend Advantage Municipal Fun (AMEX:NZH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.nuveen.com

Nuveen CA Dividend Advantage Muni Fund 3 is a closed-end investment company. The Fund's investment objective is to provide an attractive level of total return, primarily through long-term capital appreciation and secondarily through income and gains.

Executives

Christopher M. Rohrbacher	officer: Vice President	333 W. WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Albin F Moschner	other: Trustee	C/O LURIO & ASSOCIATES, P.C., 2005 MARKET STREET, SUITE 3120, PHILADELPHIA PA 19103
Nathaniel T. Jones	officer: Vice President and Treasurer	C/O NUVEEN 333 W. WACKER DRIVE, STE 3400, CHICAGO IL 60606
Margaret L. Wolff	other: Trustee	C/O NUVEEN 333 W. WACKER DR., STE 3400, CHICAGO IL 60606
Sherri A Hlavacek	officer: Vice President and Treasurer	333 WEST WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
David J Lamb	officer: Vice President	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
John Kevin Nelson	other: Trustee	C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606
Schreier Thomas S Jr	other: Trustee	C/O NORTHWEST AIRLINES, 1689 NONCONNAN BLVD, MEMPHIS TN 38132
Joel T. Slager	officer: Vice President	C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606
Steven M. Hlavin	other: Portfolio Manager	333 W. WACKER DRIVE, SUITE 2900, CHICAGO IL 60606
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Citigroup Inc	10 percent owner	388 GREENWICH STREET, NEW YORK NY 10013
Bank Of America Na	10 percent owner	100 N. TRYON STREET, CHARLOTTE NC 28255
Douglas J White	other: Portfolio Manager	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Virginia Stringer	other: Trustee	800 NICOLLET MALL, C/O US BANCORP ASSET MANAGEMENT, MINNEAPOLIS MI 55402

Nuveen California Dividend Advantage Municipal Fun (Nuveen California Dividend Advantage Municipal Fun) Headlines

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