GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Select Tax Free Income Portfolio (NYSE:NXP) » Definitions » Effective Interest Rate on Debt %

Nuveen Select Tax Freeome Portfolio (Nuveen Select Tax Freeome Portfolio) Effective Interest Rate on Debt % : 0.16% (As of Sep. 2023)


View and export this data going back to . Start your Free Trial

What is Nuveen Select Tax Freeome Portfolio Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Nuveen Select Tax Freeome Portfolio's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.01 Mil. Nuveen Select Tax Freeome Portfolio's average total debt for the quarter that ended in Sep. 2023 was $3.86 Mil. Therefore, Nuveen Select Tax Freeome Portfolio's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.16%.


Nuveen Select Tax Freeome Portfolio Effective Interest Rate on Debt % Historical Data

The historical data trend for Nuveen Select Tax Freeome Portfolio's Effective Interest Rate on Debt % 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 Select Tax Freeome Portfolio Effective Interest Rate on Debt % Chart

Nuveen Select Tax Freeome Portfolio Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - - - - -

Nuveen Select Tax Freeome Portfolio Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.91 - 0.16

Competitive Comparison of Nuveen Select Tax Freeome Portfolio's Effective Interest Rate on Debt %

For the Asset Management subindustry, Nuveen Select Tax Freeome Portfolio's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Select Tax Freeome Portfolio's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Select Tax Freeome Portfolio's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nuveen Select Tax Freeome Portfolio's Effective Interest Rate on Debt % falls into.



Nuveen Select Tax Freeome Portfolio Effective Interest Rate on Debt % Calculation

Nuveen Select Tax Freeome Portfolio's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -0.004/( (0+0)/ 1 )
=-1  *  -0.004/0
=N/A %

where

Nuveen Select Tax Freeome Portfolio's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.006/( (0+3.861)/ 1 )
=-1  *  -0.006/3.861
=0.16 %

where

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Nuveen Select Tax Freeome Portfolio  (NYSE:NXP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Nuveen Select Tax Freeome Portfolio Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Nuveen Select Tax Freeome Portfolio's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Nuveen Select Tax Freeome Portfolio (Nuveen Select Tax Freeome Portfolio) Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Select Tax Free Income Portfolio is a diversified closed-end investment company. It seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations.
Executives
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
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
Lancellotta Amy B.r. other: Trustee 333 W. 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
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
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
E. Scott Wickerham officer: Vice President C/O NUVEEN, STE 3400, CHICAGO IL 60606
Gifford R Zimmerman officer: Chief Administrative Officer 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Demark L Winget officer: Vice President C/O NUVEEN INVESTMENTS, 333 W WACKER DRIVE, CHICAGO IL 60606
William T. Meyers officer: Vice President C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606
Stephen Candido other: Portfolio Manager C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606

Nuveen Select Tax Freeome Portfolio (Nuveen Select Tax Freeome Portfolio) Headlines

From GuruFocus

Nuveen Select Tax-Free Income Portfolio Announces Monthly Distribution

By Business Wire Business Wire 01-07-2022

Nuveen Closed-End Funds Declare Pre-Reorganization Distributions

By Business Wire Business Wire 11-23-2021

Nuveen Select Tax-Free Income Portfolios Reorganization Complete

By Business Wire Business Wire 12-06-2021

NXP Is Selling Below What It Bought Itself For

By Mark Yu Mark Yu 12-27-2018