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Nuveen California AMT-Free Quality Municipalome Fund (Nuveen California AMT-Free Quality Municipalome Fund) Effective Interest Rate on Debt % : 163.75% (As of Aug. 2023)


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What is Nuveen California AMT-Free Quality Municipalome Fund 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 California AMT-Free Quality Municipalome Fund's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was $15.22 Mil. Nuveen California AMT-Free Quality Municipalome Fund's average total debt for the quarter that ended in Aug. 2023 was $9.30 Mil. Therefore, Nuveen California AMT-Free Quality Municipalome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 163.75%.


Nuveen California AMT-Free Quality Municipalome Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Nuveen California AMT-Free Quality Municipalome Fund'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 California AMT-Free Quality Municipalome Fund Effective Interest Rate on Debt % Chart

Nuveen California AMT-Free Quality Municipalome Fund Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.89 643.99 266.67 18.69 236.74

Nuveen California AMT-Free Quality Municipalome Fund Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 18.11 153.36 727.01 163.75

Competitive Comparison of Nuveen California AMT-Free Quality Municipalome Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Nuveen California AMT-Free Quality Municipalome Fund'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 California AMT-Free Quality Municipalome Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen California AMT-Free Quality Municipalome Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nuveen California AMT-Free Quality Municipalome Fund's Effective Interest Rate on Debt % falls into.



Nuveen California AMT-Free Quality Municipalome Fund Effective Interest Rate on Debt % Calculation

Nuveen California AMT-Free Quality Municipalome Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2022 )+Total Debt  (A: Feb. 2023 ))/ count )
=-1  *  -8.557/( (4.88+2.349)/ 2 )
=-1  *  -8.557/3.6145
=236.74 %

where

Nuveen California AMT-Free Quality Municipalome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2023 )+Total Debt  (Q: Aug. 2023 ))/ count )
=-1  *  -15.222/( (2.349+16.243)/ 2 )
=-1  *  -15.222/9.296
=163.75 %

where

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16.243 + 0
=16.243

* 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 (Aug. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Nuveen California AMT-Free Quality Municipalome Fund  (NYSE:NKX) Effective Interest Rate on Debt % Explanation

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


Nuveen California AMT-Free Quality Municipalome Fund Effective Interest Rate on Debt % Related Terms

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Nuveen California AMT-Free Quality Municipalome Fund (Nuveen California AMT-Free Quality Municipalome Fund) Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen California AMT-Free Quality Municipal Income Fund is a diversified closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax, federal alternative minimum tax applies to individuals and California income tax, and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal securities that the Fund's investment adviser and/or the Fund's sub-adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.
Executives
Kristen Dejong other: Portfolio Manager 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
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
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Jacques M Longerstaey 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
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
Michael A Perry officer: vice President 101 PARK AVENUE, SUITE 1400, OKLAHOMA CITY OK 73102

Nuveen California AMT-Free Quality Municipalome Fund (Nuveen California AMT-Free Quality Municipalome Fund) Headlines