Nuveen Enhanced Municipal Value Fund (Nuveen Enhanced Municipal Value Fund) Cash-to-Debt : 0.02 (As of Oct. 2021)

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What is Nuveen Enhanced Municipal Value Fund Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Nuveen Enhanced Municipal Value Fund's cash to debt ratio for the quarter that ended in Oct. 2021 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Nuveen Enhanced Municipal Value Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2021.

The historical rank and industry rank for Nuveen Enhanced Municipal Value Fund's Cash-to-Debt or its related term are showing as below:

NEV's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.72
* Ranked among companies with meaningful Cash-to-Debt only.

Nuveen Enhanced Municipal Value Fund Cash-to-Debt Historical Data

The historical data trend for Nuveen Enhanced Municipal Value Fund's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Nuveen Enhanced Municipal Value Fund Cash-to-Debt Chart

Nuveen Enhanced Municipal Value Fund Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Cash-to-Debt

0.01

0.07

0.05

0.02

Nuveen Enhanced Municipal Value Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21
Cash-to-Debt	Get a 7-Day Free Trial				0.07	-	0.05	0.02	0.02

Competitive Comparison of Nuveen Enhanced Municipal Value Fund's Cash-to-Debt

For the Asset Management subindustry, Nuveen Enhanced Municipal Value Fund's Cash-to-Debt, along with its competitors' market caps and Cash-to-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 Enhanced Municipal Value Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Enhanced Municipal Value Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nuveen Enhanced Municipal Value Fund's Cash-to-Debt falls into.

Nuveen Enhanced Municipal Value Fund Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Nuveen Enhanced Municipal Value Fund's Cash to Debt Ratio for the fiscal year that ended in Oct. 2021 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.087	/	(0	+	5.9)
	=	0.01

Nuveen Enhanced Municipal Value Fund's Cash to Debt Ratio for the quarter that ended in Oct. 2021 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.087	/	(0	+	5.9)
	=	0.01

Nuveen Enhanced Municipal Value Fund (NYSE:NEV) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Nuveen Enhanced Municipal Value Fund Cash-to-Debt Related Terms

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

Nuveen Enhanced Municipal Value Fund (Nuveen Enhanced Municipal Value Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Enhanced Municipal Value Fund (NYSE:NEV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.nuveen.com

Nuveen Enhanced Municipal Value Fund is a diversified closed-end management investment company. Its primary investment objective is to provide current income exempt from regular federal income tax. The fund's secondary investment objective is to enhance portfolio value and total return.

Executives

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
William T. Meyers	officer: Vice President	C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606
William A Siffermann	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
Timothy T Ryan	other: Portfolio Manager	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
Young L Robert	other: Trustee	1111 POLARIS PARKWAY, COLUMBUS OH 43240

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