Nuveen Municipal Credit Opps Fund (Nuveen Municipal Credit Opps Fund) Cash-to-Debt : 0.00 (As of Oct. 2023)

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What is Nuveen Municipal Credit Opps 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 Municipal Credit Opps Fund's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.00.

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 Municipal Credit Opps Fund couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

During the past 5 years, Nuveen Municipal Credit Opps Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

NMCO's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 6.06
* Ranked among companies with meaningful Cash-to-Debt only.

Nuveen Municipal Credit Opps Fund Cash-to-Debt Historical Data

The historical data trend for Nuveen Municipal Credit Opps 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.

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Nuveen Municipal Credit Opps Fund Cash-to-Debt Chart

Nuveen Municipal Credit Opps Fund Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

No Debt

Nuveen Municipal Credit Opps Fund Semi-Annual Data
	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial				No Debt	No Debt	-	No Debt	-

Competitive Comparison of Nuveen Municipal Credit Opps Fund's Cash-to-Debt

For the Asset Management subindustry, Nuveen Municipal Credit Opps 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 Municipal Credit Opps Fund's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Nuveen Municipal Credit Opps 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 Municipal Credit Opps Fund's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 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	/	(0	+	0.006)
	=	0.00

Nuveen Municipal Credit Opps Fund's Cash to Debt Ratio for the quarter that ended in Oct. 2023 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	/	(0	+	0.006)
	=	0.00

Nuveen Municipal Credit Opps Fund (NYSE:NMCO) 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 Municipal Credit Opps Fund Cash-to-Debt Related Terms

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

Nuveen Municipal Credit Opps Fund (Nuveen Municipal Credit Opps Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Municipal Credit Opps Fund (NYSE:NMCO) » 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 Municipal Credit Opps Fund is a closed-end fund. The fund's objective is to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. It invests in high yielding, low-to medium-quality municipal securities and uses leverage.

Executives

Terence J Toth	other: Chairman of the Board
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Banc Of America Preferred Funding Corp	10 percent owner	214 NORTH TRYON STREET, CHARLOTTE NC 28255
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
Jpmorgan Chase Bank, N.a.	10 percent owner	1111 POLARIS PARKWAY, COLUMBUS OH 43240
Jon Scott Meissner	officer: Vice President	333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Michael S. Hamilton	other: Portfolio Manager	C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606
Jack Evans	other: Trustee	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Judith M Stockdale	other: Trustee	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606

Nuveen Municipal Credit Opps Fund (Nuveen Municipal Credit Opps Fund) Headlines

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