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Nuveen Municipal Creditome Fund (Nuveen Municipal Creditome Fund) Cash-to-Debt : No Debt (1) (As of Oct. 2023)


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What is Nuveen Municipal Creditome 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 Creditome Fund's cash to debt ratio for the quarter that ended in Oct. 2023 was No Debt (1).

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Nuveen Municipal Creditome Fund could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

(1) 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.

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

NZF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17   Med: No Debt   Max: No Debt
Current: 0.17

During the past 13 years, Nuveen Municipal Creditome Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was No Debt.

NZF's Cash-to-Debt is ranked worse than
78.46% of 1476 companies
in the Asset Management industry
Industry Median: 5.445 vs NZF: 0.17

Nuveen Municipal Creditome Fund Cash-to-Debt Historical Data

The historical data trend for Nuveen Municipal Creditome 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 Creditome Fund Cash-to-Debt Chart

Nuveen Municipal Creditome Fund Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - No Debt

Nuveen Municipal Creditome Fund Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Cash-to-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 - No Debt - - No Debt

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

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

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

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



Nuveen Municipal Creditome 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 Creditome Fund's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Nuveen Municipal Creditome Fund had no debt (1).

Nuveen Municipal Creditome Fund's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Nuveen Municipal Creditome Fund had no debt (1).

* 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.


Nuveen Municipal Creditome Fund  (NYSE:NZF) 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 Creditome Fund Cash-to-Debt Related Terms

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


Nuveen Municipal Creditome Fund (Nuveen Municipal Creditome Fund) Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Municipal Credit Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide current income exempt from regular federal income tax and to enhance portfolio value relative to the municipal bond market by investing in an actively managed portfolio of tax-exempt municipal securities.
Executives
Terence J Toth other: Trustee
Young L Robert other: Trustee 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Kristen Dejong other: Portfolio Manager 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
David J Lamb officer: Vice President 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, 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
Gifford R Zimmerman officer: Secretary 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. 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
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