Nuveen Taxable Municipalome Fund (Nuveen Taxable Municipalome Fund) Debt-to-Equity : 0.40 (As of Sep. 2023)

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What is Nuveen Taxable Municipalome Fund Debt-to-Equity?

Nuveen Taxable Municipalome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Nuveen Taxable Municipalome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $189.06 Mil. Nuveen Taxable Municipalome Fund's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $470.72 Mil. Nuveen Taxable Municipalome Fund's debt to equity for the quarter that ended in Sep. 2023 was 0.40.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Nuveen Taxable Municipalome Fund's Debt-to-Equity or its related term are showing as below:

NBB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.37 Max: 0.46
Current: 0.4

During the past 6 years, the highest Debt-to-Equity Ratio of Nuveen Taxable Municipalome Fund was 0.46. The lowest was 0.15. And the median was 0.37.

NBB's Debt-to-Equity is ranked worse than
67.09% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs NBB: 0.40

Nuveen Taxable Municipalome Fund Debt-to-Equity Historical Data

The historical data trend for Nuveen Taxable Municipalome Fund's Debt-to-Equity 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 Taxable Municipalome Fund Debt-to-Equity Chart

Nuveen Taxable Municipalome Fund Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.20

0.37

0.38

0.46

0.38

Nuveen Taxable Municipalome Fund Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								0.39	0.46	0.42	0.38	0.40

Competitive Comparison of Nuveen Taxable Municipalome Fund's Debt-to-Equity

For the Asset Management subindustry, Nuveen Taxable Municipalome Fund's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Taxable Municipalome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Nuveen Taxable Municipalome Fund's Debt-to-Equity falls into.

Nuveen Taxable Municipalome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nuveen Taxable Municipalome Fund's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	188.863)	/	500.777
	=	0.38

Nuveen Taxable Municipalome Fund's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	189.059)	/	470.723
	=	0.40

Nuveen Taxable Municipalome Fund (NYSE:NBB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Nuveen Taxable Municipalome Fund Debt-to-Equity Related Terms

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

Nuveen Taxable Municipalome Fund (Nuveen Taxable Municipalome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Taxable Municipal Income Fund (NYSE:NBB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.nuveen.com

Nuveen Taxable Municipal Income Fund is a closed-end fund incorporated in the United States. Its primary objective is current income through investments in taxable municipal securities; the secondary objective is to seek enhanced portfolio value and total return. The fund invests primarily in a diversified portfolio of taxable municipal securities.

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
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
Gifford R Zimmerman	officer: Chief Administrative Officer	333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, 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
Michael A Perry	officer: Vice Presidenrt	101 PARK AVENUE, SUITE 1400, OKLAHOMA CITY OK 73102

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