JLS (Nuveen Mortgage Andome Fund) Debt-to-Equity : 0.31 (As of Dec. 2024)

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What is Nuveen Mortgage Andome Fund Debt-to-Equity?

Nuveen Mortgage Andome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil. Nuveen Mortgage Andome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $32.71 Mil. Nuveen Mortgage Andome Fund's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $106.52 Mil. Nuveen Mortgage Andome Fund's debt to equity for the quarter that ended in Dec. 2024 was 0.31.

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 Mortgage Andome Fund's Debt-to-Equity or its related term are showing as below:

JLS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.39 Max: 0.44
Current: 0.31

During the past 8 years, the highest Debt-to-Equity Ratio of Nuveen Mortgage Andome Fund was 0.44. The lowest was 0.31. And the median was 0.39.

JLS's Debt-to-Equity is ranked worse than
61.05% of 973 companies
in the Asset Management industry
Industry Median: 0.19 vs JLS: 0.31

Nuveen Mortgage Andome Fund Debt-to-Equity Historical Data

The historical data trend for Nuveen Mortgage Andome 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 Mortgage Andome Fund Debt-to-Equity Chart

Nuveen Mortgage Andome Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.34

0.36

0.44

0.37

0.31

Nuveen Mortgage Andome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial										0.44	0.40	0.37	0.33	0.31

Competitive Comparison of Nuveen Mortgage Andome Fund's Debt-to-Equity

For the Asset Management subindustry, Nuveen Mortgage Andome 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 Mortgage Andome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

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

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Nuveen Mortgage Andome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nuveen Mortgage Andome Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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	+	32.705)	/	106.524
	=	0.31

Nuveen Mortgage Andome Fund's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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	+	32.705)	/	106.524
	=	0.31

Nuveen Mortgage Andome Fund (NYSE:JLS) 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 Mortgage Andome Fund Debt-to-Equity Related Terms

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

Nuveen Mortgage Andome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Mortgage And Income Fund (NYSE:JLS) » 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 Mortgage And Income Fund is a diversified, closed-end management investment company. The fund invests at least fifty percent of its Managed Assets in MBS, including residential MBS and commercial MBS, and up to fifty percent in non-mortgage related ABS. Its investment objective to generate high current income through opportunistic investments in securitized credit.

Executives

Aashh Parekh	other: Portfolio Manager	333 W. WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Nathaniel T. Jones	officer: Vice President and Treasurer	C/O NUVEEN 333 W. WACKER DRIVE, STE 3400, CHICAGO IL 60606
Trey Iii Stenersen	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Stephen Virgilio	other: Portfolio Manager	333 W 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: Chief Administrative Officer	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
Nicholas Travaglino	other: Portfolio Manager	333 W WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
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

Nuveen Mortgage Andome Fund Headlines

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