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NMT (Nuveen Massachusetts Quality Municipalome Fund) Debt-to-Equity : 0.00 (As of Nov. 2024)


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What is Nuveen Massachusetts Quality Municipalome Fund Debt-to-Equity?

Nuveen Massachusetts Quality Municipalome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.00 Mil. Nuveen Massachusetts Quality Municipalome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.00 Mil. Nuveen Massachusetts Quality Municipalome Fund's Total Stockholders Equity for the quarter that ended in Nov. 2024 was $114.04 Mil. Nuveen Massachusetts Quality Municipalome Fund's debt to equity for the quarter that ended in Nov. 2024 was 0.00.

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 Massachusetts Quality Municipalome Fund's Debt-to-Equity or its related term are showing as below:

During the past 7 years, the highest Debt-to-Equity Ratio of Nuveen Massachusetts Quality Municipalome Fund was 0.01. The lowest was 0.00. And the median was 0.01.

NMT's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Nuveen Massachusetts Quality Municipalome Fund Debt-to-Equity Historical Data

The historical data trend for Nuveen Massachusetts Quality 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 Massachusetts Quality Municipalome Fund Debt-to-Equity Chart

Nuveen Massachusetts Quality Municipalome Fund Annual Data
Trend May18 May19 May20 May21 May22 May23 May24
Debt-to-Equity
Get a 7-Day Free Trial - 0.01 - - -

Nuveen Massachusetts Quality Municipalome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24
Debt-to-Equity 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 - - - - -

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

For the Asset Management subindustry, Nuveen Massachusetts Quality 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 Massachusetts Quality Municipalome Fund's Debt-to-Equity Distribution in the Asset Management Industry

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

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


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Nuveen Massachusetts Quality Municipalome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nuveen Massachusetts Quality Municipalome Fund's Debt to Equity Ratio for the fiscal year that ended in May. 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 + 0) / 112.102
=0.00

Nuveen Massachusetts Quality Municipalome Fund's Debt to Equity Ratio for the quarter that ended in Nov. 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 + 0) / 114.044
=0.00

* 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 Massachusetts Quality Municipalome Fund  (NYSE:NMT) 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 Massachusetts Quality Municipalome Fund Debt-to-Equity Related Terms

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Nuveen Massachusetts Quality Municipalome Fund Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) » Definitions » Debt-to-Equity
Comparable Companies
SBI PFX IAF EVF NIM CXE JLS MGF PHD CCIF BLK BX KKR OSTO:INVE A TSX:BAM APO TSX:BN LSE:III AMP XSWX:PGHN
Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Website
https://www.nuveen.com
Nuveen Massachusetts Quality Municipal Income Fund is a diversified closed-end management investment company. The Fund's objective seeks to provide current income exempt from both regular federal and Massachusetts income taxes by investing in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain U.S. territories.
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
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
Demark L Winget officer: Vice President C/O NUVEEN INVESTMENTS, 333 W WACKER DRIVE, 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

Nuveen Massachusetts Quality Municipalome Fund Headlines