What is Nuveen Variable Rate Preferred&Income Debt-to-Equity?
Nuveen Variable Rate Preferred&IncomeNPFD -0.42%32 Debt-to-Equity is 0.39 as of Jan. 2026, which is 3% below its 10-year median of 0.40. GuruFocus rates NPFD with a GF Scoreâ„¢ of 32/100. The stock has 6 warning signs investors should review. Among 963 Asset Management companies, Nuveen Variable Rate Preferred&Income ranks worse than 64.8% on this metric.
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.
NPFD'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.4 Max: 0.58
Current: 0.39
During the past 4 years, the highest Debt-to-Equity Ratio of Nuveen Variable Rate Preferred&Income was 0.58. The lowest was 0.38. And the median was 0.40.
NPFD's Debt-to-Equity is ranked worse than 64.8% of 963
companies
in the Asset Management industry
Industry Median: 0.21
vs NPFD: 0.39
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 Variable Rate Preferred&Income Debt-to-Equity Related Terms
Nuveen Variable Rate Preferred&Income Debt-to-Equity Historical Data
* 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.
For the Asset Management subindustry, Nuveen Variable Rate Preferred&Income'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 Variable Rate Preferred&Income Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Variable Rate Preferred&Income's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nuveen Variable Rate Preferred&Income's Debt-to-Equity falls into.
* 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 Variable Rate Preferred&Income (NPFD) has a Debt-to-Equity of 0.39 as of Jan. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nuveen Variable Rate Preferred&Income and its competitors. This is near median its historical median of 0.40. Over the past decade, Nuveen Variable Rate Preferred&Income's Debt-to-Equity has ranged from 0.38 to 0.58. According to the industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #624 out of 963 companies in the Asset Management industry, placing it in the top 64.8%.
Is Nuveen Variable Rate Preferred&Income's Debt-to-Equity too high?
Nuveen Variable Rate Preferred&Income's current Debt-to-Equity of 0.39 is near median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 0.58. The Asset Management industry median Debt-to-Equity is 0.21. Nuveen Variable Rate Preferred&Income's value of 0.39 is 85.7% above this industry median. Based on the distribution chart, Nuveen Variable Rate Preferred&Income ranks #624 out of 963 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen Variable Rate Preferred&Income has a GF Scoreâ„¢ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Variable Rate Preferred&Income's Debt-to-Equity compare to ETB and EVN?
According to the Asset Management industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #624 out of 963 companies for Debt-to-Equity. This places Nuveen Variable Rate Preferred&Income in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Nuveen Variable Rate Preferred&Income's value of 0.39 is 85.7% above this benchmark. Historically, Nuveen Variable Rate Preferred&Income's own Debt-to-Equity has ranged from 0.38 to 0.58 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.21, Nuveen Variable Rate Preferred&Income has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 963 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Variable Rate Preferred&Income's current Debt-to-Equity of 0.39 is 85.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nuveen Variable Rate Preferred&Income and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Variable Rate Preferred&Income's current Debt-to-Equity is 0.39, which is near median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Variable Rate Preferred&Income stock overvalued right now?
Nuveen Variable Rate Preferred&Income (NPFD) has a current Debt-to-Equity of 0.39. The current Debt-to-Equity is 0.39, which is near median its 10-year median of 0.40 and 85.7% above the Asset Management industry median of 0.21. Nuveen Variable Rate Preferred&Income's overall GF Score™ is 32/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Nuveen Variable Rate Preferred&Income (NPFD), the current Debt-to-Equity is 0.39 as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Nuveen Variable Rate Preferred&Income Business Description
Nuveen Variable Rate Preferred&Income is a diversified, closed-end management investment company. Its investment objective is to provide a high level of current income and total return. The fund invests a majority of its assets in variable-rate preferred securities and other variable-rate income-producing securities. The rest of its investments can be made in contingent capital securities or contingent convertible securities, convertible securities, corporate debt securities, U.S. government securities, residential and commercial mortgage-backed securities, fixed-rate preferred securities, senior loans and loan participations and assignments, sovereign debt instruments, debt securities issued by supranational agencies, and/or taxable and tax-exempt municipal bonds.
32GF Score
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