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Nuveen Enhanced Municipal Value Fund (Nuveen Enhanced Municipal Value Fund) Effective Interest Rate on Debt % : 1.22% (As of Oct. 2021)


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What is Nuveen Enhanced Municipal Value Fund Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Nuveen Enhanced Municipal Value Fund's annualized positive value of Interest Expense for the quarter that ended in Oct. 2021 was $0.84 Mil. Nuveen Enhanced Municipal Value Fund's average total debt for the quarter that ended in Oct. 2021 was $69.18 Mil. Therefore, Nuveen Enhanced Municipal Value Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2021 was 1.22%.


Nuveen Enhanced Municipal Value Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Nuveen Enhanced Municipal Value Fund's Effective Interest Rate on 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.

* Premium members only.

Nuveen Enhanced Municipal Value Fund Effective Interest Rate on Debt % Chart

Nuveen Enhanced Municipal Value Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21
Effective Interest Rate on Debt %
1.33 5.44 3.61 1.32 1.20

Nuveen Enhanced Municipal Value Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only 2.14 3.91 1.46 0.66 1.22

Competitive Comparison of Nuveen Enhanced Municipal Value Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Nuveen Enhanced Municipal Value Fund's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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 Enhanced Municipal Value Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Enhanced Municipal Value Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nuveen Enhanced Municipal Value Fund's Effective Interest Rate on Debt % falls into.



Nuveen Enhanced Municipal Value Fund Effective Interest Rate on Debt % Calculation

Nuveen Enhanced Municipal Value Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2020 )+Total Debt  (A: Oct. 2021 ))/ count )
=-1  *  -0.866/( (137.927+5.9)/ 2 )
=-1  *  -0.866/71.9135
=1.20 %

where

Total Debt  (A: Oct. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=137.927 + 0
=137.927

Nuveen Enhanced Municipal Value Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2021 )+Total Debt  (Q: Oct. 2021 ))/ count )
=-1  *  -0.844/( (132.467+5.9)/ 2 )
=-1  *  -0.844/69.1835
=1.22 %

where

Total Debt  (Q: Apr. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.467 + 0
=132.467

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Oct. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Nuveen Enhanced Municipal Value Fund  (NYSE:NEV) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Nuveen Enhanced Municipal Value Fund Effective Interest Rate on Debt % Related Terms

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Nuveen Enhanced Municipal Value Fund (Nuveen Enhanced Municipal Value Fund) Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Enhanced Municipal Value Fund is a diversified closed-end management investment company. Its primary investment objective is to provide current income exempt from regular federal income tax. The fund's secondary investment objective is to enhance portfolio value and total return.
Executives
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
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
Stephen Candido other: Portfolio Manager C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606
Timothy T Ryan other: Portfolio Manager C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606
Michael A Perry officer: Vice President 101 PARK AVENUE, SUITE 1400, OKLAHOMA CITY OK 73102
Young L Robert other: Trustee 1111 POLARIS PARKWAY, COLUMBUS OH 43240

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