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NMCO (Nuveen Municipal Credit Opps Fund) Net Current Asset Value : $0.00 (As of Apr. 2024)


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What is Nuveen Municipal Credit Opps Fund Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Nuveen Municipal Credit Opps Fund's net current asset value per share for the quarter that ended in Apr. 2024 was $0.00.

The historical rank and industry rank for Nuveen Municipal Credit Opps Fund's Net Current Asset Value or its related term are showing as below:

NMCO's Price-to-Net-Current-Asset-Value is not ranked *
in the Asset Management industry.
Industry Median: 3.635
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Nuveen Municipal Credit Opps Fund Net Current Asset Value Historical Data

The historical data trend for Nuveen Municipal Credit Opps Fund's Net Current Asset Value 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 Municipal Credit Opps Fund Net Current Asset Value Chart

Nuveen Municipal Credit Opps Fund Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Oct23
Net Current Asset Value
- - - - -

Nuveen Municipal Credit Opps Fund Semi-Annual Data
Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Nuveen Municipal Credit Opps Fund's Net Current Asset Value

For the Asset Management subindustry, Nuveen Municipal Credit Opps Fund's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Municipal Credit Opps Fund's Price-to-Net-Current-Asset-Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Municipal Credit Opps Fund's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Nuveen Municipal Credit Opps Fund's Price-to-Net-Current-Asset-Value falls into.



Nuveen Municipal Credit Opps Fund Net Current Asset Value Calculation

Nuveen Municipal Credit Opps Fund's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Oct. 2023 is calculated as

Net Current Asset Value Per Share(A: Oct. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-510.348-0-0)/54.8019
=N/A

Nuveen Municipal Credit Opps Fund's Net Current Asset Value (NCAV) per share for the quarter that ended in Apr. 2024 is calculated as

Net Current Asset Value Per Share(Q: Apr. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-479.527-0-0)/54.8019
=N/A

* 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 Municipal Credit Opps Fund  (NYSE:NMCO) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Nuveen Municipal Credit Opps Fund Net Current Asset Value Related Terms

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Nuveen Municipal Credit Opps Fund Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Municipal Credit Opps Fund is a closed-end fund. The fund's objective is to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. It invests in high yielding, low-to medium-quality municipal securities and uses leverage.
Executives
Terence J Toth other: Chairman of the Board
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
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
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Michael S. Hamilton other: Portfolio Manager C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606
Jack Evans other: Trustee 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Judith M Stockdale other: Trustee 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606

Nuveen Municipal Credit Opps Fund Headlines

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