Nuveen Ohio Quality Municipalome Fund (Nuveen Ohio Quality Municipalome Fund) Financial Strength : 7 (As of Aug. 2022)

Nuveen Ohio Quality Municipalome Fund Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Nuveen Ohio Quality Municipalome Fund's Interest Expense for the months ended in Aug. 2022 was $-1.41 Mil. Its Operating Income for the months ended in Aug. 2022 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2022 was $0.25 Mil.

Nuveen Ohio Quality Municipalome Fund's Interest Coverage for the quarter that ended in Aug. 2022 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Nuveen Ohio Quality Municipalome Fund's Debt to Revenue Ratio for the quarter that ended in Aug. 2022 is

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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 Ohio Quality Municipalome Fund  (NYSE:NUO) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Nuveen Ohio Quality Municipalome Fund has the Financial Strength Rank of 7.

Nuveen Ohio Quality Municipalome Fund Financial Strength Related Terms

Thank you for viewing the detailed overview of Nuveen Ohio Quality Municipalome Fund's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.

Nuveen Ohio Quality Municipalome Fund (Nuveen Ohio Quality Municipalome Fund) Business Description