NAC (Nuveen California Quality Municipalome Fund) Scaled Net Operating Assets: 0.65 (As of Feb. 2026)


NAC Nuveen California Quality Municipal Income Fund NAC
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What is Nuveen California Quality Municipalome Fund Scaled Net Operating Assets?

Nuveen California Quality Municipalome Fund NAC +0.33% 35 Scaled Net Operating Assets is 0.65 as of Feb. 2026. GuruFocus rates NAC with a GF Score™ of 35/100. The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen California Quality Municipalome Fund's operating assets for the quarter that ended in Feb. 2026 was $3,093.92 Mil. Nuveen California Quality Municipalome Fund's operating liabilities for the quarter that ended in Feb. 2026 was $1,244.79 Mil. Nuveen California Quality Municipalome Fund's Total Assets for the quarter that ended in Aug. 2025 was $2,844.23 Mil. Therefore, Nuveen California Quality Municipalome Fund's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.65.

NAC
35GF Score
Nuveen California Quality Municipal Income Fund NAC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen California Quality Municipalome Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nuveen California Quality Municipalome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Aug. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Aug. 2025 )
=(Operating Assets (A: Aug. 2025 )-Operating Liabilities (A: Aug. 2025 ))/Total Assets (A: Feb. 2024 )
=(2844.234-1228.074)/3092.181
=0.52

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2844.234 - 0
=2844.234

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1232.886 - 4.812 - 0
=1228.074

Nuveen California Quality Municipalome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(3093.919-1244.786)/2844.234
=0.65

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3111.238 - 17.319
=3093.919

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1244.786 - 0 - 0
=1244.786

* 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.

What does a Scaled Net Operating Assets of 0.65 mean?
Nuveen California Quality Municipalome Fund (NAC) has a Scaled Net Operating Assets of 0.65 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen California Quality Municipalome Fund and its competitors.
Is Nuveen California Quality Municipalome Fund's Scaled Net Operating Assets too high?
Nuveen California Quality Municipalome Fund's current Scaled Net Operating Assets is 0.65. Overall, Nuveen California Quality Municipalome Fund has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen California Quality Municipalome Fund's Scaled Net Operating Assets compare to NUV and PDO?
Nuveen California Quality Municipalome Fund's Scaled Net Operating Assets of 0.65 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen California Quality Municipalome Fund and its competitors. Nuveen California Quality Municipalome Fund's current Scaled Net Operating Assets is 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen California Quality Municipalome Fund stock overvalued right now?
Nuveen California Quality Municipalome Fund (NAC) has a current Scaled Net Operating Assets of 0.65. The current Scaled Net Operating Assets is 0.65. Nuveen California Quality Municipalome Fund's overall GF Score™ is 35/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Nuveen California Quality Municipalome Fund (NAC), the current Scaled Net Operating Assets is 0.65 as of Feb. 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 California Quality Municipalome Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen California Quality Municipal Income Fund is a closed-end fixed income mutual fund that prominently invests in tax-exempt municipal bonds from California. The Fund's primary investment objective is current income exempt from both regular federal income taxes and Arizona individual income taxes. Its portfolio mainly includes investment-grade municipal securities of California. The fund targets various sectors such as healthcare, utilities, transportation, and consumer staples.
35GF Score

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