NAZ (Nuveen Arizona Quality Municipalome Fund) Scaled Net Operating Assets: 0.68 (As of Feb. 2026)


NAZ Nuveen Arizona Quality Municipal Income Fund NAZ
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What is Nuveen Arizona Quality Municipalome Fund Scaled Net Operating Assets?

Nuveen Arizona Quality Municipalome Fund NAZ -0.56% 29 Scaled Net Operating Assets is 0.68 as of Feb. 2026. GuruFocus rates NAZ with a GF Score™ of 29/100. The stock has 3 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 Arizona Quality Municipalome Fund's operating assets for the quarter that ended in Feb. 2026 was $243.81 Mil. Nuveen Arizona Quality Municipalome Fund's operating liabilities for the quarter that ended in Feb. 2026 was $91.49 Mil. Nuveen Arizona Quality Municipalome Fund's Total Assets for the quarter that ended in Aug. 2025 was $224.41 Mil. Therefore, Nuveen Arizona Quality Municipalome Fund's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.68.

NAZ
29GF Score
Nuveen Arizona Quality Municipal Income Fund NAZ
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Nuveen Arizona 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 Arizona Quality Municipalome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2024 )
=(Operating Assets (A: Feb. 2024 )-Operating Liabilities (A: Feb. 2024 ))/Total Assets (A: Feb. 2023 )
=(235.829-89.965)/240.374
=0.61

where

Operating Assets(A: Feb. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=236.892 - 1.063
=235.829

Operating Liabilities(A: Feb. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=89.965 - 0 - 0
=89.965

Nuveen Arizona 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 )
=(243.807-91.487)/224.41
=0.68

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=244.023 - 0.216
=243.807

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=91.487 - 0 - 0
=91.487

* 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 0.68 mean?
Nuveen Arizona Quality Municipalome Fund (NAZ) has a Scaled Net Operating Assets of 0.68 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 Arizona Quality Municipalome Fund and its competitors.
Is Nuveen Arizona Quality Municipalome Fund's Scaled Net Operating Assets too high?
Nuveen Arizona Quality Municipalome Fund's current Scaled Net Operating Assets is 0.68. Overall, Nuveen Arizona Quality Municipalome Fund has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Arizona Quality Municipalome Fund's Scaled Net Operating Assets compare to GLQ and NNY?
Nuveen Arizona Quality Municipalome Fund's Scaled Net Operating Assets of 0.68 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 Arizona Quality Municipalome Fund and its competitors. Nuveen Arizona Quality Municipalome Fund's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Arizona Quality Municipalome Fund stock overvalued right now?
Nuveen Arizona Quality Municipalome Fund (NAZ) has a current Scaled Net Operating Assets of 0.68. The current Scaled Net Operating Assets is 0.68. Nuveen Arizona Quality Municipalome Fund's overall GF Score™ is 29/100 with 3 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 Arizona Quality Municipalome Fund (NAZ), the current Scaled Net Operating Assets is 0.68 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 Arizona Quality Municipalome Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Arizona Quality Municipal Income Fund is a closed-end management investment company. The Fund seeks to provide current income exempt from regular federal, New York State, and New York City income taxes, and from the federal alternative minimum tax for individuals, while enhancing portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds considered underrated, undervalued, or from undervalued municipal market sectors. It may invest in municipal securities such as lease obligations and certificates of participation, which provide an undivided interest in pools of municipal leases or installment purchase agreements.
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