NPFD (Nuveen Variable Rate Preferred&Income) Scaled Net Operating Assets: 0.89 (As of Jan. 2026)


NPFD Nuveen Variable Rate Preferred&Income NPFD
33 GF Score
Price $18.57
! 6 Warning Signs
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What is Nuveen Variable Rate Preferred&Income Scaled Net Operating Assets?

Nuveen Variable Rate Preferred&Income NPFD +0.27% 33 Scaled Net Operating Assets is 0.89 as of Jan. 2026. GuruFocus rates NPFD with a GF Score™ of 33/100. The stock has 6 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 Variable Rate Preferred&Income's operating assets for the quarter that ended in Jan. 2026 was $768.70 Mil. Nuveen Variable Rate Preferred&Income's operating liabilities for the quarter that ended in Jan. 2026 was $89.95 Mil. Nuveen Variable Rate Preferred&Income's Total Assets for the quarter that ended in Jul. 2025 was $765.19 Mil. Therefore, Nuveen Variable Rate Preferred&Income's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2026 was 0.89.

NPFD
33GF Score
Nuveen Variable Rate Preferred&Income NPFD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen Variable Rate Preferred&Income 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 Variable Rate Preferred&Income's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jul. 2025 )
=(Operating Assets (A: Jul. 2025 )-Operating Liabilities (A: Jul. 2025 ))/Total Assets (A: Jul. 2024 )
=(765.054-91.327)/773.741
=0.87

where

Operating Assets(A: Jul. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=765.194 - 0.14
=765.054

Operating Liabilities(A: Jul. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=280.451 - 189.124 - 0
=91.327

Nuveen Variable Rate Preferred&Income's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jan. 2026 )
=(Operating Assets (Q: Jan. 2026 )-Operating Liabilities (Q: Jan. 2026 ))/Total Assets (Q: Jul. 2025 )
=(768.699-89.947)/765.194
=0.89

where

Operating Assets(Q: Jan. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=768.699 - 0
=768.699

Operating Liabilities(Q: Jan. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=279.049 - 189.102 - 0
=89.947

* 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 0.89 mean?
Nuveen Variable Rate Preferred&Income (NPFD) has a Scaled Net Operating Assets of 0.89 as of Jan. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen Variable Rate Preferred&Income and its competitors.
Is Nuveen Variable Rate Preferred&Income's Scaled Net Operating Assets too high?
Nuveen Variable Rate Preferred&Income's current Scaled Net Operating Assets is 0.89. Overall, Nuveen Variable Rate Preferred&Income has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Variable Rate Preferred&Income's Scaled Net Operating Assets compare to FFA and ETB?
Nuveen Variable Rate Preferred&Income's Scaled Net Operating Assets of 0.89 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 Variable Rate Preferred&Income and its competitors. Nuveen Variable Rate Preferred&Income's current Scaled Net Operating Assets is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Variable Rate Preferred&Income stock overvalued right now?
Nuveen Variable Rate Preferred&Income (NPFD) has a current Scaled Net Operating Assets of 0.89. The current Scaled Net Operating Assets is 0.89. Nuveen Variable Rate Preferred&Income's overall GF Score™ is 33/100 with 6 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 Variable Rate Preferred&Income (NPFD), the current Scaled Net Operating Assets is 0.89 as of Jan. 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 Variable Rate Preferred&Income Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Variable Rate Preferred&Income is a diversified, closed-end management investment company. Its investment objective is to provide a high level of current income and total return. The fund invests a majority of its assets in variable-rate preferred securities and other variable-rate income-producing securities. The rest of its investments can be made in contingent capital securities or contingent convertible securities, convertible securities, corporate debt securities, U.S. government securities, residential and commercial mortgage-backed securities, fixed-rate preferred securities, senior loans and loan participations and assignments, sovereign debt instruments, debt securities issued by supranational agencies, and/or taxable and tax-exempt municipal bonds.
33GF Score

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