NXJ (Nuveen New Jersey Quality Municipalome Fund) Scaled Net Operating Assets: 0.54 (As of Aug. 2025)


NXJ Nuveen New Jersey Quality Municipal Income Fund NXJ
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What is Nuveen New Jersey Quality Municipalome Fund Scaled Net Operating Assets?

Nuveen New Jersey Quality Municipalome Fund NXJ 12 Scaled Net Operating Assets is 0.54 as of Aug. 2025. GuruFocus rates NXJ with a GF Score™ of 12/100. 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 New Jersey Quality Municipalome Fund's operating assets for the quarter that ended in Aug. 2025 was $885.75 Mil. Nuveen New Jersey Quality Municipalome Fund's operating liabilities for the quarter that ended in Aug. 2025 was $380.73 Mil. Nuveen New Jersey Quality Municipalome Fund's Total Assets for the quarter that ended in Feb. 2025 was $932.53 Mil. Therefore, Nuveen New Jersey Quality Municipalome Fund's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2025 was 0.54.

NXJ
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Nuveen New Jersey Quality Municipal Income Fund NXJ
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Nuveen New Jersey 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 New Jersey 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 )
=(885.746-380.727)/966.966
=0.52

where

Operating Assets(A: Aug. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=885.946 - 0.2
=885.746

Operating Liabilities(A: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=380.727 - 0 - 0
=380.727

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

Scaled Net Operating Assets (SNOA)(Q: Aug. 2025 )
=(Operating Assets (Q: Aug. 2025 )-Operating Liabilities (Q: Aug. 2025 ))/Total Assets (Q: Feb. 2025 )
=(885.746-380.727)/932.527
=0.54

where

Operating Assets(Q: Aug. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=885.946 - 0.2
=885.746

Operating Liabilities(Q: Aug. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=380.727 - 0 - 0
=380.727

* 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 0.54 mean?
Nuveen New Jersey Quality Municipalome Fund (NXJ) has a Scaled Net Operating Assets of 0.54 as of Aug. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nuveen New Jersey Quality Municipalome Fund and its competitors.
Is Nuveen New Jersey Quality Municipalome Fund's Scaled Net Operating Assets too high?
Nuveen New Jersey Quality Municipalome Fund's current Scaled Net Operating Assets is 0.54. Overall, Nuveen New Jersey Quality Municipalome Fund has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen New Jersey Quality Municipalome Fund's Scaled Net Operating Assets compare to BME and THW?
Nuveen New Jersey Quality Municipalome Fund's Scaled Net Operating Assets of 0.54 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 New Jersey Quality Municipalome Fund and its competitors. Nuveen New Jersey Quality Municipalome Fund's current Scaled Net Operating Assets is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen New Jersey Quality Municipalome Fund stock overvalued right now?
Nuveen New Jersey Quality Municipalome Fund (NXJ) has a current Scaled Net Operating Assets of 0.54. The current Scaled Net Operating Assets is 0.54. Nuveen New Jersey Quality Municipalome Fund's overall GF Score™ is 12/100 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 New Jersey Quality Municipalome Fund (NXJ), the current Scaled Net Operating Assets is 0.54 as of Aug. 2025. 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 New Jersey Quality Municipalome Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen New Jersey Quality Municipal Income Fund is a closed-end investment management 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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