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Nuveen Real Assetome and Growth Fund (Nuveen Real Assetome and Growth Fund) Debt-to-Equity : 0.41 (As of Dec. 2023)


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What is Nuveen Real Assetome and Growth Fund Debt-to-Equity?

Nuveen Real Assetome and Growth Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Nuveen Real Assetome and Growth Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $153.74 Mil. Nuveen Real Assetome and Growth Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $375.32 Mil. Nuveen Real Assetome and Growth Fund's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Nuveen Real Assetome and Growth Fund's Debt-to-Equity or its related term are showing as below:

JRI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38   Med: 0.41   Max: 0.48
Current: 0.41

During the past 7 years, the highest Debt-to-Equity Ratio of Nuveen Real Assetome and Growth Fund was 0.48. The lowest was 0.38. And the median was 0.41.

JRI's Debt-to-Equity is ranked worse than
67.55% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs JRI: 0.41

Nuveen Real Assetome and Growth Fund Debt-to-Equity Historical Data

The historical data trend for Nuveen Real Assetome and Growth Fund's Debt-to-Equity can be seen below:

* 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.

* Premium members only.

Nuveen Real Assetome and Growth Fund Debt-to-Equity Chart

Nuveen Real Assetome and Growth Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.40 0.38 0.41 0.45 0.41

Nuveen Real Assetome and Growth Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 0.46 0.45 0.43 0.41

Competitive Comparison of Nuveen Real Assetome and Growth Fund's Debt-to-Equity

For the Asset Management subindustry, Nuveen Real Assetome and Growth Fund's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nuveen Real Assetome and Growth Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Real Assetome and Growth Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nuveen Real Assetome and Growth Fund's Debt-to-Equity falls into.


Nuveen Real Assetome and Growth Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nuveen Real Assetome and Growth Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 153.74) / 375.319
=0.41

Nuveen Real Assetome and Growth Fund's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 153.74) / 375.319
=0.41

* 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 Real Assetome and Growth Fund  (NYSE:JRI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Nuveen Real Assetome and Growth Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nuveen Real Assetome and Growth Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nuveen Real Assetome and Growth Fund (Nuveen Real Assetome and Growth Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Real Asset Income and Growth Fund (NYSE:JRI) » Definitions » Debt-to-Equity
Comparable Companies
CPZ MHN WHF AWP ASG ASA TDF FOF FEN PFL BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Website
https://www.nuveen.com
Nuveen Real Asset Income and Growth Fund is the United States-based closed-end fund. Its objective is to provide a high level of current income and long-term capital appreciation. The fund invests a majority of its managed assets in equity and debt securities issued by real asset related companies located anywhere in the world. Its strategy involves investments primarily in five security types, global infrastructure common stock, real estate investment trust (REIT) common stock, global infrastructure preferred stock and hybrids, REIT preferred stock and debt securities.
Executives
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Ben Kerl other: Portfolio Manager 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Deann Morgan officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Gifford R Zimmerman officer: Chief Administrative Officer 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
E. Scott Wickerham officer: Vice President C/O NUVEEN, STE 3400, CHICAGO IL 60606
Jean Lin other: Portfolio Manager 333 W WACKER DR, C/O NUVEEN STE 3400, CHICAGO IL 60606
Jeffrey T Schmitz other: Portfolio Manager