The historical rank and industry rank for Nuveen Municipal Credit Opps Fund's Equity-to-Asset or its related term are showing as below:
NMCO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.59 Max: 0.95
Current: 0.52
During the past 5 years, the highest Equity to Asset Ratio of Nuveen Municipal Credit Opps Fund was 0.95. The lowest was 0.52. And the median was 0.59.
NMCO's Equity-to-Asset is ranked worse than 81.5% of 1724
companies
in the Asset Management industry
Industry Median: 0.83
vs NMCO: 0.52
Nuveen Municipal Credit Opps Fund Equity-to-Asset Historical Data
* 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 Municipal Credit Opps Fund Equity-to-Asset Chart
Nuveen Municipal Credit Opps Fund Annual Data
Trend
Oct19
Oct20
Oct21
Oct22
Oct23
Equity-to-Asset
0.95
0.59
0.63
0.55
0.52
Nuveen Municipal Credit Opps Fund Semi-Annual Data
Competitive Comparison of Nuveen Municipal Credit Opps Fund's Equity-to-Asset
For the Asset Management subindustry, Nuveen Municipal Credit Opps Fund's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Municipal Credit Opps Fund's Equity-to-Asset Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Municipal Credit Opps Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nuveen Municipal Credit Opps Fund's Equity-to-Asset falls into.
Nuveen Municipal Credit Opps Fund Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
* 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 Municipal Credit Opps Fund (NYSE:NMCO) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Nuveen Municipal Credit Opps Fund Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Nuveen Municipal Credit Opps Fund's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Nuveen Municipal Credit Opps Fund (Nuveen Municipal Credit Opps Fund) Business Description
Nuveen Municipal Credit Opps Fund is a closed-end fund. The fund's objective is to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. It invests in high yielding, low-to medium-quality municipal securities and uses leverage.
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