Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fundverified

NAC

Price:

$11.41

Market Cap:

$1.65B

Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. It primarily invests in securities that are rated Baa or BBB or better by Moody's Investors Service, Inc. or Standard & Poor's, and have an average maturity of 20.96 years. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. It benc...[Read more]

Industry

Asset Management - Income

IPO Date

1999-05-26

Stock Exchange

NYSE

Ticker

NAC

The Current Ratio as of November 2024 (TTM) for Nuveen California Quality Municipal Income Fund (NAC) is 2.72

According to Nuveen California Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 2.72. This represents a change of -3.42% compared to the average of 2.82 of the last 4 quarters.

Nuveen California Quality Municipal Income Fund (NAC) Historical Current Ratio (quarterly & annually)

How has NAC Current Ratio performed in the past?

The mean historical Current Ratio of Nuveen California Quality Municipal Income Fund over the last ten years is 1.44. The current 2.72 Current Ratio has changed 18.86% with respect to the historical average. Over the past ten years (40 quarters), NAC's Current Ratio was at its highest in in the August 2021 quarter at 3.75. The Current Ratio was at its lowest in in the November 2012 quarter at 0.31.

Quarterly (TTM)
Annual

Average

1.44

Median

1.07

Minimum

0.36

Maximum

3.11

Nuveen California Quality Municipal Income Fund (NAC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nuveen California Quality Municipal Income Fund Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 80.42%

Maximum Annual Current Ratio = 3.11

Minimum Annual Increase = -12.52%

Minimum Annual Current Ratio = 0.36

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.72-12.42%
20233.1136.71%
20222.2748.40%
20211.5340.88%
20201.093.80%
20191.0514.26%
20180.9237.91%
20170.662.46%
20160.6580.42%
20150.36-12.52%

Nuveen California Quality Municipal Income Fund (NAC) Average Current Ratio

How has NAC Current Ratio performed in the past?

The current Current Ratio of Nuveen California Quality Municipal Income Fund (NAC) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.70

5-year avg

2.14

10-year avg

1.44

Nuveen California Quality Municipal Income Fund (NAC) Current Ratio vs. Peers

How is NAC’s Current Ratio compared to its peers?

Nuveen California Quality Municipal Income Fund’s Current Ratio is greater than Nuveen California AMT-Free Quality Municipal Income Fund (0.30), less than Nuveen California Municipal Value Fund (3.22), greater than BlackRock MuniHoldings California Quality Fund, Inc. (-0.37), greater than Invesco California Value Municipal Income Trust (0), greater than BlackRock California Municipal Income Trust (1.37),

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