Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fundverified

NAZ

Price:

$11.78

Market Cap:

$136.57M

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) Arizona Municipal Bond Index and Standard & Poor's (S&P) National Mu...[Read more]

Industry

Asset Management - Income

IPO Date

1992-11-19

Stock Exchange

NYSE

Ticker

NAZ

The Current Ratio as of September 2024 (TTM) for Nuveen Arizona Quality Municipal Income Fund (NAZ) is 2.74

According to Nuveen Arizona Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 2.74. This represents a change of 40.69% compared to the average of 1.95 of the last 4 quarters.

Nuveen Arizona Quality Municipal Income Fund (NAZ) Historical Current Ratio (quarterly & annually)

How has NAZ Current Ratio performed in the past?

The mean historical Current Ratio of Nuveen Arizona Quality Municipal Income Fund over the last ten years is 2.59. The current 2.74 Current Ratio has changed 10.49% with respect to the historical average. Over the past ten years (40 quarters), NAZ's Current Ratio was at its highest in in the August 2017 quarter at 9.70. The Current Ratio was at its lowest in in the November 2020 quarter at 0.23.

Quarterly (TTM)
Annual

Average

2.59

Median

1.73

Minimum

0.23

Maximum

9.47

Nuveen Arizona Quality Municipal Income Fund (NAZ) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nuveen Arizona 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 = 1.82%

Maximum Annual Current Ratio = 9.47

Minimum Annual Increase = -80.65%

Minimum Annual Current Ratio = 0.23

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.74-71.04%
20239.471.82%
20220.49116.11%
20210.23-10.27%
20200.25-15.97%
20190.30-80.65%
20181.56-17.72%
20171.90-54.97%
20164.21-10.92%
20154.73-20.28%

Nuveen Arizona Quality Municipal Income Fund (NAZ) Average Current Ratio

How has NAZ Current Ratio performed in the past?

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

3-year avg

4.23

5-year avg

2.64

10-year avg

2.59

Nuveen Arizona Quality Municipal Income Fund (NAZ) Current Ratio vs. Peers

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

Nuveen Arizona Quality Municipal Income Fund’s Current Ratio is greater than GCM Grosvenor Inc. (1.47), less than Nuveen Intermediate Duration Quality Municipal Term Fund (3.92), greater than Nuveen Municipal Income Fund, Inc. (1.80), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than Apollo Tactical Income Fund Inc. (8.00), greater than Abrdn Emerging Markets Equity Income Fund Inc (0), greater than Abrdn Global Dynamic Dividend Fund (0.77), greater than BNY Mellon Municipal Income, Inc. (0), less than MFS Investment Grade Municipal Trust (3.11), greater than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than Invesco High Income 2024 Target Term Fund (0), greater than Eaton Vance National Municipal Opportunities Trust (0), less than Federated Hermes Premier Municipal Income Fund (4.36), greater than John Hancock Investments - John Hancock Tax-Advantaged Global Shareholder Yield Fund (1.97), greater than Miller/Howard High Income Equity Fund (0), greater than Legg Mason BW Global Income Opportunities Fund Inc. (0), greater than Virtus Global Multi-Sector Income Fund (0), greater than Pioneer Municipal High Income Opportunities Fund, Inc. (1.77), less than MFS High Yield Municipal Trust (4.15), less than MFS High Income Municipal Trust (4.29), greater than BlackRock MuniHoldings Quality Fund II, Inc. (0.10), greater than MFS Charter Income Trust (0.08), greater than Putnam Premier Income Trust (0.28),

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