Nuveen California AMT-Free Quality Municipal Income Fund

Nuveen California AMT-Free Quality Municipal Income Fundverified

NKX

Price:

$14.06

Market Cap:

$668.14M

Nuveen California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's...[Read more]

Industry

Asset Management - Income

IPO Date

2003-01-16

Stock Exchange

NYSE

Ticker

NKX

The Current Ratio as of September 2024 (TTM) for Nuveen California AMT-Free Quality Municipal Income Fund (NKX) is 4.32

According to Nuveen California AMT-Free Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 4.32. This represents a change of 17.15% compared to the average of 3.69 of the last 4 quarters.

Nuveen California AMT-Free Quality Municipal Income Fund (NKX) Historical Current Ratio (quarterly & annually)

How has NKX Current Ratio performed in the past?

The mean historical Current Ratio of Nuveen California AMT-Free Quality Municipal Income Fund over the last ten years is 3.48. The current 4.32 Current Ratio has changed 12.30% with respect to the historical average. Over the past ten years (40 quarters), NKX's Current Ratio was at its highest in in the August 2017 quarter at 12.29. The Current Ratio was at its lowest in in the November 2023 quarter at 0.29.

Quarterly (TTM)
Annual

Average

3.48

Median

2.97

Minimum

0.54

Maximum

8.27

Nuveen California AMT-Free Quality Municipal Income Fund (NKX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nuveen California AMT-Free 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 = 1.11%

Maximum Annual Current Ratio = 8.27

Minimum Annual Increase = -71.10%

Minimum Annual Current Ratio = 0.54

Quarterly (TTM)
Annual
YearCurrent RatioChange
20244.32-34.09%
20236.561.11%
20220.54-15.06%
20210.64-6.32%
20200.68-11.94%
20190.77-71.10%
20182.68-17.58%
20173.25-60.70%
20168.2716.19%
20157.12-4.91%

Nuveen California AMT-Free Quality Municipal Income Fund (NKX) Average Current Ratio

How has NKX Current Ratio performed in the past?

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

3-year avg

3.81

5-year avg

2.55

10-year avg

3.48

Nuveen California AMT-Free Quality Municipal Income Fund (NKX) Current Ratio vs. Peers

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

Nuveen California AMT-Free Quality Municipal Income Fund’s Current Ratio is less than BlackRock California Municipal Income Trust (0), greater than BlackRock MuniYield Quality Fund, Inc. (0.03), greater than BlackRock Municipal Income Fund, Inc. (1.03), greater than BlackRock MuniVest Fund, Inc. (0.03), greater than PIMCO California Municipal Income Fund II (1.56), greater than PIMCO California Municipal Income Fund (0), greater than Eaton Vance California Municipal Bond Fund (0), greater than Invesco California Value Municipal Income Trust (0.78), less than BlackRock MuniYield Fund, Inc. (7.02), greater than BlackRock MuniYield Quality Fund III, Inc. (0.30), greater than BlackRock MuniHoldings Quality Fund II, Inc. (0.12), greater than null (0.10),

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