Nuveen Municipal Income Fund, Inc.

Nuveen Municipal Income Fund, Inc.verified

NMI

Price:

$10.1962

Market Cap:

$102.48M

Nuveen Municipal Income Fund, Inc. 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 the United States. The fund primarily invests in municipal obligations issued by state and local government authorities. Its investment portfolio comprises investment in companies operating in various industries, including healthcare, materials, education and civic organizations, and consumer staples. Nuveen Municipal Income Fund was formed on April 20, 1988 and is based in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

1988-05-04

Stock Exchange

NYSE

Ticker

NMI

The Current Ratio as of September 2024 (TTM) for Nuveen Municipal Income Fund, Inc. (NMI) is 1.80

According to Nuveen Municipal Income Fund, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.80. This represents a change of -36.14% compared to the average of 2.83 of the last 4 quarters.

Nuveen Municipal Income Fund, Inc. (NMI) Historical Current Ratio (quarterly & annually)

How has NMI Current Ratio performed in the past?

The mean historical Current Ratio of Nuveen Municipal Income Fund, Inc. over the last ten years is 1.70. The current 1.80 Current Ratio has changed 10.54% with respect to the historical average. Over the past ten years (40 quarters), NMI's Current Ratio was at its highest in in the October 2006 quarter at 15.00. The Current Ratio was at its lowest in in the October 2005 quarter at 0.

Quarterly (TTM)
Annual

Average

1.70

Median

1.11

Minimum

0.53

Maximum

6.08

Nuveen Municipal Income Fund, Inc. (NMI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nuveen Municipal Income Fund, Inc. 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 = 537.09%

Maximum Annual Current Ratio = 6.08

Minimum Annual Increase = -71.70%

Minimum Annual Current Ratio = 0.53

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.11-41.72%
20221.91-3.41%
20211.9714.71%
20201.72-71.70%
20196.08537.09%
20180.95-14.59%
20171.1253.87%
20160.73-13.94%
20150.8460.37%
20140.53-37.92%

Nuveen Municipal Income Fund, Inc. (NMI) Average Current Ratio

How has NMI Current Ratio performed in the past?

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

3-year avg

1.66

5-year avg

2.56

10-year avg

1.70

Nuveen Municipal Income Fund, Inc. (NMI) Current Ratio vs. Peers

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

Nuveen Municipal Income Fund, Inc.’s Current Ratio is less than Eaton Vance New York Municipal Income Trust (17.31), greater than Western Asset Investment Grade Income Fund Inc. (0), less than Eaton Vance New York Municipal Bond Fund (2.34), less than Nuveen New York Quality Municipal Income Fund (9.85), greater than Nuveen AMT-Free Municipal Value Fund (0), greater than PIMCO New York Municipal Income Fund (0), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (1.37), less than Nuveen New York Municipal Value Fund (12.29), greater than Northern Trust Corporation (1.75), greater than Liberty All-Star Equity Fund (0), greater than Goldman Sachs BDC, Inc. (1.29), greater than Neuberger Berman Municipal Fund Inc. (0), greater than PIMCO New York Municipal Income Fund III (0), greater than Delaware Investments National Municipal Income Fund (0), less than Invesco Trust for Investment Grade New York Municipals (3.16), greater than PIMCO New York Municipal Income Fund II (0), greater than BlackRock New York Municipal Income Trust (1.34),

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