RiverNorth Flexible Municipal Income Fund II, Inc.

RiverNorth Flexible Municipal Income Fund II, Inc.verified

RFMZ

Price:

$13.976

Market Cap:

$340.34M

RiverNorth Flexible Municipal Income Fund II, Inc. operates as a closed-end management investment fund company. The Fund’s primary investment objective is current income exempt from regular U.S. federal income taxes and secondary investment objective is total return. The company was founded in June 11, 2020 and is headquartered in West Palm Beach, FL.[Read more]

Industry

Asset Management

IPO Date

2021-02-24

Stock Exchange

NYSE

Ticker

RFMZ

The Current Ratio as of November 2024 (TTM) for RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) is 2.36

According to RiverNorth Flexible Municipal Income Fund II, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.36. This represents a change of 24.72% compared to the average of 1.89 of the last 4 quarters.

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) Historical Current Ratio (quarterly & annually)

How has RFMZ Current Ratio performed in the past?

The mean historical Current Ratio of RiverNorth Flexible Municipal Income Fund II, Inc. over the last ten years is 1.41. The current 2.36 Current Ratio has changed 16.58% with respect to the historical average. Over the past ten years (40 quarters), RFMZ's Current Ratio was at its highest in in the December 2021 quarter at 6.17. The Current Ratio was at its lowest in in the June 2022 quarter at 0.94.

Quarterly (TTM)
Annual

Average

1.41

Median

1.56

Minimum

0.17

Maximum

2.36

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) Current Ratio by Quarter and Year

Discovering the peaks and valleys of RiverNorth Flexible Municipal Income Fund II, 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 = 455.10%

Maximum Annual Current Ratio = 2.36

Minimum Annual Increase = 0%

Minimum Annual Current Ratio = 0.17

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.368.08%
20232.18130.91%
20220.94455.10%

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) Average Current Ratio

How has RFMZ Current Ratio performed in the past?

The current Current Ratio of RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.83

5-year avg

1.41

10-year avg

1.41

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) Current Ratio vs. Peers

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

RiverNorth Flexible Municipal Income Fund II, Inc.’s Current Ratio is greater than RiverNorth Flexible Municipal Income Fund, Inc. (0), greater than BlackRock MuniHoldings New York Quality Fund, Inc. (0.34), less than Puyi Inc. (7.66), greater than Virtus Convertible & Income 2024 Target Term Fund (2.04), less than MFS Investment Grade Municipal Trust (3.11), greater than BlackRock MuniVest Fund, Inc. (0), greater than BlackRock MuniHoldings Quality Fund II, Inc. (-1.40), greater than DWS Municipal Income Trust (0.52), greater than BlackRock MuniHoldings Fund, Inc. (0.31), less than Nuveen California Select Tax-Free Income Portfolio (3.14), 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 DTF Tax-Free Income 2028 Term Fund Inc. (1.46), greater than John Hancock Income Securities Trust (0),

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