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Nuveen Preferred &ome Opportunities Fund (Nuveen Preferred &ome Opportunities Fund) Debt-to-Equity : 0.44 (As of Jan. 2024)


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What is Nuveen Preferred &ome Opportunities Fund Debt-to-Equity?

Nuveen Preferred &ome Opportunities Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.0 Mil. Nuveen Preferred &ome Opportunities Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1,111.7 Mil. Nuveen Preferred &ome Opportunities Fund's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2,515.2 Mil. Nuveen Preferred &ome Opportunities Fund's debt to equity for the quarter that ended in Jan. 2024 was 0.44.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Nuveen Preferred &ome Opportunities Fund's Debt-to-Equity or its related term are showing as below:

JPC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4   Med: 0.55   Max: 0.6
Current: 0.44

During the past 6 years, the highest Debt-to-Equity Ratio of Nuveen Preferred &ome Opportunities Fund was 0.60. The lowest was 0.40. And the median was 0.55.

JPC's Debt-to-Equity is ranked worse than
70.46% of 1019 companies
in the Asset Management industry
Industry Median: 0.19 vs JPC: 0.44

Nuveen Preferred &ome Opportunities Fund Debt-to-Equity Historical Data

The historical data trend for Nuveen Preferred &ome Opportunities Fund's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nuveen Preferred &ome Opportunities Fund Debt-to-Equity Chart

Nuveen Preferred &ome Opportunities Fund Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Debt-to-Equity
Get a 7-Day Free Trial 0.54 0.56 0.55 0.57 0.60

Nuveen Preferred &ome Opportunities Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.60 0.60 0.40 0.44

Competitive Comparison of Nuveen Preferred &ome Opportunities Fund's Debt-to-Equity

For the Asset Management subindustry, Nuveen Preferred &ome Opportunities Fund's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nuveen Preferred &ome Opportunities Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Preferred &ome Opportunities Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nuveen Preferred &ome Opportunities Fund's Debt-to-Equity falls into.


Nuveen Preferred &ome Opportunities Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nuveen Preferred &ome Opportunities Fund's Debt to Equity Ratio for the fiscal year that ended in Jul. 2022 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 525.719) / 884.062
=0.59

Nuveen Preferred &ome Opportunities Fund's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 1111.719) / 2515.205
=0.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuveen Preferred &ome Opportunities Fund  (NYSE:JPC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Nuveen Preferred &ome Opportunities Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nuveen Preferred &ome Opportunities Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nuveen Preferred &ome Opportunities Fund (Nuveen Preferred &ome Opportunities Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) » Definitions » Debt-to-Equity
Comparable Companies
THQ MYI EIM PHK NXP BSIG JQC CRF DLY TCPC BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Website
https://www.nuveen.com
Nuveen Preferred & Income Opportunities Fund is a diversified closed-end management investment company. Its investment objective is to provide high current income and total return. It invests its managed assets in preferred securities, and in other types of securities, primarily income-oriented securities such as corporate and taxable municipal debt and common equity.
Executives
Jack Evans other: Trustee 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Nathaniel T. Jones officer: Vice President and Treasurer C/O NUVEEN 333 W. WACKER DRIVE, STE 3400, CHICAGO IL 60606
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Deann Morgan officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
E. Scott Wickerham officer: Vice President C/O NUVEEN, STE 3400, CHICAGO IL 60606
Huffman William T. Jr. officer: President of NAM, LLC C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, STE. 3300, CHICAGO IL 60606
Demark L Winget officer: Vice President C/O NUVEEN INVESTMENTS, 333 W WACKER DRIVE, CHICAGO IL 60606