As of June 19, 2025, Nuveen California Quality Municipal Income Fund (NAC) reports a Current Ratio of 3.09.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Nuveen California Quality Municipal Income Fund's Current Ratio
Over recent years, Nuveen California Quality Municipal Income Fund's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-02-29 | 3.09 |
| 2023-02-28 | 3.09 |
| 2022-02-28 | 2.27 |
| 2021-02-28 | 1.68 |
| 2020-02-29 | 2.21 |
This slight upward trend highlights how Nuveen California Quality Municipal Income Fund manages its short-term assets and liabilities over time.
Comparing Nuveen California Quality Municipal Income Fund's Current Ratio to Peers
To better understand Nuveen California Quality Municipal Income Fund's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Nuveen California Quality Municipal Income Fund (NAC) | 3.09 |
| Calamos Convertible and High Income Fund (CHY) | 6.30 |
| abrdn Asia-Pacific Income Fund Inc (FAX) | 3.06 |
| Nuveen Quality Municipal Income Fund (NAD) | 2.83 |
| Adams Diversified Equity Fund Inc (ADX) | 2.77 |
| Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) | 2.62 |
Compared to its competitors, Nuveen California Quality Municipal Income Fund's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.