Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 42.62% is 23% above its 5-year average of 34.70%, near the high end of its 5-year range (0.11%–42.62%).
As of the fiscal period ended Sunday, August 31, 2025. 3.36% above its 12-month average of 41.23%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2025 (2025-08-31): 42.62%.
DEBT TO ASSETS RATIO
42.62%
DEBT TO ASSETS RATIO AVG TTM
41.23%
DEBT TO ASSETS RATIO AVG 3Y
33.93%
DEBT TO ASSETS RATIO AVG 5Y
34.70%
DEBT TO ASSETS RATIO AVG 10Y
36.67%
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+3.36%
CURRENT VS 3Y AVG
+25.61%
CURRENT VS 5Y AVG
+22.80%
CURRENT VS 10Y AVG
+16.23%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
0.11%
median of 114 covered companies
CURRENT VS SECTOR MEDIAN
+38641.82%
vs the sector median at left
Nuveen California Quality Municipal Income Fund
Market Cap
$1.60B
Debt to Assets Ratio
42.62%
TTM Avg
41.23%
3Y Avg
33.93%
5Y Avg
34.70%
Market Cap
$2.40B
Debt to Assets Ratio
0.42%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$733.26M
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$717.55M
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$645.66M
Debt to Assets Ratio
0.36%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$561.69M
Debt to Assets Ratio
0.43%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nuveen California Quality Municipal Income Fund (NAC) | $1.60B | 42.62% | 41.23% | 33.93% | 34.70% |
| Lufax Holding Ltd (LU)vs › | $892.08M | 0.36% | N/A | N/A | N/A |
| Nuveen Quality Municipal Income Fund (NAD)vs › | $2.40B | 0.42% | N/A | N/A | N/A |
| Inter & Co, Inc. (INTR)vs › | $2.42B | 0.32% | N/A | N/A | N/A |
| Washington Trust Bancorp, Inc. (WASH)vs › | $733.26M | 0.08% | N/A | N/A | N/A |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $717.55M | N/A | N/A | N/A | N/A |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $645.66M | 0.36% | N/A | N/A | N/A |
| Hypoport SE (HYPOF)vs › | $630.67M | 0.24% | N/A | N/A | N/A |
| Nuveen California AMT-Free Quality Municipal Income Fund (NKX)vs › | $561.69M | 0.43% | N/A | N/A | N/A |
| PIMCO California Municipal Income Fund (PCQ)vs › | $435.31M | 0.31% | N/A | N/A | N/A |
Debt/Assets
42.6%
Debt/Equity
0.75
Current Ratio
12.09
Interest Coverage
-1.5x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2025-08-31 | 42.62% |
| 2024-08-31 | 39.85% |
| 2024-02-29 | 39.69% |
| 2023-08-31 | 41.06% |
| 2023-02-28 | 0.11% |
| 2022-08-31 | 40.24% |
| 2022-02-28 | 36.90% |
| 2021-08-31 | 35.20% |
| 2021-02-28 | 35.54% |
| 2020-08-31 | 35.83% |
| 2020-02-29 | 34.99% |
| 2019-08-31 | 35.37% |
| 2019-02-28 | 37.53% |
| 2018-08-31 | 0.40% |
| 2018-02-28 | 0.37% |
| 2017-08-31 | 0.23% |
| 2017-02-28 | 33.83% |
| 2016-08-31 | 34.33% |
| 2016-02-29 | 31.24% |
| 2015-08-31 | 32.43% |
| 2015-02-28 | 31.49% |
| 2014-08-31 | 32.49% |
| 2014-02-28 | 34.02% |
| 2013-08-31 | 35.78% |
| 2013-02-28 | 29.94% |
| 2012-08-31 | 0.00% |
