Debt to Assets Ratio: 39.47%
Is the debt to assets ratio high or low?
The debt to assets ratio of 39.47% is 118% above its 5-year average of 18.08%, near the high end of its 5-year range (0.01%–40.78%).
As of Monday, June 29, 2026. 48.91% above its 12-month average of 26.51%.
NMS Debt to Assets Ratio
Reported quarterly debt to assets ratio; no daily interpolation.
NMS Average Debt to Assets Ratio Chart
NMS Current vs Average Debt to Assets Ratio Chart
NMS Debt to Assets Ratio Metrics
DEBT TO ASSETS RATIO
39.47%
DEBT TO ASSETS RATIO AVG TTM
26.51%
DEBT TO ASSETS RATIO AVG 3Y
22.83%
DEBT TO ASSETS RATIO AVG 5Y
18.08%
DEBT TO ASSETS RATIO AVG 10Y
N/A
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+48.91%
CURRENT VS 3Y AVG
+72.93%
CURRENT VS 5Y AVG
+118.29%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
NMS Competitors' Debt to Assets Ratio
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nuveen Minnesota Quality Municipal Income Fund (NMS) | $74.78M | 39.47% | 26.51% | 22.83% | 18.08% |
| Global X - MSCI Colombia ETF (COLO)vs › | $126.82M | N/A | N/A | N/A | N/A |
| CYBER HORNET S&P 500 and Bitcoin 75/25 Strategy ETF (ZZZ)vs › | $5.89M | N/A | N/A | N/A | N/A |
| Blackrock 2037 Municipal Target Term Trust (BMN)vs › | $157.50M | N/A | N/A | N/A | N/A |
| DeFi Technologies Inc. (DEFT)vs › | $157.96M | 0.01% | N/A | N/A | N/A |
| The New Germany Fund, Inc. (GF)vs › | $186.66M | 0.12% | N/A | N/A | N/A |
| Franklin Universal Trust (FT)vs › | $202.31M | 0.22% | N/A | N/A | N/A |
| Isabella Bank Corporation (ISBA)vs › | $294.33M | 0.06% | N/A | N/A | N/A |
| BlackRock Floating Rate Income Trust (BGT)vs › | $313.76M | 0.16% | N/A | N/A | N/A |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $529.65M | 0.29% | N/A | N/A | N/A |
Leverage Ratios Comparison
Debt/Assets
39.5%
Debt/Equity
0.00
Current Ratio
3.56
Interest Coverage
-0.1x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
- Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
- Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
- Both measure leverage but from different perspectives
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt to Assets Ratio Formula & Definition
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
Debt to Assets Ratio FAQ
- What is the debt to assets ratio for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The debt to assets ratio for NMS stock is 39.47%.
- Is Nuveen Minnesota Quality Municipal Income Fund's debt to assets ratio high or low?
- The debt to assets ratio of 39.47% is 118% above its 5-year average of 18.08%, near the high end of its 5-year range (0.01%–40.78%).
- What is the TTM average debt to assets ratio for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The TTM average debt to assets ratio for NMS stock is 26.51%.
- What is the 3Y average debt to assets ratio for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The 3Y average debt to assets ratio for NMS stock is 22.83%.
- What is the 5Y average debt to assets ratio for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The 5Y average debt to assets ratio for NMS stock is 18.08%.
NMS Debt to Assets Ratio History
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2025-11-30 | 39.47% |
| 2025-05-31 | 0.05% |
| 2024-11-30 | 40.01% |
| 2024-05-31 | 40.78% |
| 2023-11-30 | 39.41% |
| 2023-05-31 | 0.03% |
| 2022-11-30 | 0.03% |
| 2022-05-31 | 38.93% |
| 2021-11-30 | 0.03% |
| 2021-05-31 | 0.01% |
| 2020-11-30 | 0.15% |
| 2020-05-31 | 37.91% |
| 2019-11-30 | 36.81% |
| 2019-05-31 | 37.33% |
| 2018-11-30 | 0.00% |
| 2018-05-31 | 0.00% |
| 2017-11-30 | 0.27% |
About Nuveen Minnesota Quality Municipal Income Fund
The Nuveen Minnesota Quality Municipal Income Fund (NMS) operates as a closed-end mutual fund, focusing on fixed income assets, initially launched by Nuveen Investments, Inc. Its management responsibilities are jointly handled by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets across the United States. A core part of its strategy involves investing in investment-grade municipal bonds that provide exemptions from regular federal and Minnesota personal income taxes. To ensure quality, the fund targets securities with a credit rating of at least Baa/BBB or better, as assessed by S&P, Moody's, or Fitch. This fund, formerly recognized as the Nuveen Minnesota Municipal Income Fund, was established on June 25, 1993, and is domiciled in the United States.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- CEO
- Christopher L. Drahn