Debt to Equity Ratio: 0.68
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.68 is 121% above its 5-year average of 0.31, near the high end of its 5-year range (0.00–0.69).
As of Monday, June 29, 2026. 50.41% above its 12-month average of 0.45.
NMS Debt to Equity Ratio
Reported quarterly debt to equity ratio; no daily interpolation.
NMS Average Debt to Equity Ratio Chart
NMS Current vs Average Debt to Equity Ratio Chart
NMS Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.68
DEBT TO EQUITY RATIO AVG TTM
0.45
DEBT TO EQUITY RATIO AVG 3Y
0.39
DEBT TO EQUITY RATIO AVG 5Y
0.31
DEBT TO EQUITY RATIO AVG 10Y
N/A
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+50.41%
CURRENT VS 3Y AVG
+75.67%
CURRENT VS 5Y AVG
+121.02%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
NMS Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nuveen Minnesota Quality Municipal Income Fund (NMS) | $74.78M | 0.68 | 0.45 | 0.39 | 0.31 |
| 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 | 0.04 | 0.32 | 1.41 | 0.94 |
| The New Germany Fund, Inc. (GF)vs › | $186.66M | 0.13 | 0.09 | 0.04 | 0.03 |
| Franklin Universal Trust (FT)vs › | $202.31M | 0.28 | 0.29 | 0.31 | 0.31 |
| Isabella Bank Corporation (ISBA)vs › | $294.33M | 0.62 | 0.58 | 0.55 | 0.57 |
| BlackRock Floating Rate Income Trust (BGT)vs › | $313.76M | 0.20 | 0.20 | 0.27 | 0.33 |
| BlackRock Multi-Sector Income Trust (BIT)vs › | $529.65M | 0.42 | 0.51 | 0.52 | 0.53 |
Financial Health
Debt/Equity
0.68
Current Ratio
3.56
Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The debt to equity ratio for NMS stock is 0.68.
- Is Nuveen Minnesota Quality Municipal Income Fund's debt to equity ratio high or low?
- The debt to equity ratio of 0.68 is 121% above its 5-year average of 0.31, near the high end of its 5-year range (0.00–0.69).
- What is the TTM average debt to equity ratio for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The TTM average debt to equity ratio for NMS stock is 0.45.
- What is the 3Y average debt to equity ratio for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The 3Y average debt to equity ratio for NMS stock is 0.39.
- What is the 5Y average debt to equity ratio for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The 5Y average debt to equity ratio for NMS stock is 0.31.
NMS Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-11-30 | 0.68 |
| 2025-05-31 | 0.00 |
| 2024-11-30 | 0.67 |
| 2024-05-31 | 0.69 |
| 2023-11-30 | 0.65 |
| 2023-05-31 | 0.00 |
| 2022-11-30 | 0.00 |
| 2022-05-31 | 0.67 |
| 2021-11-30 | 0.00 |
| 2021-05-31 | 0.00 |
| 2020-11-30 | 0.00 |
| 2020-05-31 | 0.62 |
| 2019-11-30 | 0.59 |
| 2019-05-31 | 0.60 |
| 2018-11-30 | 0.00 |
| 2018-05-31 | 0.00 |
| 2017-11-30 | 0.00 |
Related Metrics
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