Nuveen Arizona Quality Municipal Income Fund Financial Ratios — NAZ

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2011	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	08/31/2025

Return on Common Equity (%)	- -	- -	- -	-382.7	1,147.08	671.49	-7.32	2,118.46	165.73	139.45	4.49	2.13	- -	- -	- -
Return on Assets (%)	- -	11.42	6.54	-3.45	7.63	3.59	-0.02	2.23	2.5	8.09	0.34	0.12	-7.42	3.58	-3.17
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	16.63	9.34	- -	11.38	5.31	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	98.58	96.58	105.34	98.93	98.48	-55.9	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	98.58	96.58	105.34	98.93	98.48	-55.9	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	98.06	98.58	101.82	100.64	100.38	99.35	- -	0.97	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	98.58	96.58	105.34	98.93	98.48	-55.9	96.78	94.47	99.17	83.88	65.62	100.9	98.17	102.68
Profit Margin (%)	- -	98.22	96.58	105.34	98.93	98.48	-55.9	96.78	94.47	99.17	83.88	65.62	100.9	98.17	102.68
Net Income to Common Margin (%)	- -	97.85	96.58	105.34	98.93	98.48	-55.9	96.78	94.47	99.17	83.88	65.62	100.9	98.17	102.68
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	32.15	53.13	-126.85	47.79	98.71	-15,259.57	129.02	94.31	27.23	692.76	2,143.8	-32.55	53.18	-135.77
Sustainable Growth Rate (%)	- -	- -	- -	-868.17	598.93	8.7	-1,123.66	-614.7	9.43	101.47	-26.6	-43.62	- -	- -	- -

Credit (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2011	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	08/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
Total Debt/EBITDA	- -	0.01	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	-0.03	0.31	-0.07	-0.08	15.99	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	0.01	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	-0.03	0.31	-0.07	-0.08	15.99	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-4.11	-1.99	1.39	0.7	0.63	0.44	0.16	0.05	2.95	8.48	6.61	4.22	-5.67	-4.01	-9.19
Long-Term Debt/Equity (%)	- -	0.12	- -	- -	- -	- -	- -	0.03	- -	- -	- -	- -	1.05	- -	0.06
Long-Term Debt/Capital (%)	- -	-4.54	- -	- -	- -	- -	- -	29.18	- -	- -	- -	- -	-12.33	- -	-0.42
Long-Term Debt/Total Assets (%)	- -	0.09	- -	- -	- -	- -	- -	0.02	- -	- -	- -	- -	0.62	- -	0.04
Total Debt/Equity (%)	- -	0.12	- -	- -	- -	- -	- -	0.03	- -	- -	- -	- -	1.05	- -	0.06
Total Debt/Capital (%)	- -	-4.54	- -	- -	- -	- -	- -	29.18	- -	- -	- -	- -	-12.33	- -	-0.42
Total Debt/Total Assets (%)	- -	0.09	- -	- -	- -	- -	- -	0.02	- -	- -	- -	- -	0.62	- -	0.04
Net Debt to Equity	-1.5	- -	-0.25	-1.11	-0.75	-0.42	-0.55	- -	-0.54	-0.27	-0.06	-0.32	- -	-0.72	- -
Net Debt/Capital (%)	19.86	- -	-14.38	2,280.25	-421.4	-175.12	185.42	- -	-13.02	-2.06	-0.56	-5	- -	10.07	- -
EBITDA	- -	10	6	-6	19	9	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	10	6	-6	19	9	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	10	6	-6	19	9	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2011	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	08/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-4.11	-1.99	1.39	0.7	0.63	0.44	0.16	0.05	2.95	8.48	6.61	4.22	-5.67	-4.01	-9.19
Long-Term Debt/Equity (%)	- -	0.12	- -	- -	- -	- -	- -	0.03	- -	- -	- -	- -	1.05	- -	0.06
Long-Term Debt/Capital (%)	- -	-4.54	- -	- -	- -	- -	- -	29.18	- -	- -	- -	- -	-12.33	- -	-0.42
Long-Term Debt/Total Assets (%)	- -	0.09	- -	- -	- -	- -	- -	0.02	- -	- -	- -	- -	0.62	- -	0.04
Total Debt/Equity (%)	- -	0.12	- -	- -	- -	- -	- -	0.03	- -	- -	- -	- -	1.05	- -	0.06
Total Debt/Capital (%)	- -	-4.54	- -	- -	- -	- -	- -	29.18	- -	- -	- -	- -	-12.33	- -	-0.42
Total Debt/Total Assets (%)	- -	0.09	- -	- -	- -	- -	- -	0.02	- -	- -	- -	- -	0.62	- -	0.04
CFO/Total Liabilities	- -	8.32	8.75	-50.43	10.58	10.3	-0.46	5.46	1.7	5.58	6.19	6.99	7.08	15.73	7.1
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	-0.06	0.45	0.3	-0.09	0.33	0.16	- -	0.02	0.07	0.2	0.1	0.06	-0.16	-0.02	-0.16

Working Capital (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2011	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	08/31/2025

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

Enterprise Value (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2011	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	08/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	1	- -	- -	2	1	1	1	- -	1	- -	- -	1	- -	1	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
Enterprise Value	-1	- -	- -	-2	-1	-1	-1	- -	-1	- -	- -	-1	1	-1	- -
Total Capital	-4	-2	1	2	2	1	- -	- -	8	24	18	11	-12	-9	-21
Total Debt/Capital (%)	- -	-4.54	- -	- -	- -	- -	- -	29.18	- -	- -	- -	- -	-12.33	- -	-0.42
Total Debt / EV	- -	1	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	1	- -	1
EV/Sales	- -	0.01	- -	- -	- -	- -	- -	0.01	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	0.01	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	0.01	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	0.03	- -	- -	- -	- -	- -	0.01	- -	- -	- -	- -	0.22	- -	0.01
EV/Free Cash Flow to Firm	- -	0.03	- -	- -	- -	- -	- -	0.01	- -	- -	- -	- -	0.22	- -	0.01
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	-1	- -	- -	-2	-1	-1	-1	- -	-1	- -	- -	-1	1	-1	- -
EV per Share	- -	0.02	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.13	- -	- -
TTM Sales	- -	11	7	-6	19	9	- -	6	7	22	1	- -	-19	9	-7
TTM EBITDA	- -	10	6	-6	19	9	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	10	6	-6	19	9	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	2	3	-42	9	9	- -	5	2	6	6	7	7	14	6
TTM Free Cash Flow to Firm	- -	2	3	-42	9	9	- -	5	2	6	6	7	7	14	6

Multiples (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	02/28/2011	02/29/2012	02/28/2013	02/28/2014	02/28/2015	02/29/2016	02/28/2017	02/28/2018	02/28/2019	02/29/2020	02/28/2021	02/28/2022	02/28/2023	02/29/2024	08/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	0.01	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-1	- -	- -	-2	-1	-1	-1	- -	-1	- -	- -	-1	1	-1	- -
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	0.01	- -	- -	- -	- -	- -	0.01	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	0.01	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	0.01	- -	- -	- -	- -	- -	0.01	- -	- -	- -	- -	- -	- -	- -
EV/Sales High	- -	0.01	- -	- -	- -	- -	- -	0.01	- -	- -	- -	- -	- -	- -	- -
EV/Sales Low	- -	0.01	- -	- -	- -	- -	- -	0.01	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	- -	0.01	-0.03	0.31	-0.07	-0.08	15.99	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	0.01	-0.03	0.31	-0.07	-0.08	15.99	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	0.01	-0.03	0.31	-0.07	-0.08	15.99	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	0.01	-0.03	0.31	-0.07	-0.08	15.99	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	0.01	-0.03	0.31	-0.07	-0.08	15.99	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	0.01	-0.03	0.31	-0.07	-0.08	15.99	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value Average	-1	- -	- -	-2	-1	-1	-1	- -	-1	- -	- -	-1	1	-1	- -
Enterprise Value High	-1	- -	- -	-2	-1	-1	-1	- -	-1	- -	- -	-1	1	-1	- -
Enterprise Value Low	-1	- -	- -	-2	-1	-1	-1	- -	-1	- -	- -	-1	1	-1	- -

Shares Outstanding	4	4	4	12	12	12	12	12	12	12	12	12	12	12	12
Diluted Weighted Avg Shares	- -	4	4	11	12	12	12	12	12	12	12	10	12	12	- -
Basic Weighted Avg Shares	- -	4	4	11	12	12	12	12	12	12	12	10	12	12	- -
Revenue per Share	- -	2.37	1.47	-0.52	1.68	0.8	0.01	0.52	0.59	1.92	0.1	0.05	-1.64	0.75	- -
EBITDA per Share	- -	2.34	1.42	-0.55	1.66	0.79	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	2.34	1.42	-0.55	1.66	0.79	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	2.32	1.42	-0.55	1.66	0.79	- -	0.5	0.56	1.9	0.08	0.03	-1.65	0.74	- -
Basic EPS from Cont Ops	- -	2.34	1.42	-0.55	1.66	0.79	- -	0.5	0.56	1.9	0.08	0.03	-1.65	0.74	- -
Diluted EPS, GAAP	- -	2.32	1.42	-0.55	1.66	0.79	- -	0.5	0.56	1.9	0.08	0.03	-1.65	0.74	- -
Diluted EPS from Cont Ops	- -	2.34	1.42	-0.55	1.66	0.79	- -	0.5	0.56	1.9	0.08	0.03	-1.65	0.74	- -
Dividend per Share	- -	0.76	0.75	0.7	0.79	0.78	0.75	0.65	0.53	0.52	0.55	0.64	0.54	0.39	- -
Cash Flow per Share	- -	0.53	0.58	-3.87	0.76	0.73	-0.04	0.44	0.14	0.48	0.52	0.69	0.6	1.23	- -
Free Cash Flow per Basic Share	- -	0.53	0.58	-3.87	0.76	0.73	-0.04	0.44	0.14	0.48	0.52	0.69	0.6	1.23	- -
Cash & Equivalents per Share	- -	- -	0.04	0.17	0.11	0.06	0.08	- -	0.08	0.04	0.01	0.05	- -	0.09	- -
Book Value per Share	- -	-0.42	0.31	0.16	0.14	0.1	0.04	0.01	0.66	2.05	1.54	1.09	-1.18	-0.82	- -
Tangible Book Value per Share	- -	14.82	15.53	15.11	15.01	14.9	14.26	14.28	14.06	15.59	14.89	16.02	12.43	12.74	- -

Nuveen Arizona Quality Municipal Income Fund

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Per Share Data Items (USD)