RiverNorth Flexible Municipal Income Fund II Inc (RFMZ) — Cash Flow Quality Index
RiverNorth Flexible Municipal Income Fund II Inc (RFMZ) has a Cash Flow Quality Index of 0.87x as of June 2024. Operating cash flow of $27.58 Million is below net income of $31.80 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore RiverNorth Flexible Municipal Income Fun cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
RiverNorth Flexible Municipal Income Fund II Inc Cash Flow Quality Index (2023–2024)
Historical Cash Flow Quality Index for RiverNorth Flexible Municipal Income Fund II Inc across 2 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see RFMZ cash flow metrics.
Annual Cash Flow Quality Index for RiverNorth Flexible Municipal Income Fund II Inc (2023–2024)
Year-by-year earnings quality comparison for RiverNorth Flexible Municipal Income Fund II Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 0.87x | $27.58 Million | $31.80 Million | ▼ -55.1% |
| 2023 | 1.93x | $30.18 Million | $15.62 Million | — |