RiverNorth Flexible Municipal Income Fund II Inc (RFMZ) - Total Assets
Based on the latest financial reports, RiverNorth Flexible Municipal Income Fund II Inc (RFMZ) holds total assets worth $585.45 Million USD as of June 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See RFMZ net asset value for net asset value and shareholders' equity analysis.
RiverNorth Flexible Municipal Income Fund II Inc - Total Assets Trend (2021–2025)
This chart illustrates how RiverNorth Flexible Municipal Income Fund II Inc's total assets have evolved over time, based on quarterly financial data.
RiverNorth Flexible Municipal Income Fund II Inc - Asset Composition Analysis
Current Asset Composition (June 2025)
RiverNorth Flexible Municipal Income Fund II Inc's total assets of $585.45 Million consist of 1.3% current assets and 98.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $7.32 Million | 1.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2021–2025)
This chart illustrates how RiverNorth Flexible Municipal Income Fund II Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see RiverNorth Flexible Municipal Income Fun market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: RiverNorth Flexible Municipal Income Fund II Inc's current assets represent 1.3% of total assets in 2025, an increase from 0.7% in 2021.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2025, the same as 0.0% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is accounts receivable at 1.3% of total assets.
RiverNorth Flexible Municipal Income Fund II Inc Competitors by Total Assets
Key competitors of RiverNorth Flexible Municipal Income Fund II Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Sprott Physical Gold Trust
TO:PHYS
|
Canada | CA$14.12 Billion |
|
Sprott Physical Silver
TO:PSLV
|
Canada | CA$9.40 Billion |
|
Sprott Physical Gold and Silver Trust
TO:CEF
|
Canada | CA$7.31 Billion |
|
Argo Investments Ltd
AU:ARG
|
Australia | AU$7.91 Billion |
|
Brederode SA
BR:BREB
|
Belgium | €3.96 Billion |
|
Norte Grande
SN:NORTEGRAN
|
Chile | CL$2.91 Billion |
|
Highest Performances Holdings Inc.
NASDAQ:MAAS
|
USA | $4.56 Billion |
|
Metrics Master Income Trust
AU:MXT
|
Australia | AU$2.46 Billion |
RiverNorth Flexible Municipal Income Fund II Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.34 | 2.36 | 6.17 |
| Quick Ratio | 3.34 | 2.36 | 6.17 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $5.12 Million | $3.71 Million | $3.71 Million |
RiverNorth Flexible Municipal Income Fund II Inc - Advanced Valuation Insights
This section examines the relationship between RiverNorth Flexible Municipal Income Fund II Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.93 |
| Latest Market Cap to Assets Ratio | 0.54 |
| Asset Growth Rate (YoY) | -6.0% |
| Total Assets | $585.45 Million |
| Market Capitalization | $315.11 Million USD |
Valuation Analysis
Below Book Valuation: The market values RiverNorth Flexible Municipal Income Fund II Inc's assets below their book value (0.54x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: RiverNorth Flexible Municipal Income Fund II Inc's assets decreased by 6.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for RiverNorth Flexible Municipal Income Fund II Inc (2021–2025)
The table below shows the annual total assets of RiverNorth Flexible Municipal Income Fund II Inc from 2021 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-06-30 | $585.45 Million | -5.98% |
| 2024-06-30 | $622.71 Million | +0.46% |
| 2023-06-30 | $619.87 Million | -16.85% |
| 2022-06-30 | $745.46 Million | +5.14% |
| 2021-06-30 | $709.00 Million | -- |
About RiverNorth Flexible Municipal Income Fund II Inc
RiverNorth Flexible Municipal Income Fund II Inc operates in various business sectors.