RiverNorth Flexible Municipal Income Fund II Inc (RFMZ) — Working Capital to Net Assets Ratio
RiverNorth Flexible Municipal Income Fund II Inc (RFMZ) has a Working Capital to Net Assets ratio of 1.5% as of June 2025. Working capital of $5.12 Million (current assets of $7.32 Million minus current liabilities of $2.19 Million) is measured against net assets of $340.66 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of RiverNorth Flexible Municipal Income Fun to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
RiverNorth Flexible Municipal Income Fund II Inc Working Capital to Net Assets (2021–2025)
This chart shows how RiverNorth Flexible Municipal Income Fund II Inc's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of June 2025, the ratio stands at 1.5%, reflecting working capital of $5.12 Million against net assets of $340.66 Million USD. For the complete balance sheet picture, see RiverNorth Flexible Municipal Income Fun asset portfolio.
Annual Working Capital to Net Assets for RiverNorth Flexible Municipal Income Fund II Inc (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for RiverNorth Flexible Municipal Income Fund II Inc from 2021 to 2025, covering 5 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Explore RiverNorth Flexible Municipal Income Fun (RFMZ) long-term investment share to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 1.5% | $5.12 Million | $340.66 Million | $7.32 Million | $2.19 Million | ▲ +0.5 pp |
| 2024 | 1.0% | $3.71 Million | $380.04 Million | $6.45 Million | $2.74 Million | ▲ +0.1 pp |
| 2023 | 0.9% | $3.34 Million | $373.53 Million | $6.18 Million | $2.83 Million | ▲ +2.3 pp |
| 2022 | -1.4% | $-5.52 Million | $384.11 Million | $92.81 Million | $98.33 Million | ▲ +3.2 pp |
| 2021 | -4.7% | $-23.68 Million | $505.71 Million | $4.85 Million | $28.53 Million | — |