NXG Cushing Midstream Energy Fund (NXG Cushing Midstream Energy Fund) Change In Working Capital : $-19.67 Mil (TTM As of Nov. 2023)

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What is NXG Cushing Midstream Energy Fund Change In Working Capital?

NXG Cushing Midstream Energy Fund's change in working capital for the quarter that ended in Nov. 2023 was $-0.44 Mil.

NXG Cushing Midstream Energy Fund's change in working capital for the fiscal year that ended in Nov. 2023 was $-19.67 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

NXG Cushing Midstream Energy Fund Change In Working Capital Historical Data

The historical data trend for NXG Cushing Midstream Energy Fund's Change In Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NXG Cushing Midstream Energy Fund Change In Working Capital Chart

NXG Cushing Midstream Energy Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Working Capital

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-0.77

0.12

-4.51

25.57

-19.67

NXG Cushing Midstream Energy Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Change In Working Capital	Get a 7-Day Free Trial								-3.46	4.33	21.24	-19.23	-0.44

NXG Cushing Midstream Energy Fund Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-19.67 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

NXG Cushing Midstream Energy Fund Change In Working Capital Related Terms

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NXG Cushing Midstream Energy Fund (NXG Cushing Midstream Energy Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NXG Cushing Midstream Energy Fund (NYSE:SRV) » Definitions » Change In Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 N. Pearl Street, Suite 1205, Dallas, TX, USA, 75201

Website

https://www.cushingcef.com

The Cushing MLP & Infrastructure Total Return Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The fund invests at least 80% of its net assets in a portfolio of infrastructure master limited partnerships (MLPs) and MLP-related investments.

Executives

Todd Sunderland	other: Adviser COO	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Jeffrey A Engelsman	officer: Chief Compliance Officer	865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
John Alban	officer: CFO/Treasurer and Interim CCO	THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mark Rhodes	officer: President	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
John M. Musgrave	other: Portfolio Manager	8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Blake Nelson	officer: Chief Financial Officer	8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Brian R Bruce	director	5945 GLENDOWER LANE, PLANO TX 75093
Andrea Mullins	director	3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mathew Calabro	officer: Chief Compliance Officer	8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Saket Kumar	other: Adviser Managing Partner	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Brenda A Cline	other: Trustee	5101 TENNYSON PARKWAY, PLANO TX 75024
Jerry V Swank	officer: President and CEO	3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Daniel L Spears	other: Partner	C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206