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Kayne Anderson Energy Development Company (NYSE:KED)
Total Assets
$357.73 Mil (As of Feb. 2012)

Kayne Anderson Energy Development Company's total assets for the quarter that ended in Feb. 2012 was $357.73 Mil.

Total Assets is connected with Return on Assets (ROA). Kayne Anderson Energy Development Company's annualized Return on Assets (ROA) for the quarter that ended in Feb. 2012 was 22.20%. Total Assets is also linked to revenue through asset turnover. Kayne Anderson Energy Development Company's asset turnover for the quarter that ended in Feb. 2012 was 0.01.


Definition

Total assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder’s paid in capital and retained earnings of the business. Others are funded through borrowed money.

Kayne Anderson Energy Development Company's Total Assets for the fiscal year that ended in Nov. 2011 is calculated as

Total Assets=Total Shareholder’s Equity (A: Nov. 2011 )+Total Liabilities (A: Nov. 2011 )
=238.03+92.205
=330.24

Kayne Anderson Energy Development Company's Total Assets for the quarter that ended in Feb. 2012 is calculated as

Total Assets=Total Shareholder’s Equity (Q: Feb. 2012 )+Total Liabilities (Q: Feb. 2012 )
=254.202+103.526
=357.73

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Total Assets is connected with Return on Assets.

Kayne Anderson Energy Development Company's annualized Return on Assets (ROA) for the quarter that ended in Feb. 2012 is

Return on Assets (ROA)=Net Income (Q: Feb. 2012 )/Total Assets (Q: Feb. 2012 )
=79.46/357.728
=22.20 %

Note: The Net Income data used here is four times the quarterly (Feb. 2012) net income data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Kayne Anderson Energy Development Company's Asset Turnover for the quarter that ended in Feb. 2012 is

Asset Turnover=Total Sales/Total Assets
=Revenue (Q: Feb. 2012 )/Total Assets (Q: Feb. 2012 )
=2.737/357.728
=0.01

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.


Related Terms

Return on Assets, Assets Turnover, Net Income, Revenue, Total Current Assets, Net PPE, Intangibles, Other Long-Term Assets, Total Shareholder’s Equity, Total Liability


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Kayne Anderson Energy Development Company Annual Data

Nov07Nov08Nov09Nov10Nov11
Total Assets 0.000.000.000.000.00355.39222.17226.02280.62330.24

Kayne Anderson Energy Development Company Quarterly Data

Nov09Feb10May10Aug10Nov10Feb11May11Aug11Nov11Feb12
Total Assets 226.02242.09227.48250.04280.62305.26331.72309.93330.24357.73
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