NXG Cushing Midstream Energy Fund (NXG Cushing Midstream Energy Fund) Total Assets : $106.91 Mil (As of Nov. 2023)

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What is NXG Cushing Midstream Energy Fund Total Assets?

NXG Cushing Midstream Energy Fund's Total Assets for the quarter that ended in Nov. 2023 was $106.91 Mil.

During the past 12 months, NXG Cushing Midstream Energy Fund's average Total Assets Growth Rate was -12.90% per year. During the past 3 years, the average Total Assets Growth Rate was 13.10% per year. During the past 5 years, the average Total Assets Growth Rate was 3.70% per year.

During the past 7 years, NXG Cushing Midstream Energy Fund's highest 3-Year average Total Assets Growth Rate was 13.10%. The lowest was -13.70%. And the median was 5.60%.

Total Assets is connected with ROA %. NXG Cushing Midstream Energy Fund's annualized ROA % for the quarter that ended in Nov. 2023 was 28.41%. Total Assets is also linked to Revenue through Asset Turnover. NXG Cushing Midstream Energy Fund's Asset Turnover for the quarter that ended in Nov. 2023 was 0.14.

NXG Cushing Midstream Energy Fund Total Assets Historical Data

The historical data trend for NXG Cushing Midstream Energy Fund's Total Assets 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 Total Assets Chart

NXG Cushing Midstream Energy Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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99.03

73.83

115.90

122.77

106.91

NXG Cushing Midstream Energy Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial								115.90	111.03	122.77	92.74	106.91

NXG Cushing Midstream Energy Fund Total Assets Calculation

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.

NXG Cushing Midstream Energy Fund's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	84.806	+	22.101
	=	106.91

NXG Cushing Midstream Energy Fund's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	84.806	+	22.101
	=	106.91

NXG Cushing Midstream Energy Fund (NYSE:SRV) Total Assets Explanation

Total Assets is connected with ROA %.

NXG Cushing Midstream Energy Fund's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	28.356	/	( (92.74	+	106.906)	/ 2 )
	=	28.356	/	99.823
	=	28.41 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2023) 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.

NXG Cushing Midstream Energy Fund's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	14.375	/	( (92.74	+	106.906)	/ 2 )
=	14.375	/	99.823
=	0.14

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

NXG Cushing Midstream Energy Fund Total Assets 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 » Total Assets

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