Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Liabilities-to-Assets : 0.23 (As of Nov. 2023)

Tortoise Energy Infrastructure Liabilities-to-Assets Chart

Tortoise Energy Infrastructure Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Liabilities-to-Assets	Get a 7-Day Free Trial								0.30	0.23	0.28	0.25	0.23

Competitive Comparison of Tortoise Energy Infrastructure's Liabilities-to-Assets

For the Asset Management subindustry, Tortoise Energy Infrastructure's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tortoise Energy Infrastructure's Liabilities-to-Assets Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Infrastructure's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Tortoise Energy Infrastructure's Liabilities-to-Assets falls into.

Tortoise Energy Infrastructure Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Tortoise Energy Infrastructure's Liabilities-to-Assets Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Tortoise Energy Infrastructure's Liabilities-to-Assets Ratio for the quarter that ended in Nov. 2023 is calculated as

* 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.

Tortoise Energy Infrastructure  (NYSE:TYG) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Tortoise Energy Infrastructure Liabilities-to-Assets Related Terms

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Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Business Description