What is NXG Cushing Midstream Energy Fund Financial Strength?
NXG Cushing Midstream Energy Fund has the Financial Strength Rank of 4.
Warning Sign:
NXG Cushing Midstream Energy Fund displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate NXG Cushing Midstream Energy Fund's interest coverage with the available data.
NXG Cushing Midstream Energy Fund's debt to revenue ratio for the quarter that ended in Nov. 2023 was 0.67.
Altman Z-Score does not apply to banks and insurance companies.
NXG Cushing Midstream Energy Fund Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
NXG Cushing Midstream Energy Fund's Interest Expense for the
months ended in Nov. 2023 was $-0.67 Mil. Its Operating Income for the
months ended in Nov. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $19.32 Mil.
NXG Cushing Midstream Energy Fund's Interest Coverage for the quarter that ended in Nov. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
NXG Cushing Midstream Energy Fund's Debt to Revenue Ratio for the quarter that ended in Nov. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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.
NXG Cushing Midstream Energy Fund (NXG Cushing Midstream Energy Fund) Business Description
Traded in Other Exchanges
N/A
Address
600 N. Pearl Street, Suite 1205, Dallas, TX, USA, 75201
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 |
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