Tallgrass Energy LP's Total Assets for the quarter that ended in Dec. 2019 was $6,214.1 Mil.
During the past 12 months, Tallgrass Energy LP's average Total Assets Growth Rate was 5.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 19.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 21.50% per year.
During the past 7 years, Tallgrass Energy LP's highest 3-Year average Total Assets Growth Rate was 30.50%. The lowest was 19.60%. And the median was 22.70%.
The historical data trend for Tallgrass Energy LP'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.
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.
Tallgrass Energy LP's Total Assets for the fiscal year that ended in Dec. 2019 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.
Tallgrass Energy LP (NYSE:TGE) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2019) 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.
Tallgrass Energy LP's Asset Turnover for the quarter that ended in Dec. 2019 is
* 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.
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.
Tallgrass Energy LP Total Assets Related Terms
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Tallgrass Energy LP (Tallgrass Energy LP) Business Description
Tallgrass Energy LP is a corporate entity created after the acquisition of Tallgrass Energy Partners (the LP) by its GP in June 2018. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (the REX and Pony Express lines, for example). The entity focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Blackstone Investment Partners acquired the Tallgrass GP and 44% of the limited partnership in early 2019.
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