Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Total Assets : $492.65 Mil (As of Nov. 2023)

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What is Tortoise Energy Infrastructure Total Assets?

Tortoise Energy Infrastructure's Total Assets for the quarter that ended in Nov. 2023 was $492.65 Mil.

During the past 12 months, Tortoise Energy Infrastructure's average Total Assets Growth Rate was -21.00% per year. During the past 3 years, the average Total Assets Growth Rate was 2.60% per year. During the past 5 years, the average Total Assets Growth Rate was -25.00% per year.

During the past 7 years, Tortoise Energy Infrastructure's highest 3-Year average Total Assets Growth Rate was 2.60%. The lowest was -41.10%. And the median was -31.80%.

Total Assets is connected with ROA %. Tortoise Energy Infrastructure's annualized ROA % for the quarter that ended in Nov. 2023 was 13.88%. Total Assets is also linked to Revenue through Asset Turnover. Tortoise Energy Infrastructure's Asset Turnover for the quarter that ended in Nov. 2023 was 0.07.

Tortoise Energy Infrastructure Total Assets Historical Data

The historical data trend for Tortoise Energy Infrastructure'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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Tortoise Energy Infrastructure Total Assets Chart

Tortoise Energy Infrastructure Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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1,680.75

455.84

574.70

623.32

492.65

Tortoise Energy Infrastructure Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial								574.70	640.25	623.32	504.07	492.65

Tortoise Energy Infrastructure 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.

Tortoise Energy Infrastructure'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 )
	=	380.497	+	112.155
	=	492.65

Tortoise Energy Infrastructure'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 )
	=	380.497	+	112.155
	=	492.65

Tortoise Energy Infrastructure (NYSE:TYG) Total Assets Explanation

Total Assets is connected with ROA %.

Tortoise Energy Infrastructure'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 )
	=	69.164	/	( (504.066	+	492.651)	/ 2 )
	=	69.164	/	498.3585
	=	13.88 %

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.

Tortoise Energy Infrastructure'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 )
=	36.625	/	( (504.066	+	492.651)	/ 2 )
=	36.625	/	498.3585
=	0.07

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.

Tortoise Energy Infrastructure Total Assets Related Terms

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Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Energy Infrastructure Corp (NYSE:TYG) » Definitions » Total Assets

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N/A

Address

6363 College Boulevard, Suite 100A, Overland Park, Leawood, KS, USA, 66211

Website

https://www.tortoiseadvisors.com

Tortoise Energy Infrastructure Corp seeks to provide a high level of current income to stockholders. It invests in fixed income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.

Executives

Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Michael Charles Perry	officer: Vice President	6363 COLLEGE BOULEVARD, SUITE 100A, OVERLAND PARK KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	director, 10 percent owner	5100 W. 115TH PLACE, LEAWOOD KS 66211
Gengler Courtney	officer: Vice President	5200 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Brian Alan Kessens	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: Chief Financial Officer	5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee	officer: President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Guardian Life Insurance Co Of America	10 percent owner	10 HUDSON YARDS, NY NY 10001
Shobana Gopal	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Nicholas Scott Holmes	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211