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Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)


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What is Tortoise Midstream Energy Fund, Long-Term Capital Lease Obligation?

Tortoise Midstream Energy Fund,'s Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.

Tortoise Midstream Energy Fund, Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tortoise Midstream Energy Fund,'s Long-Term Capital Lease Obligation 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 Midstream Energy Fund, Long-Term Capital Lease Obligation Chart

Tortoise Midstream Energy Fund, Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Long-Term Capital Lease Obligation
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Tortoise Midstream Energy Fund, Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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Tortoise Midstream Energy Fund,  (NYSE:NTG) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211
Website
https://www.tortoiseadvisors.com
Tortoise Midstream Energy Fund, Inc. is an investment management firm specializing in listed energy investments. It invests in assets and services that serve essential needs in society and can also serve essential client needs, such as diversification and income. Its investment vehicles include closed-end funds, open-end funds, private funds, exchange-traded funds, and insurance portfolio. The company has expertise in energy, credit, direct lending, and sustainable infrastructure.
Executives
Ciccotello Conrad S director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
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 5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney director 11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
P. Bradley Adams officer: Chief Financial Officer 5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens other: Member of Investment Committee 5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee officer: President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Prudential Gibraltar Financial Life Insurance Co., Ltd. 10 percent owner THE PRUDENTIAL TOWER, 2-13-10, NAGATA-CHO, CHIYODA-KU, TOKYO M0 100-0014
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