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Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Scaled Net Operating Assets : 0.98 (As of Nov. 2023)


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What is Tortoise Midstream Energy Fund, Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tortoise Midstream Energy Fund,'s operating assets for the quarter that ended in Nov. 2023 was $272.82 Mil. Tortoise Midstream Energy Fund,'s operating liabilities for the quarter that ended in Nov. 2023 was $16.02 Mil. Tortoise Midstream Energy Fund,'s Total Assets for the quarter that ended in May. 2023 was $261.86 Mil. Therefore, Tortoise Midstream Energy Fund,'s scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 0.98.

Tortoise Midstream Energy Fund, Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tortoise Midstream Energy Fund,'s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2023 )
=(Operating Assets (A: Nov. 2023 )-Operating Liabilities (A: Nov. 2023 ))/Total Assets (A: Nov. 2022 )
=(272.818-16.024)/323.122
=0.79

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=272.818 - 0
=272.818

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=55.752 - 39.728 - 0
=16.024

Tortoise Midstream Energy Fund,'s Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2023 )
=(Operating Assets (Q: Nov. 2023 )-Operating Liabilities (Q: Nov. 2023 ))/Total Assets (Q: May. 2023 )
=(272.818-16.024)/261.858
=0.98

where

Operating Assets(Q: Nov. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=272.818 - 0
=272.818

Operating Liabilities(Q: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=55.752 - 39.728 - 0
=16.024

* 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, (Tortoise Midstream Energy Fund,) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) » Definitions » Scaled Net Operating Assets
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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