Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Cash-to-Debt : 0.00 (As of Nov. 2023)

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What is Tortoise Energy Infrastructure Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Tortoise Energy Infrastructure's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.00.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Tortoise Energy Infrastructure couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for Tortoise Energy Infrastructure's Cash-to-Debt or its related term are showing as below:

TYGPRB.PFD's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.66
* Ranked among companies with meaningful Cash-to-Debt only.

Tortoise Energy Infrastructure Cash-to-Debt Historical Data

The historical data trend for Tortoise Energy Infrastructure's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Tortoise Energy Infrastructure Cash-to-Debt Chart

Tortoise Energy Infrastructure Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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Tortoise Energy Infrastructure Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial								-	-	-	-	-

Competitive Comparison of Tortoise Energy Infrastructure's Cash-to-Debt

For the Asset Management subindustry, Tortoise Energy Infrastructure's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tortoise Energy Infrastructure's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Infrastructure's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tortoise Energy Infrastructure's Cash-to-Debt falls into.

Tortoise Energy Infrastructure Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Tortoise Energy Infrastructure's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0	/	(0	+	72.096)
	=	0.00

Tortoise Energy Infrastructure's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0	/	(0	+	72.096)
	=	0.00

Tortoise Energy Infrastructure (NYSE:TYGPRB.PFD) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Tortoise Energy Infrastructure Cash-to-Debt 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:TYGPRB.PFD) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

TYG:USA

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.