Cushing� NextGen Infrastructureome Fund (Cushing� NextGen Infrastructureome Fund) Debt-to-Equity : 0.36 (As of Nov. 2023)

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What is Cushing� NextGen Infrastructureome Fund Debt-to-Equity?

Cushing� NextGen Infrastructureome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Cushing� NextGen Infrastructureome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $36.81 Mil. Cushing� NextGen Infrastructureome Fund's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $103.68 Mil. Cushing� NextGen Infrastructureome Fund's debt to equity for the quarter that ended in Nov. 2023 was 0.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cushing� NextGen Infrastructureome Fund's Debt-to-Equity or its related term are showing as below:

NXG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.3 Max: 0.41
Current: 0.36

During the past 7 years, the highest Debt-to-Equity Ratio of Cushing� NextGen Infrastructureome Fund was 0.41. The lowest was 0.15. And the median was 0.30.

NXG's Debt-to-Equity is ranked worse than
63.27% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs NXG: 0.36

Cushing� NextGen Infrastructureome Fund Debt-to-Equity Historical Data

The historical data trend for Cushing� NextGen Infrastructureome Fund's Debt-to-Equity 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.

* Premium members only.

Cushing� NextGen Infrastructureome Fund Debt-to-Equity Chart

Cushing� NextGen Infrastructureome Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.15

0.41

0.29

0.36

Cushing� NextGen Infrastructureome Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial								0.41	0.35	0.29	0.28	0.36

Competitive Comparison of Cushing� NextGen Infrastructureome Fund's Debt-to-Equity

For the Asset Management subindustry, Cushing� NextGen Infrastructureome Fund's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Cushing� NextGen Infrastructureome Fund's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cushing� NextGen Infrastructureome Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cushing� NextGen Infrastructureome Fund's Debt-to-Equity falls into.

Cushing� NextGen Infrastructureome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cushing� NextGen Infrastructureome Fund's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	36.81)	/	103.682
	=	0.36

Cushing� NextGen Infrastructureome Fund's Debt to Equity Ratio for the quarter that ended in Nov. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	36.81)	/	103.682
	=	0.36

Cushing� NextGen Infrastructureome Fund (NYSE:NXG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cushing� NextGen Infrastructureome Fund Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cushing� NextGen Infrastructureome Fund's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cushing� NextGen Infrastructureome Fund (Cushing� NextGen Infrastructureome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cushing� NextGen Infrastructure Income Fund (NYSE:NXG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 N. Pearl Street, Suite 1205, Dallas, TX, USA, 75201

Website

https://www.cushingcef.com

Cushing NextGen Infrastructure Income Fund is a closed-end investment management company. Its investment objective is to seek a high total return with a focus on current income. The Fund invests at least 80% of its net assets in a portfolio of equity and debt securities of infrastructure companies, including energy infrastructure companies, industrial infrastructure companies, sustainable infrastructure companies, and technology & communication infrastructure companies.

Executives

Jerry V Swank	officer: CEO and President, other: Trustee, Chairman of the Board	3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Todd Sunderland	other: Adviser COO	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Blake Nelson	officer: Chief Financial Officer	8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Jeffrey A Engelsman	officer: Chief Compliance Officer	865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
John Alban	officer: CFO and Treasurer	THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Mark Rhodes	officer: President	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Andrea Mullins	director	3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Mathew Calabro	officer: Chief Compliance Officer	8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
John M. Musgrave	other: Adviser Managing Partner	8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Hari Kusumakar	other: Portfolio Manager	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Alex Palma	other: Portfolio Manager	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Brenda A Cline	other: Trustee	5101 TENNYSON PARKWAY, PLANO TX 75024
Investors, Llp Bulldog	10 percent owner	PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Phillip Goldstein	10 percent owner	60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Steven Samuels	10 percent owner	72 COLEYTOWN ROAD, WESTPORT CT 06882