SRV (NXG Cushing Midstream Energy Fund) Debt-to-Equity: 0.38 (As of May. 2026) — 27% Above Median

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SRV NXG Cushing Midstream Energy Fund SRV
43 GF Score
Price $48.02
GF Value $3.99
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is NXG Cushing Midstream Energy Fund Debt-to-Equity?

NXG Cushing Midstream Energy Fund SRV +0.84% 43 Debt-to-Equity is 0.38 as of May. 2026, which is 27% above its 10-year median of 0.30. GuruFocus rates SRV with a GF Score™ of 43/100 and a GF Value™ of $3.99 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 956 Asset Management companies, NXG Cushing Midstream Energy Fund ranks worse than 64.23% on this metric.

NXG Cushing Midstream Energy Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was $0.0 Mil. NXG Cushing Midstream Energy Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was $118.3 Mil. NXG Cushing Midstream Energy Fund's Total Stockholders Equity for the quarter that ended in May. 2026 was $308.5 Mil. NXG Cushing Midstream Energy Fund's debt to equity for the quarter that ended in May. 2026 was 0.38.

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 NXG Cushing Midstream Energy Fund's Debt-to-Equity or its related term are showing as below:

SRV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 0.3   Max: 0.42
Current: 0.38

During the past 9 years, the highest Debt-to-Equity Ratio of NXG Cushing Midstream Energy Fund was 0.42. The lowest was 0.08. And the median was 0.30.

SRV's Debt-to-Equity is ranked worse than
64.23% of 956 companies
in the Asset Management industry
Industry Median: 0.21 vs SRV: 0.38

NXG Cushing Midstream Energy Fund  (NYSE:SRV) 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.


NXG Cushing Midstream Energy Fund Debt-to-Equity Related Terms


NXG Cushing Midstream Energy Fund Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for NXG Cushing Midstream Energy 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.

NXG Cushing Midstream Energy Fund Debt-to-Equity Chart

NXG Cushing Midstream Energy Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 0.42 0.08 0.23 0.25 0.27

NXG Cushing Midstream Energy Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.25 0.33 0.27 0.38

SRV vs FTF, EIC, PSF: Debt-to-Equity Comparison

For the Asset Management subindustry, NXG Cushing Midstream Energy 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.


NXG Cushing Midstream Energy Fund Debt-to-Equity vs Asset Management Industry

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

* The bar in red indicates where NXG Cushing Midstream Energy Fund's Debt-to-Equity falls into.


SRV
43GF Score
NXG Cushing Midstream Energy Fund SRV
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NXG Cushing Midstream Energy Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NXG Cushing Midstream Energy Fund's Debt to Equity Ratio for the fiscal year that ended in Nov. 2025 is calculated as

NXG Cushing Midstream Energy Fund's Debt to Equity Ratio for the quarter that ended in May. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.38 mean?
NXG Cushing Midstream Energy Fund (SRV) has a Debt-to-Equity of 0.38 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NXG Cushing Midstream Energy Fund and its competitors. This is 27% above median its historical median of 0.30. Over the past decade, NXG Cushing Midstream Energy Fund's Debt-to-Equity has ranged from 0.08 to 0.42. According to the industry distribution chart, NXG Cushing Midstream Energy Fund ranks #614 out of 956 companies in the Asset Management industry, placing it in the top 64.2%.
Is NXG Cushing Midstream Energy Fund's Debt-to-Equity too high?
NXG Cushing Midstream Energy Fund's current Debt-to-Equity of 0.38 is 27% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.42. The Asset Management industry median Debt-to-Equity is 0.21. NXG Cushing Midstream Energy Fund's value of 0.38 is 81% above this industry median. Based on the distribution chart, NXG Cushing Midstream Energy Fund ranks #614 out of 956 companies in the Asset Management industry, which is below the industry midpoint. Overall, NXG Cushing Midstream Energy Fund has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NXG Cushing Midstream Energy Fund's Debt-to-Equity compare to FTF and EIC?
According to the Asset Management industry distribution chart, NXG Cushing Midstream Energy Fund ranks #614 out of 956 companies for Debt-to-Equity. This places NXG Cushing Midstream Energy Fund in the lower half of its industry. The industry median Debt-to-Equity is 0.21. NXG Cushing Midstream Energy Fund's value of 0.38 is 81% above this benchmark. Historically, NXG Cushing Midstream Energy Fund's own Debt-to-Equity has ranged from 0.08 to 0.42 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.21, NXG Cushing Midstream Energy Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 956 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NXG Cushing Midstream Energy Fund's current Debt-to-Equity of 0.38 is 81% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NXG Cushing Midstream Energy Fund and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NXG Cushing Midstream Energy Fund's current Debt-to-Equity is 0.38, which is 27% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NXG Cushing Midstream Energy Fund stock overvalued right now?
Based on GuruFocus' analysis, NXG Cushing Midstream Energy Fund (SRV) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.99, compared to a current price of $48.02 — trading 1103.5% above its estimated fair value. The current Debt-to-Equity is 0.38, which is 27% above median its 10-year median of 0.30 and 81% above the Asset Management industry median of 0.21. NXG Cushing Midstream Energy Fund's overall GF Score™ is 43/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For NXG Cushing Midstream Energy Fund (SRV), the current Debt-to-Equity is 0.38 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NXG Cushing Midstream Energy Fund (SRV) Overvalued in 2026?

Based on GuruFocus' analysis, NXG Cushing Midstream Energy Fund stock appears to be overvalued. The current stock price of $48.02 is trading 1103.5% above its estimated GF Value™ of $3.99. GuruFocus considers NXG Cushing Midstream Energy Fund to be Significantly Overvalued.

Key valuation signals for SRV:

  • Debt-to-Equity: 0.38 (27% above median its 10-year median of 0.30)
  • GF Value™: $3.99 vs. price of $48.02 (1103.5% above fair value)
  • GF Score™: 43/100 with 8 warning signs
  • Industry Position: 81% above the Asset Management median (#614 of 956)

No single metric tells the full story. See the SRV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NXG Cushing Midstream Energy Fund Business Description

Address 4925 Greenville Avenue, Suite 1310, Dallas, TX, USA, 75206
NXG Cushing Midstream Energy Fund is a non-diversified, closed-end investment company. Its investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of midstream energy investments.
43GF Score

Get the complete analysis for SRV

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$48.02
Price
$3.99
GF Value