Tortoise Power & Energy Infra Fd (Tortoise Power & Energy Infra Fd) Debt-to-Equity : 0.26 (As of Nov. 2023)

Tortoise Power & Energy Infra Fd Debt-to-Equity Chart

Tortoise Power & Energy Infra Fd 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								0.24	0.24	0.26	0.27	0.26

Competitive Comparison of Tortoise Power & Energy Infra Fd's Debt-to-Equity

For the Asset Management subindustry, Tortoise Power & Energy Infra Fd'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.

Tortoise Power & Energy Infra Fd's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Power & Energy Infra Fd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tortoise Power & Energy Infra Fd's Debt-to-Equity falls into.

Tortoise Power & Energy Infra Fd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tortoise Power & Energy Infra Fd's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Tortoise Power & Energy Infra Fd's Debt to Equity Ratio for the quarter that ended in Nov. 2023 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.

Tortoise Power & Energy Infra Fd  (NYSE:TPZ) 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.

Tortoise Power & Energy Infra Fd Debt-to-Equity Related Terms

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Tortoise Power & Energy Infra Fd (Tortoise Power & Energy Infra Fd) Business Description