Tortoise Energy Infrastructure (Tortoise Energy Infrastructure) Debt-to-Asset : 0.15 (As of Nov. 2023)

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What is Tortoise Energy Infrastructure Debt-to-Asset?

Tortoise Energy Infrastructure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Tortoise Energy Infrastructure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $72.10 Mil. Tortoise Energy Infrastructure's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Nov. 2023 was $492.65 Mil. Tortoise Energy Infrastructure's debt to asset for the quarter that ended in Nov. 2023 was 0.15.

Tortoise Energy Infrastructure Debt-to-Asset Historical Data

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

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Tortoise Energy Infrastructure Debt-to-Asset Chart

Tortoise Energy Infrastructure Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Asset

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0.27

0.22

0.18

0.15

Tortoise Energy Infrastructure Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Asset	Get a 7-Day Free Trial								0.18	0.17	0.18	0.16	0.15

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

For the Asset Management subindustry, Tortoise Energy Infrastructure's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Debt-to-Asset Distribution in the Asset Management Industry

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

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

Tortoise Energy Infrastructure Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	72.096)	/	492.651
	=	0.15

Tortoise Energy Infrastructure's Debt-to-Asset for the quarter that ended in Nov. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	72.096)	/	492.651
	=	0.15

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Tortoise Energy Infrastructure Debt-to-Asset 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 » Debt-to-Asset

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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.