Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Equity-to-Asset : 0.80 (As of Nov. 2023)

Tortoise Midstream Energy Fund, Equity-to-Asset Chart

Tortoise Midstream Energy Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Equity-to-Asset	Get a 7-Day Free Trial								0.72	0.79	0.73	0.76	0.80

Competitive Comparison of Tortoise Midstream Energy Fund,'s Equity-to-Asset

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

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

* The bar in red indicates where Tortoise Midstream Energy Fund,'s Equity-to-Asset falls into.

Tortoise Midstream Energy Fund, Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Tortoise Midstream Energy Fund,'s Equity to Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Tortoise Midstream Energy Fund,'s Equity to Asset 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 Midstream Energy Fund,  (NYSE:NTG) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Tortoise Midstream Energy Fund, Equity-to-Asset Related Terms

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Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Business Description