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NTG (Tortoise Midstream Energy Fund,) LT-Debt-to-Total-Asset : 0.14 (As of May. 2024)


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What is Tortoise Midstream Energy Fund, LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Tortoise Midstream Energy Fund,'s long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.14.

Tortoise Midstream Energy Fund,'s long-term debt to total assets ratio declined from May. 2023 (0.16) to May. 2024 (0.14). It may suggest that Tortoise Midstream Energy Fund, is progressively becoming less dependent on debt to grow their business.

Tortoise Midstream Energy Fund, LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tortoise Midstream Energy Fund,'s LT-Debt-to-Total-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.

* Premium members only.

Tortoise Midstream Energy Fund, LT-Debt-to-Total-Asset Chart

Tortoise Midstream Energy Fund, Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.28 0.24 0.17 0.13 0.15

Tortoise Midstream Energy Fund, Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.13 0.16 0.15 0.14

Tortoise Midstream Energy Fund, LT-Debt-to-Total-Asset Calculation

Tortoise Midstream Energy Fund,'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )/Total Assets (A: Nov. 2023 )
=39.728/272.818
=0.15

Tortoise Midstream Energy Fund,'s Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )/Total Assets (Q: May. 2024 )
=42.833/310.068
=0.14

* 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) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Tortoise Midstream Energy Fund, LT-Debt-to-Total-Asset Related Terms

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Tortoise Midstream Energy Fund, Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211
Website
https://www.tortoiseadvisors.com
Tortoise Midstream Energy Fund, Inc. is an investment management firm specializing in listed energy investments. Iinvests primarily in midstream energy equities that own and operate a network of pipeline and energy related logistical infrastructure assets with an emphasis on those that transport, gather, process and store natural gas and natural gas liquids. Its investment vehicles include closed-end funds, open-end funds, private funds, exchange-traded funds, and insurance portfolio. The company has expertise in energy, credit, direct lending, and sustainable infrastructure.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Ciccotello Conrad S director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Michael Charles Perry officer: Vice President 6363 COLLEGE BOULEVARD, SUITE 100A, OVERLAND PARK KS 66211
Jennifer Paquette director 5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney director 11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
P. Bradley Adams officer: Chief Financial Officer 5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger director 5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens other: Member of Investment Committee 5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee officer: President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Prudential Gibraltar Financial Life Insurance Co., Ltd. 10 percent owner THE PRUDENTIAL TOWER, 2-13-10, NAGATA-CHO, CHIYODA-KU, TOKYO M0 100-0014
Shobana Gopal officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe officer: Vice President & Asst Treas. 6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Nicholas Scott Holmes officer: Vice President 5100 W. 115TH PLACE, LEAWOOD KS 66211