SRV (NXG Cushing Midstream Energy Fund) LT-Debt-to-Total-Asset : 0.20 (As of Nov. 2024)

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What is NXG Cushing 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. NXG Cushing Midstream Energy Fund's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.20.

NXG Cushing Midstream Energy Fund's long-term debt to total assets ratio increased from Nov. 2023 (0.18) to Nov. 2024 (0.20). It may suggest that NXG Cushing Midstream Energy Fund is progressively becoming more dependent on debt to grow their business.

NXG Cushing Midstream Energy Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for NXG Cushing 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.

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NXG Cushing Midstream Energy Fund LT-Debt-to-Total-Asset Chart

NXG Cushing Midstream Energy Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.19

0.29

0.06

0.18

0.20

NXG Cushing Midstream Energy Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.06	0.14	0.18	0.29	0.20

NXG Cushing Midstream Energy Fund LT-Debt-to-Total-Asset Calculation

NXG Cushing Midstream Energy Fund's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (A: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2024 )	/	Total Assets (A: Nov. 2024 )
	=	48.315	/	243.676
	=	0.20

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

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	48.315	/	243.676
	=	0.20

NXG Cushing Midstream Energy Fund (NYSE:SRV) 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.

NXG Cushing Midstream Energy Fund LT-Debt-to-Total-Asset Related Terms

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NXG Cushing Midstream Energy Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » NXG Cushing Midstream Energy Fund (NYSE:SRV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4925 Greenville Avenue, Suite 1310, Dallas, TX, USA, 75206

Website

http://www.cushingcef.com

NXG Cushing Midstream Energy Fund is a non-diversified, closed-end management investment company with an investment objective of seeking 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 midstream energy investments.

Executives

Jerry V Swank	officer: President and CEO	3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
John Alban	officer: CFO/Treasurer and Interim CCO	THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Todd Sunderland	other: Adviser COO	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
John M. Musgrave	other: Portfolio Manager	8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Andrea Mullins	director	3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Jeffrey A Engelsman	officer: Chief Compliance Officer	865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mark Rhodes	officer: President	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Blake Nelson	officer: Chief Financial Officer	8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Brian R Bruce	director	5945 GLENDOWER LANE, PLANO TX 75093
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mathew Calabro	officer: Chief Compliance Officer	8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Saket Kumar	other: Adviser Managing Partner	300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Brenda A Cline	other: Trustee	5101 TENNYSON PARKWAY, PLANO TX 75024
Daniel L Spears	other: Partner	C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206