TEAF (Tortoise Essential Assetsome Term) LT-Debt-to-Total-Asset : 0.14 (As of Nov. 2024)

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What is Tortoise Essential Assetsome Term 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 Essential Assetsome Term's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.14.

Tortoise Essential Assetsome Term's long-term debt to total assets ratio increased from Nov. 2023 (0.11) to Nov. 2024 (0.14). It may suggest that Tortoise Essential Assetsome Term is progressively becoming more dependent on debt to grow their business.

Tortoise Essential Assetsome Term LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tortoise Essential Assetsome Term'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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Tortoise Essential Assetsome Term LT-Debt-to-Total-Asset Chart

Tortoise Essential Assetsome Term Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

LT-Debt-to-Total-Asset

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0.13

0.08

0.12

0.11

0.14

Tortoise Essential Assetsome Term Semi-Annual Data
	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.12	0.12	0.11	0.09	0.14

Tortoise Essential Assetsome Term LT-Debt-to-Total-Asset Calculation

Tortoise Essential Assetsome Term'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 )
	=	31.5	/	230.35
	=	0.14

Tortoise Essential Assetsome Term'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 )
	=	31.5	/	230.35
	=	0.14

Tortoise Essential Assetsome Term (NYSE:TEAF) 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 Essential Assetsome Term LT-Debt-to-Total-Asset Related Terms

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Tortoise Essential Assetsome Term Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Essential Assets Income Term (NYSE:TEAF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5901 College Boulevard, Suite 400, Overland Park, KS, USA, 66211

Website

https://www.tortoiseecofin.com

Tortoise Essential Assets Income Term is a USA-based non-diversified, closed-end management investment company. Its investment objective is to provide common shareholders with a high level of total return with an emphasis on current distributions.

Executives

Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Katherine Moore	officer: President, other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	director, other: MEMBER, INVESTMENT COMMITTEE	5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: CFO, PFO & TREASURER	5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Gregory Daniel Murphy	other: Member of Investment Committee	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Prashanth Prakash	other: Member of Investment Committee	15 RIVER ROAD, WILTON CT 06897
Lamaze Jean-hugues De	other: Member of Investment Committee	C/O 5100 W. 115TH PLACE, LEAWOOD KS 66211
Maneesh Jhunjhunwala	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Gary Paul Henson	other: DIR.; MEMBER OF INV. COMM.^	5100 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Gengler Courtney	officer: Vice President	5200 W. 115TH PLACE, LEAWOOD KS 66211