TPZ (Tortoise Power & Energy Infra Fd) LT-Debt-to-Total-Asset : 0.14 (As of May. 2024)

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What is Tortoise Power & Energy Infra Fd 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 Power & Energy Infra Fd's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.14.

Tortoise Power & Energy Infra Fd's long-term debt to total assets ratio declined from May. 2023 (0.21) to May. 2024 (0.14). It may suggest that Tortoise Power & Energy Infra Fd is progressively becoming less dependent on debt to grow their business.

Tortoise Power & Energy Infra Fd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tortoise Power & Energy Infra Fd'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 Power & Energy Infra Fd LT-Debt-to-Total-Asset Chart

Tortoise Power & Energy Infra Fd Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.30

0.23

0.20

0.21

0.20

Tortoise Power & Energy Infra Fd 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									0.19	0.21	0.21	0.20	0.14

Tortoise Power & Energy Infra Fd LT-Debt-to-Total-Asset Calculation

Tortoise Power & Energy Infra Fd'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 )
	=	24.6	/	120.802
	=	0.20

Tortoise Power & Energy Infra Fd'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 )
	=	79.893	/	563.922
	=	0.14

Tortoise Power & Energy Infra Fd (NYSE:TPZ) 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 Power & Energy Infra Fd LT-Debt-to-Total-Asset Related Terms

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Tortoise Power & Energy Infra Fd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Power & Energy Infra Fd Inc (NYSE:TPZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211

Website

https://www.tortoiseecofin.com

Tortoise Power & Energy Infra Fd Inc is a closed-ended fund. Its primary investment objective is to provide a high level of current income. Its secondary objective is capital appreciation. The company invests in a portfolio of fixed income and equity securities issued by power and energy infrastructure companies.

Executives

Ciccotello Conrad S	director, 10 percent owner	5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	other: Affiliate of Inv Advisor	5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens	officer: President	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: Chief Financial Officer	5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Alexandra Herger	director	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
Gengler Courtney	officer: Vice President	5200 W. 115TH PLACE, LEAWOOD KS 66211
Ryan Channell	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Adam T Peltzer	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Charles E Heath	director	180801 MASTIN BLVD, OVERLAND PARK KS 66210
Lovell Minnick Partners Llc	10 percent owner, other: Control Person of Adviser	555 EAST LANCASTER AVENUE, SUITE 510, RADNOR PA 19087
James Ryan Mick	other: Member of Investment Committee	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211