TEAF (Tortoise Essential Assetsome Term) Scaled Net Operating Assets : 0.98 (As of May. 2024)

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What is Tortoise Essential Assetsome Term Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tortoise Essential Assetsome Term's operating assets for the quarter that ended in May. 2024 was $221.78 Mil. Tortoise Essential Assetsome Term's operating liabilities for the quarter that ended in May. 2024 was $0.66 Mil. Tortoise Essential Assetsome Term's Total Assets for the quarter that ended in Nov. 2023 was $225.07 Mil. Therefore, Tortoise Essential Assetsome Term's scaled net operating assets (SNOA) for the quarter that ended in May. 2024 was 0.98.

Tortoise Essential Assetsome Term Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Tortoise Essential Assetsome Term's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Nov. 2023 )
=	(Operating Assets (A: Nov. 2023 )	-	Operating Liabilities (A: Nov. 2023 ))	/	Total Assets (A: Nov. 2022 )
=	(225.032	-	0.814)	/	251.239
=	0.89

where

	Operating Assets		(A: Nov. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	225.072	-	0.04
=	225.032

	Operating Liabilities		(A: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	24.814	-	24	-	0
=	0.814

Tortoise Essential Assetsome Term's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: May. 2024 )
=	(Operating Assets (Q: May. 2024 )	-	Operating Liabilities (Q: May. 2024 ))	/	Total Assets (Q: Nov. 2023 )
=	(221.78	-	0.655)	/	225.072
=	0.98

where

	Operating Assets		(Q: May. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	221.82	-	0.04
=	221.78

	Operating Liabilities		(Q: May. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21.555	-	20.9	-	0
=	0.655

* 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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Essential Assets Income Term (NYSE:TEAF) » Definitions » Scaled Net Operating Assets

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 Essential Assets Income Term is a US-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