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TYGPRB.PFD (Tortoise Energy Infrastructure) Scaled Net Operating Assets : 1.15 (As of Nov. 2024)


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What is Tortoise Energy Infrastructure 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 Energy Infrastructure's operating assets for the quarter that ended in Nov. 2024 was $689.51 Mil. Tortoise Energy Infrastructure's operating liabilities for the quarter that ended in Nov. 2024 was $38.67 Mil. Tortoise Energy Infrastructure's Total Assets for the quarter that ended in May. 2024 was $563.92 Mil. Therefore, Tortoise Energy Infrastructure's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2024 was 1.15.

Tortoise Energy Infrastructure 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 Energy Infrastructure's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2024 )
=(Operating Assets (A: Nov. 2024 )-Operating Liabilities (A: Nov. 2024 ))/Total Assets (A: Nov. 2023 )
=(689.509-38.671)/492.651
=1.32

where

Operating Assets(A: Nov. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=689.509 - 0
=689.509

Operating Liabilities(A: Nov. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=130.17 - 91.499 - 0
=38.671

Tortoise Energy Infrastructure's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2024 )
=(Operating Assets (Q: Nov. 2024 )-Operating Liabilities (Q: Nov. 2024 ))/Total Assets (Q: May. 2024 )
=(689.509-38.671)/563.922
=1.15

where

Operating Assets(Q: Nov. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=689.509 - 0
=689.509

Operating Liabilities(Q: Nov. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=130.17 - 91.499 - 0
=38.671

* 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 Energy Infrastructure Scaled Net Operating Assets Related Terms

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Tortoise Energy Infrastructure Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Energy Infrastructure Corp. (NYSE:TYGPRB.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
TYG:USA
Address
5901 College Boulevard, Suite 400, Overland Park, KS, USA, 66211
Website
https://www.tortoiseadvisors.com
Tortoise Energy Infrastructure Corp seeks to provide a high level of current income to stockholders. It invests in fixed-income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.